The Nigeria Deposit Insurance Corporation (NDIC) has provided some information on one of its managers accused of involvement in hiding $76 million in an Abuja mansion. The corporation in a statement over the weekend said it has commenced investigation into the allegation.

A report by SaharaReporters had claimed that a former Permanent Secretary in the Ministry of Finance, Dr. Mohammed Kyari Dikwa, and Aisha Sadiq Odariko, a manager at NDIC, hoarded $76 million cash in a house in Apo District of Abuja believed to be Dikwa’s office.

Scrap metal scavengers looking for COVID-19 palliatives were said to have stumbled on the cash instead of palliatives and made away with $4 million..

NDIC said that while it is assessing the veracity of the reported incident, the alleged events are unrelated to the operations of the corporation.

The statement signed by Bashir A. Nuhu Director, Communications and Public Affairs Department of NDIC said: “The attention of the management of the 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 emphasise 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.

“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 emphasise 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,” the Corporation stated.

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