The President, Major General Muhammadu Buhari (retd.) has approved the reconstitution of the board of the Nigeria Deposit Insurance Corporation.
He has also approved the appointment of some new members and
the reappointment of some existing members to the board.
A statement on Monday signed by the Special Adviser, Media
& Communications to the Minister of Finance, Budget and National Planning,
Yunusa Abdullahi, disclosed this.
The statement noted that the new appointments and
reappointments had become necessary to avoid any vacuum.
The new appointees are Dr. Abdulhakeem Abdullateef,
(Chairman) from Southwest zone; Prof. Osita Ogbu, from Southeast Zone; Umar
Jibrin from Northcentral zone; Mohammed Haruna from Northeast zone; Yasmin
Dalhatu from Northwest zone; Simon Ogie from Southsouth zone; Abimbola Olashore
Southwest zone.
Those representing their institutions on the NDIC board are
Director of Home Finance, Muhammed Ali, member (Rep of Federal Ministry of
Finance, Budget and National Planning); Director Banking Supervision
Department, Haruna Mustapha, member (Rep of Central Bank of Nigeria).
The reappointed members are Managing Director, Bello Hassan;
Executive Director Operations, Mustapha Ibrahim; and Executive Director
Corporate Services, Mrs Emily Osuji.
Abdullateef, a lawyer, previously served as member, Lagos
State House of Assembly Oshodi/Isolo Constituency II, before he was appointed
Special Adviser to the Lagos State Governor on Political and Legislative
Powers, then later as commissioner for Home Affairs, Lagos State Government.
NDIC operates a four-year semester system for its board, and
the last appointment was made on December 9, 2018.
The statement read, “The appointment of the existing members
of the board whose four-year became effective on 9th December, 2018 expired on
9th December, 2022. It is noteworthy that irrespective of the tenure of the
appointment, NDIC operates a semester system for its board. Therefore, the
board stands dissolved at the end of the tenure of first appointment.
“The board has five other 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.
“It becomes imperative to reconstitute the governing board
the NDIC 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.
“In the light of this, the new governing board is
reconstituted through the appointment of five new members including the
chairman to form a new board of directors to oversee the affairs of the
corporation for the next four years.”
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