Buhari reconstitutes NDIC governing board, approves seven new appointments

President Muhammadu Buhari on Monday approved the reconstitution of the board of directors of the Nigeria Deposit Insurance Corporation (NDIC) with the appointment of seven new members.

A statement signed by the Special Adviser on Media and Communications to the Minister of Finance, Zainab Ahmed, Yunusa Abdullah, said the president approved the appointment of some new members and the re-appointment of some existing members to the NDIC Board.

The new appointment is aimed at injecting new ideas needed to reposition the company for better performance, the statement said. He noted that the appointment is essential to reconstitute the NDIC governing board to avoid vacancies, ensure the smooth operation of the company and ultimately increase the confidence of stakeholders and clients in the financial and banking sector of the country’s economy.

“The appointment of the Board members for four years effective December 9, 2018 will expire on December 9, 2022,” the statement read.

He said it is noteworthy that regardless of the degree of appointment, NDIC operates a semester system for a board and stands are dissolved after the degree of the first appointment.

According to the statement, the council has five other members whose membership is due to the representation of the institution or Office in accordance with the provisions of Section 5 (2 c and d) NDIC, Act, 2006.

The appointed

The statement listed those appointed to the board including 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 of Home Finance (member), Institution (Representative of the Federal Department of Finance, Budget and National Planning); Haruna Mustapha, Director of the Department of Banking Supervision, (member), Institution (Representative of the 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.

Profile

Mr. Abdullateef, Principal Partner at Abdulhakeem Abdullateef & Co. (Legal Practitioner), previously a Member, Lagos State House of Representatives Oshodi / Isolo Constituency II, before being appointed Special Adviser to the Governor of Lagos State on Political and Legislative Powers. He later became the Commissioner for Home Affairs, Lagos State.

Mr. Ogbu is a professor of Economics with over 30 years of professional experience in research, teaching, institution building, policy advice and executive leadership. He is currently Professor of Economics, Institute of Development Studies, University of Nigeria, Enugu Campus, as well as Member, Board of Governors, Enugu University of Science and Technology, Enugu, Nigeria.

Dalhatu is the Chief Executive Officer of the Jaiz Orphans and Widows Initiative – a Foundation targeting Internally Displaced Persons (IDPs) affected by the Boko Haram Insurgency in North East Nigeria.

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In addition, Mr. Jibrin has over 30 years of working experience in the public sector, and is a past Executive Secretary, Federal Capital Development Authority (FCDA), Abuja. In that capacity, he was primarily responsible for the planning and development of the Federal Capital Territory (FCT).

Mr. Haruna is a seasoned professional with 33 years of experience in commercial banking, manufacturing and public services. He is currently the Director of Finance and Supplies at the Yobe State Ministry of Finance, Damaturu.