The Nigeria Deposit Insurance Corporation (NDIC) has exonerated self from the allegations of stashed away funds amounting to $76 million reported to have been found in an Abuja apartment during Covid-19 peak by Peoples Gazette.
Peoples Gazette had in an exclusive report indicated that Aisha Sadiq Odariko, a manager in charge of an enterprise risk unit at the Nigeria Deposit Insurance Corporation (NDIC), and Mohammed Kyari Dikwa, a retired permanent secretary at the Federal Ministry of Finance, had allegedly stockpiled about $76 million cash of unexplained origin.
But NDIC in a statement explained that while the Corporation is assessing the veracity of the alleged stashed away funds and involvement of its staff, the incident however is unrelated to the operations of the Corporation.
In reference to its staff mentioned in the reported incident, NDIC stated that: “It is important to note that during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone. However, we remain diligent in our pursuit of any contradictory information and will not hesitate to take appropriate action should it arise concerning the staff member involved.
“The NDIC maintains a zero-tolerance policy towards financial impropriety and any actions that contravene our core values, corporate culture, and code of conduct.”
The full text of the statement signed by the NDIC’s Director, Communications and Public Affairs Department, Bashir Nuhu, reads below:
NDIC ADDRESSES ALLEGATIONS OF FINANCIAL IMPROPRIETY INVOLVING STAFF MEMBER
The attention of the Management of the Nigeria Deposit Insurance
Corporation (NDIC) has been drawn to the media report by the Peoples’
Gazette and Sahara Reporters regarding allegations of financial
impropriety involving one of our staff members.
We would like to emphasize that while we are assessing the veracity of the reported incident, the alleged events are unrelated to the operations of the Corporation. Nonetheless, as a responsible Federal Institution, we are committed to uncovering the truth and addressing the matter in an
appropriate manner.
Following our preliminary investigations into the allegations, we have discovered that the staff member in question was previously employed at a commercial bank as an account officer to the Federal Government Official referenced in the report before joining the NDIC in 2017.
It is important to note that during her tenure at the bank, she asserts that she was not involved in any improper financial transactions with anyone. However, we remain diligent in our pursuit of any contradictory information and will not hesitate to take appropriate action should it arise concerning the staff member involved.
The NDIC maintains a zero-tolerance policy towards financial impropriety and any actions that contravene our core values, corporate culture, and code of conduct.
We wish to emphasize that the NDIC is committed to upholding the highest
ethical standards in our corporate governance practices, which we have
diligently cultivated over the past three decades of our existence in fulfilling our role of depositor protection and contributing to financial system stability.
BASHIR A. NUHU
DIRECTOR, COMMUNICATIONS & PUBLIC AFFAIRS DEPARTMENT
Saturday, 24 June 2023.
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