PREAMBLE

 

Nigeria Deposit Insurance Corporation is committed to excel in the discharge of its statutory responsibilities based on the core values of Professionalism, Team Work, Integrity, Transparency and Discipline.

 

Furthermore, the Corporation shall always be guided by the policy of equity, fairness and justice in all its dealings either with Staff or external clientele.

 

The Code of Conduct and Ethics is designed to further guide NDIC Staff in the discharge of their responsibilities and to ensure high level of probity and transparency in carrying out their duties. The provisions in the Code of Conduct may not necessarily be exhaustive; therefore staff are advised to seek the counsel and advice of their superiors when confronted with any situation they are unable to handle.

 

Every Staff of the Corporation should undertake to abide by the Corporation’s Code of Conduct and Ethics, and by the rules and regulations which may be applicable from time to time.

 

The revision of the Code of Conduct and Ethics is undertaken to take into account the current realities in the environment in which the NDIC operates.

 

 1.        CONDUCT

i.                 All staff should always see themselves as ambassadors/image makers of the Corporation.

ii.               All staff should exhibit decency, honesty and integrity in their day to day work.

iii.             All staff should exhibit politeness, discipline and decorum in all their dealings with fellow staff and the general public.

iv.            No staff should engage in any form of quarrelling or fighting in or outside the office.

v.              All staff should always keep the peace and eschew arguments that border on religious, ethnic/tribal, gender or partisan political views.

vi.            Staff should not use the authority of office for personal gains, but should at all times seek to uphold and enhance the cause of the Corporation.

vii.          All staff should be dedicated and committed to the attainment of the Corporation’s goals.

viii.        All staff should eschew any form of gratifications from our clients or other stakeholders

ix.             All staff should avoid trade union activities.

x.               Staff  should avoid using their positions as NDIC staff to obtain favour from insured institutions

xi.             All NDIC staff should avoid to play the role of Aiding and Abetting any malfeasance   during the course of our duty.

xii.           No staff should engage in any political activity or be a card carrying    member of any political party.

 

2.        SECRECY AND CONFIDENTIALITY

 

i.                    All Staff should safeguard information/documents obtained from our clients and other stakeholders.

ii.                  All staff should treat information that come their way in the normal course of their duties in strict confidence.

iii.                All staff should show high degree of tact and discretion when answering questions from the general public on matters pertaining to the Corporation’s operation

iv.               All staff should refer issues they do not understand fully to their superior officers and should not disclose sensitive information capable of harming the interest of the Corporation.

v.                 All staff should refer issues they do not fully understand to their superior officers and should not disclose sensitive information which will breach the Condition of service.

vi.               Only authorized officers or their representatives are allowed to speak with the press in line with the Public Service Rules.

vii.             Staff should avoid disclosing privileged information about insured banks to members of the public, including their family members.

viii.       All staff  are to sign an oath of secrecy and confidentiality annually.

 

3.        MODE OF DRESSING

 

i.                    All staff are required to always appear neatly and smartly dressed. The under listed mode of dressing will therefore serve as guide:

ii.                  All male staff are required to be either fully dressed in decent traditional attires with caps to match, or wear suits with ties while female staff should be dressed in traditional attires or wear pants/trouser suits or decent skirt suits”. All staff should use cover shoes in all cases.

iii.                All junior staff who are not dressed as in (1) above, or in uniforms must dress in clean trousers, shirts and ties.

iv.               All staff who are provided with uniforms must always keep such uniforms clean and wear them whenever they are on duty.

v.                 All drivers for water tankers and trucks should wear their prescribed uniform while on duty

vi.               Formal dress (Two/three piece suits), same for all staff irrespective of position or status

vii.             Use of shoes only for formal dress

viii.           Native attire on Fridays only/shoes/sandals/leather slippers only (avoid bathroom slippers).

ix.                Uniforms for security/Drivers/Cleaners should be worn always.

 

 4.        WORK ETHICS

i.                    All staff should consider the interest of the Corporation first and foremost in their official dealings, work or project especially where their relations or friends are involved.

ii.                  All staff should avoid doing anything that could lead to the disruption of work in the office, such as locking up of vital documents in their drawers while they are away.

iii.                All staff should be willing to learn and accept corrections and constructive criticisms.

iv.               All staff should exhibit politeness and demonstrate mutual respect for one another.

v.                 All staff should cultivate the habit of team spirit especially at work.

vi.               All staff should accept delegated tasks/duties.

 

 

5.        RELATIONSHIP WITH THE GENERAL PUBLIC

i.                    Staff should avoid unnecessary arguments and discussions that could lead to ill feelings towards the Corporation by aggrieved persons.

ii.                  Staff should avoid receiving any gift that could influence their decisions at work except minor corporate gifts e.g. diaries and calendars. On no account should a staff receive cash gift.

iii.                No staff should unfairly discriminate against any member of the public on account of race, gender, ethnic or social origin, colour, sexual orientation, age, disability, religion, political persuasion, conscience, belief, culture or language.

iv.               All staff should act with integrity at all times

 

6.        FINANCIAL DISCIPLINE

i.                    All staff should avoid financial embarrassment in their dealings with the public and in the conduct of their personal affairs.

ii.                  Staff should ensure repayment of any loan facility taken from any bank in line with the terms and conditions of such facility.

iii.                All staff should be fair in their financial dealings with the public in the conduct of their personal affairs.

 

7.        DECLARATION OF ASSETS

All staff of the Corporation are to declare their assets every four years and at the end of their term of office in accordance with the provisions of the code of conduct. Copies made available to HRD.

 

8.        COMMUNICATION AND TEAMWORK

i.                    All staff to take cognizance of their limitations and consult as much as possible with colleagues and superiors on matters requiring technical expertise and experience.

ii.                  All staff to endeavor to critically look at all sides to an issue in the spirit of openness, transparency and accountability in the day to day performance of their duties.

iii.                Teamwork/Esprit de corps to be the guiding principle as all staff are expected to cooperate with their colleagues in the discharge of their duties.

iv.               All staff to always speak and respond to enquiries from the public in a courteous, respectful and decent language.

 

9.        UNAUTHORISED GUARANTEE/RECOMMENDATION

i.                    All staff are prohibited from the use of the Corporation’s name, letterheads, logo etc. for their private guarantee in a manner as to give the impression that such guarantee or recommendation therein are given on behalf of the Corporation

ii.                  All staff should always make judicious use of all the Corporation’s Assets without abusing them.

 

10.      PURCHASE OF ASSETS OF BANKS UNDER LIQUIDATION

i.                    All staff and members of their immediate families are prohibited from the purchase of Assets of Banks in liquidation.

ii.                Staff involved in liquidation services should exercise care and diligence in dealing with depositors, debtors and ex-staff of failed Banks.

iii.               There should be at least two NDIC staff in all meetings/negotiations with depositors, debtors and ex-staff of failed banks.

 

 

11.      AVOIDING CONFLICT OF INTEREST

i.                 No staff should engage in any work or private practice that conflict with that of the NDIC while in the Corporation’s employment.

 

12.      SECURITY

i.                    All staff should remain conscious of suspicious movements within and around the Corporation’s premises.

ii.                  No staff should interfere with security procedures and arrangements while necessary complaints and grievances should be routed through the appropriate channel.

iii.                All staff should always hold and display their ID cards whenever they are in the office.

iv.               All staff should always hold and use their Door Access Control system cards whenever they are in the office for security purpose.

v.                 All staff should always be alert and security conscious to complement the security system of the Corporation.

vi.               All staff should ensure they clear all official documents from tables after closing hours to protect the integrity of official information.

vii.             All staff should endeavour to adhere to stated lunch hour.

viii.           Staff should ensure the completion of all daily assignments within the stipulated  timeframes or deadlines

ix.                Staff should ensure they receive visitors during the allowed visiting days/hours.

x.                Staff should protect their passwords unless it becomes absolutely necessary to release such passwords and should be changed afterwards.

xi.              All official documents should be carefully handled and be properly locked up after the day’s business to prevent information leakage.

 

 13.      HEALTH MATTERS

 

Staff experiencing medical problems should avail themselves of appropriate medical attention through their selected Health Service Providers. Life threatening ailments not covered by the National Health Insurance Scheme should be reported to HRD timely for appropriate management consideration.

 

14.      ENFORCEMENT

 

14.1   GENERAL PRICIPLES

Under our Code of Conduct, we seek to conduct our business in accordance with the highest standards of ethics at all of our locations, and we encourage employees to bring ethical questions to management's attention so that we can consistently maintain the established high standard. In the course of work, if a law conflicts with a policy in this Code, you must comply with the law. Also, if a local custom or policy conflicts with this Code, you must comply with the Code. If you have any questions about these conflicts, you should refer same to your supervisor. Employees and officers are responsible for understanding the legal and policy requirements that apply to their jobs and reporting any suspected violations of law, this Code or Corporation’s policy.

 

Endorsing the following Code is an acceptance of having read and understood the provisions of the main Code and relevant policies and procedures.   

 

 14.2  UNDERTAKING TO COMPLY WITH STANDARDS OF ETHICS

 

·                    I will act within the governing document of the Nigeria Deposit Insurance Corporation (NDIC) and the law, and abide by the policies and procedures of the organisation. This includes having knowledge of the contents of the Code and relevant policies and procedures.

·                    I will support the objects and mission of the Corporation, championing it, using any skills or knowledge I have to further that mission and seeking expert advice where appropriate.

·                    I will respect organizational, board and individual confidentiality, while never using confidentiality as an excuse not to disclose matters that should be transparent and open.

·                    I will develop and maintain a sound and up-to-date knowledge of the Corporation and its environment. This will include an understanding of how NDIC operates, the social, political and economic environment in which it operates and the nature and extent of its work.

·                    I will use the Corporation’s resources responsibly, and when claiming expenses will do so in line with approved procedures.

·                    I will seek to be accountable for my actions as an employee of the Corporation, and will submit myself to whatever scrutiny is appropriate.

·                    I accept my responsibility to ensure that NDIC is well run and will raise issues and questions in an appropriate and sensitive way to ensure that this is the case.

·                    I will not gain materially or financially from my involvement with NDIC unless specifically authorized to do so.

·                    I will act in the best interests of NDIC as a whole, and not as a representative of any group – considering what is best for the Corporation and its present and future beneficiaries and avoiding bringing NDIC into disrepute.

·                    Unless authorized, I will not put myself in a position where my personal interests conflict with my duty to act in the interests of the organisation. Where there is a conflict of interest I will ensure that this is managed effectively in line with existing policy.

·                    I understand that a failure to declare a conflict of interest may be considered to be a breach of this code.

·                   I will endeavor to work considerately and respectfully with all those I come into contact with at NDIC.  I will respect diversity, different roles and boundaries, and   avoid   giving offence.

·                    I will not make public comments about the Corporation unless authorized to do so.

·                    I understand that substantial breach of any part of this Code may result in procedures being put in motion that may result in my being asked to leave the Corporation.

 

 

 

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