President Muhammadu Buhari has authorized the reconstitution of the Board of the Nigeria Deposit Insurance Corporation (NDIC).
He also approved the appointment of some new members and reappointment of some existing members to the Board.
The board has five members whose membership is by virtue of institutional or Office representation in line with the provision of Section 5 (2 c and d) of the NDIC, Act, 2006.
In a statement disclosed from the Federal Ministry of Finance, Budget and National Planning stated the new appointments and reappointments of the governing board the NDIC had become necessary “to avoid vacuum, ensure smooth operations of the corporation and ultimately boost the confidence of stakeholders and clients within the financial and banking sectors of the nation’s economy”.
The statement listed those appointed into the board to include Abdulhakeem Abdullateef, (Chairman) from South West Zone, (new appointment); Osita Ogbu, (member) from South East Zone, (new appointment); Umar Jibrin, (member) from North Central Zone, (new appointment); and Mohammed Haruna (member) from North East Zone, (new appointment).
Other appointees are: Yasmin Dalhatu (Member, from North West zone, (new appointment); Simon Ogie, (member), from South South Zone, (new appointment); Abimbola Olashore (member), South West Zone, (new appointment); Muhammed Ali, Director Home Finance (member), Institutional (Rep of Federal Ministry of Finance, Budget and National Planning); Haruna Mustapha, Director Banking Supervision Department, (member), Institutional (Rep of Central Bank of Nigeria); Bello Hassan, Managing Director (member), by virtue of office; Mustapha Ibrahim, Executive Director Operations (member), by virtue of office; and Emily Osuji, Executive Director Corporate Services (member), by virtue of office.
