VP tasks financial institutions on ethics
Against the backdrop of integrity question that has overwhelmed the Nigerian financial sector, the nation’s Vice President, Professor Yemi Osinbanjo has called for higher ethical practices and uprightness in the discharge of financial intermediatory services.
A statement from the Office of the Vice President, signed by Laolu Akande, Senior Special Assistant to the President on Media & Publicity, Office of the Vice President, made available to Daily Times Nigeria,
the vice president addressing a delegation from the Association of National Accountants of Nigeria (ANAN), which paid him a courtesy call at the Presidential Villa in Abuja, where he echoed on the need for enhanced ethical practice sin financial institutions.
He said that the prevailing integrity level in the sector falls below expectations, hence there is need to raise trust and confidence level in the sector.
““The level of integrity that we expect is not necessarily what we are seeing, especially in respect to financial statements and all of that,” he said.
Osinbajo said financial institutions have a crucial role to play in helping the President Muhammadu Buhari’s administration to fight corruption, as well as in improving the country’s economy.
He added that, as a financial body, ANAN should call out individuals who are allegedly tied to some levels of financial crimes to step down from their positions, so as to help curb corruption in the financial sector.
He also commended the association for the important roles it has played in regulating the country’s financial sector since it was incorporated in 1979, adding that a high level of integrity by financial institutions would help improve the lives of citizens.
ANAN’s delegation, led by its president, Alhaji Shehu Usman, earlier in his address, solicited for the appointment of its members into key offices, as it lauded the Buhari’s administration for its leadership in the affairs of the nation, the fight against corruption, insecurity and improving the economy.
