Again, DBN Emerges Highest-ranked Public Institution

The Development Bank of Nigeria has again emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII) recently released by the Center for Fiscal Transparency and Integrity Watch.

The index which was put together by the Centre for Fiscal Transparency and Integrity Watch (CeFTIW) in collaboration with the Bureau for Public Sector Reform, with support from the MacArthur Foundation assessed 511 MDAs and public sector institutions on their level of transparency and accountability in government processes.

To retain its first position, DBN scored 73.26 per cent, moving up from the 58.74 per cent it scored in 2022,  a testament to the bank’s commitment to promoting transparency, accountability, and proactive partnerships.

Speaking at the public presentation of the transparency and integrity index, the Secretary to the Government of the Federation, Senator George Akume, represented by the Permanent Secretary, Cabinet Office, Mr. Maurice Mbaeri pointed out that “proactive disclosure of information as enshrined in the Freedom of Information Act seeks to enable public institutions to adopt a proactive stance in disclosing information to the public”.

Also speaking, the Chairman, Board of Trustees, CeFTIW, Amb. Angela Nworgu explained that the centre introduced the Transparency and Integrity Index as an annual assessment of public institutions’ compliance with national laws and international conventions that promote transparency, and accountability and minimise corruption.

Reacting to this development, the managing director/CEO, of Development Bank of Nigeria, Dr. Tony Okpanachi expressed delight at the report, regarding the ranking as a reflection of the company’s corporate governance, ethics and processes.

Dr. Okpanachi further highlighted, “This report underscores our unwavering dedication to fulfilling our mandate, which involves addressing the financing challenges encountered by Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria.’