Business & Brands
Insurance: NDIC Bags Major Award From Buhari-Led FG
Insurance: NDIC has bagged a major award from the President Muhammadu Buhari-led Federal Government.
News ToGo learnt that the Nigeria Deposit Insurance Corporation, NDIC, has bagged the Federal Government’s ‘level five’ platinum level organisation award for outstanding performance in good governance and financial accountability.
The assessment was done by the Bureau of Public Service Reform (BPSR) from Sept. 2021 through the Bureau’s Self-Assessment Tool (SAT) initiative.
Presenting the award and report in Abuja on Tuesday, Mr Boss Mustapha, the Secretary to the Government of the Federation (SGF), said the assessment was drawn from the Federal Government’s commitment to ensure improved service delivery in the public service.
Mustapha, represented by Dr Habiba Lawal, the Special Adviser to the President on Policy and Coordination, congratulated the NDIC for accepting the assessment tool.
He enjoined all the federal Ministries, Departments and Agencies (MDAs) to subject themselves to the assessment for improved performance and service delivery.
Dr Zainab Ahmed, the Minister of Finance, Budget and National Planning, commended the NDIC for the achievements.
Ahmed, represented by Mr Stephen Okon, the Director, Home Finance of the ministry, said the appraisal should be constant to maintain the standards.
Analysing the SAT report, the Director-General of the BPSR, Dr Dasuki Arabi, said the Bureau assessed 10 pragmatic areas in the corporation.
Arabi said the areas assessed included performance management, strategic plan, budget, procurement, transparency and accountability, among others.
He said the corporation scored 93 per cent in the assessment for high quality work and hard work by the staff.
”It is worthy of note that NDIC is the first and only agency under the supervision of the Federal Ministry of Finance, Budget and National Planning which has enthusiastically submitted itself to undergo the assessment.
”The Bureau received a marching order in November, 2019 to deploy the tool in all MDAs.
”This is an outstanding pace NDIC has set, our humble persuasion is for others to readily emulate it.
”The introduction of SAT at this period to identify strengths and weaknesses of MDAs is a practical effort Public Service Institutions (PSIs) must key-in to if they must redeem their usefulness and relevance.
”This tool, which has to its credit a United Nation Award, is among the best innovation emanating from the Bureau to rank, reposition and reengineer organisational performance for improved service delivery,” he said.
He advised the corporation to collaborate more with other agencies of government for effective service delivery.
Mr Bello Hassan, the Managing Director of the NDIC, said the SAP initiative would continue to assist the Corporation in evaluating its responsiveness to current government policies.
Hassan said the award and report would spur the corporation into doing more to achieve its targets.
”We were highly elated for been rated platinum level, but I think for us we have a culture of continuous process improvement, so we are going to look at the report closely most especially on the recommendations.
”We are going to improve on our weaknesses identified so that when next we are assessed, we will do much better,” Hassan said.
The News Agency of Nigeria (NAN) reports that the SAT report was presented to the corporation by the SGF.
CBN has given new order to banks on the things to collect from customers.
News ToGo learned that the new CBN regulations mandate financial institutions to collect additional customer information including social media handles, email addresses, telephone numbers, and residential addresses.
This move aims to strengthen the identification process within the banking system. The apex bank outlined these requirements in its recently released document titled ‘Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023.’ It stated that these regulations were established to enhance customer due diligence measures for financial institutions under its regulatory oversight.
The goal is to ensure compliance with the provisions of the Money Laundering (Prevention and Prohibition) Act (MLPPA), 2022, Terrorism (Prevention and Prohibition) Act (TPPA), 2022, Central Bank of Nigeria (Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing of Weapons of Mass Destruction in Financial Institutions) Regulations, 2022 (CBN AML, CFT, and CPF Regulations), and international best practices.
Under the customer identification section, the CBN specified that financial institutions must identify their customers, whether they are permanent or occasional, natural persons or legal entities, or legal arrangements. The required information for individuals includes legal name and any other names used, permanent address, residential address, telephone number, email address, social media handle, date and place of birth, Bank Verification Number, Tax Identification Number, nationality, occupation, public position held, and name of employer.
The CBN also stated that individuals must provide an unexpired passport, national identification card, residence permit, social security records, or driver’s license as proof of identification. Additionally, financial institutions are required to gather details regarding the type of account, nature of the banking relationship, signature, and politically exposed person status. The document also outlines separate requirements for legal entities and legal arrangements. The CBN emphasized that these regulations apply to all financial institutions under its supervision.
Eko Maintenance Limited Recruitment 2022 is ongoing and applicants can apply now.
News ToGo brings you useful information concerning recruitment, scholarships, and trending news to keep you updated. This means that you can always check this platform to get information on various subjects.
Apply for Eko Maintenance Recruitment 2022, Careers & Job Vacancies. Eko Maintenance Job Recruitment positions are available till the deadline. Eko Maintenance Limited is a rapidly growing Facility Management Company that specializes in the maintenance of high-rise building facilities with office located in Victoria Island, Lagos. Founded in 2011, it offers her services to the construction and real estate industries from a network established in several countries across Africa, Europe, and the Middle East. Our track record includes projects with an investment value. See the available posts below.
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Salary: N150,000 – N200,000 Monthly.
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2.) Legal and Human Resources Officer
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3.) Archivist
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4.) Accountant
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5.) Accountant (Tax)
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Salary: N150,000 – N200,000 Monthly.
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6.) IT / Software Support Officer
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7.) Inventory Officer
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8.) Plumber
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9.) Legal / HR Officer
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Business & Brands
BREAKING: Management Speaks About Lives Of Staff, Documents After WAEC Fire Outbreak
BREAKING: Management has spoken about lives of staff and documents after WAEC fire outbreak.
News ToGo had reported that an early morning fire engulfed the office of the West African Examinations Council, WAEC, in Yaba area of Lagos. The incident occurred early on Wednesday morning amid efforts to contain the raging fire.
But the management of WAEC has calmed fears of casualties in the early morning fire that broke out at its national office. An official statement from the examination body which confirmed the fire outbreak made it clear that no life was lost and important documents were intact.
A terse statement signed by Moyosola Adesina, Head, Public Affairs Department of the Council, on Wednesday reads:
“The Management of the West African Examinations Council (WAEC), wishes to use this medium to inform the general public that there was an early morning fire incident at the WAEC National Office, Yaba, Lagos. It was swiftly contained by a combined team of firefighters.
“Thankfully, no life was lost and all important documents and records are intact.”
There were fears that some staff might have been affected by the fire. The concerns heightened after reports said that many of the WAEC staff were trapped in the building when the fire raged.
However, this statement from the exam body has allayed the fears of Nigerians and other members of the public.
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