Our Reporter

The Special Adviser to the President on National Assembly Matters (Senate), Sen. Basheer Lado, on Tuesday presented the names of presidential nominees for appointment as Managing Director and Executive Director of the Nigeria Deposit Insurance Corporation (NDIC) to the Senate Committee on Banking, Insurance, and Other Financial Institutions for screening and confirmation.

This is contained in a statement by Mr Sunday Iyogun, Assistant Director, Information and Public Relations, Office of the Special Adviser to the President on National Assembly Matters (Senate), on Wednesday in Abuja.

Iyogu said the nominees forwarded by President Bola Tinubu are: Dr Thompson Oludare Sunday– Managing Director and Dr Kabir Sabo Katata – Executive Director.

According to him, Sen. Lado, while formally presenting the nominees to the Committee, stated that their selection underscores the President’s commitment to reforming and repositioning the financial sector through credible and experienced leadership.

“These nominations are based on proven competence, deep sectoral experience, and a shared vision with the President to promote financial stability, protect depositors, and strengthen the public’s trust in the banking system,” he said.

The Senate Committee Chairman , Sen. Tokunbo Abiru appreciated the Special Adviser to the president on senate matters for his commitment to facilitating the relationship between the President and the Senate, pledging fairness in the screening of the nominees in line with legislative procedures and make its recommendations to the Senate for confirmation.

“The NDIC, a critical institution in Nigeria’s financial regulatory architecture, provides deposit insurance and ensures the soundness of the banking system.

“The confirmation of new leadership is seen as a step toward consolidating reforms in the financial services sector,” he added. END