The Chartered Institute of Directors (CIoD) Nigeria has commended the Nigeria Deposit Insurance Corporation (NDIC) for its steadfast commitment to corporate governance, ethical leadership, and financial system stability.
Speaking during a courtesy visit to the NDIC headquarters in Abuja, the President and Chairman of Council, Alhaji Tijjani Borodo, praised the Corporation’s operational excellence, effective bank supervision, and depositor protection efforts. He highlighted NDIC’s consistent delivery on its mandate as a key driver of trust and stability in Nigeria’s banking sector.
Borodo further noted that weak corporate governance remains a major cause of bank failures, stressing that the CIoD has instituted disciplinary mechanisms to hold directors accountable for unethical practices. He reaffirmed the Institute’s resolve to raise governance and leadership standards across sectors, particularly in banking.
He described the visit as a platform to deepen collaboration between the CIoD and NDIC, particularly in capacity-building initiatives. These include board induction programmes, executive leadership development, and governance training tailored for directors in both public and private institutions.
In his remarks, NDIC Managing Director/Chief Executive, Mr. Bello Hassan, lauded the CIoD’s role in promoting professionalism and accountability. He emphasized that sound corporate governance remains central to NDIC’s mission of protecting depositors and safeguarding the financial system.
Mr. Hassan reaffirmed the Corporation’s commitment to strengthening its partnership with the Institute, noting that such collaboration will help instill a culture of ethical leadership and institutional resilience within Nigeria’s financial sector.
