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Published On: Thu, Oct 23rd, 2014

NDIC receives ‘most outstanding public institution’ award

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By Aminu Imam

The Nigerian Deposit Insurance Corporation (NDIC) on Wednesday received an award as one of the most outstanding public institution in the Finance, Trade and Investment category of the 2013/2014 Service Delivery Awards for public institutions in Nigeria.

The award was given by a civil society coalition, the Independent Service Delivery Monitoring Group (ISDMG), which organised the delivery service awards, was held at the International Conference Centre, Abuja.

The ISDMG presented a trophy to the Corporation for topping the Finance, Trade and Investment category after a rigorous exercise that involved public opinion and technical assessment on 400 public institutions by over five million Nigerians who voted through mobile SMS, internet and questionnaire survey.

Presenting the award to the Managing Director/Chief Executive of NDIC, Alh Umar Ibrahim, who was represented by the Corporation’s Director, Human Resources Department, Alhaji Aminu Ahmed at the service delivery awards in Abuja, the Executive Director, Independent Service Delivery Monitoring Group (ISDMG), Dr. Chima Amadi said the NDIC came top owing to its unequalled ratings by respondents in the core areas of assessment of public institutions.

He listed the areas as transparency and fiscal discipline, budget implementation, prompt response to enquiries, contributions to the economy, sustainable and people oriented programmes and web visibility of the public institutions.

Dr. Amadi pointed out that the award was a clear expression of the high level performance, innovation, qualitative service delivery and citizen’s satisfaction by the Corporation.

The NDIC also received an additional award, the ‘Integrity and Accountability Award’, for its excellent performance in the industry and showing great transparency in handling people’s money especially victims o9f other peoples misdeeds and has brought scot to them.

According to the ISDMG, “The NDIC has given every Nigerian who has his money in any financial institution the faith that his/her money is safe.

“Given the barrage of financial malpractices in our public institutions and the negative impact it is having on the life of the average

Nigeria, it has become patriotically pertinent to invent a reversal mechanism of this trend.

“While these calls have yielded little result as can be seen from the high number of public institutions embroiled in various misappropriation scandals, very few has itched close to this patriotic requirement of demonstrating transparency and integrity”, it stated.

According to the ISDMG, the Integrity and Accountability Award was based on ‘Public Perception, Prompt Payment/Settlement of all internal and external debts, Clean Records of Misappropriation scandals and Access to the Press in the running of their Business.

“In the continued drive to press home this message of integrity and accountability, we are obliged to encourage institutions aiming for this desired goal especially in a society where graft and financial scandals is common place.

“Our aim of presenting this award is to say to the wining institutions, do not rest on your oars”, it further said.

While receiving the award, Alhaji Aminu Ahmed, who represented the NDIC MD/CEO, said the award, which coincided with the Corporation’s recent launching of its new corporate identity, was a testimony to its unrelenting commitment to discharging its mandate of depositor protection and contributing to the safety, soundness and stability of the financial system.

He thanked the ISDMG for the honour given to the agency.


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