NDIC Chairman Warns Staff Against Indolence

November 05 11:31 2013 Print This Article

Chairman, Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Adamu

The Chairman, Nigeria Deposit Insurance Corporation (NDIC), Mr. Hassan Adamu has warned staff of the Corporation to either sit up or be shown the way out.

The NDIC Chairman who gave the warning at the rebranding ceremony of the new NDIC said that a new chapter for transparency and accountability has been opened.

According to him, “those who are not going to live by the tenets of their promise, we will show them the way out”.

He added that the new logo of the NDIC is an indication of the new focus of the Corporation which is hinged on better service delivery and honesty.

Earlier in his keynote address, Minister of State for Finance, Mr. Yerima Ngama said the rebranding project would help to change the ways businesses were being conducted in the corporation.

Mr. Ngama said, “As a policy response to the recent financial crisis, the design of deposit insurance has been re-drawn in many jurisdictions. It is in this regard that the board and management of the NDIC decided to evolve a new corporate identity as part of the ongoing corporate re-engineering of the corporation.

“Rebranding is, therefore, a key step towards repositioning deposit insurance schemes to achieve their statutory mandates, and this branding is a strategic step that the corporation has deliberately taken as part of its business process.”

Mr. Ngama said the near collapse of the nation’s banking system and the role played by both the Central Bank of Nigeria and the NDIC through the special audit and injection of N620b into 10 distressed banks underscored the importance of the corporation to the nation’s financial stability.

On his part, the Corporation’s Managing Director, Mr. Umaru Ibrahim, said the re-branding exercise would help enhance service delivery.

“This determination to enhance our service delivery began with a most interesting journey that saw us strengthening the internal processes, building staff capacities, improving work ethics, and building an effective information communication infrastructure.

“The rebranding process in particular began with a brand audit where we conducted a perception study of the corporation’s stakeholder environment, and undertook an extensive comparative assessment of all the logos throughout our sector across the globe”.

The rebranding of NDIC is based on three objectives: business to citizen objectives; business to business objectives; and business to government objectives.

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