The Senate has confirmed Thompson Oludare Sunday as the new Managing Director of the Nigeria Deposit Insurance Corporation (NDIC)
The Senate also confirmed Kabir Sabo Katata as Executive Director of the corporation.
The confirmation of the duo was sequel to the consideration of a report submitted by the Senate Committee on Banking, Insurance, and Other Financial Institutions on Thursday in Abuja.
The committee chairman, Senator Tokunbo Abiru (APC, Lagos East),who presented the report, said both nominees were found competent and qualified for the roles.
He said:“The committee finds the nominees suitable for the roles.There were no petitions against them, and security agencies cleared them. Their appointments are in line with the provisions of the NDIC Act, 2023.”
According to him, the nominees possess the necessary expertise, professional experience, and qualifications to lead the NDIC and contribute meaningfully to Nigeria’s financial system stability.
“After a robust engagement with the nominees and being satisfied with their experience, performance, and academic qualifications, the committee hereby recommends that the Senate confirms their appointments,” he said.
Deputy Senate President Barau Jibrin commended the committee for what he described as “a job well done.”
“The report is well-structured and comprehensive, thanks to the resilience and hard work of the chairman and members of the committee,” he said.
