NDIC boss charges ICAN member auditors on accuracy, integrity

In order to earn public confidence and respect within the financial services industry, professional auditors who are members of the Institute of Chartered Accountants of Nigeria (ICAN) must uphold the core values of “Accuracy and Integrity” which is also the motto of the Institute, Bello Hassan, the MD/CEO of NDIC has said.

The NDIC Boss stated this on Thursday during a courtesy visit by the ICAN National President represented by one of the Council Members, Mrs. Sofura Seghosime and Chairman of Abuja District, Mrs. Bosede Ikhanoba, and other ICAN Executive Members to the NDIC head office in Abuja.

Hassan explained that both the NDIC and Central Bank of Nigeria (CBN) relied on the works of third parties which include external auditors and reporting accountants in the Risk-Based Supervision (RBS) of deposit taking institutions. He, therefore, stressed the need for ICAN members to ensure strict compliance to the high standards expected by the institutions in the discharge of their responsibilities.

“We place a lot of reliance on the work of external auditors that audit our banks or rather all deposit taking financial institutions. We want to see consistency in the way accountants express opinions over audited financial statements, Hassan said.

He pointed out that among the Nation’s MDAs, the Corporation has one of the largest number of chartered accountants amongst its workforce. He, therefore, reiterated the Corporation’s commitment towards continued collaboration with the Institute in enhancing the skill and capacity of members in its employment.

Earlier, the Council Member in company of the Abuja District Chairman had said they embarked on the visit on behalf of the Institute’s National President, Dame Onome Joy Adewuyi to solicit the collaboration of the NDIC in the Golden Jubilee Annual Conference of ICAN which was already scheduled to hold between 5th and 9th April, 2021.

She congratulated Hassan on his recent appointment as NDIC’s MD/CE, noting that this was a testimony to his vibrancy, hard work, and invaluable contributions to the growth of the banking sector for over 30 decades.

Cover Pix 1: L – R: Managing Director/CEO, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan receiving a congratulatory card presented to him on behalf of ICAN National President, Onome Joy Adewuyi from National Council Member, Mrs. Sofura Seghosime and Abuja District Chairman, Bosede Ikhanoba, during a courtesy visit on him at the Corporation’s Head Office in Abuja.