Senate Confirms New NDIC Managing Director and Executive Director.
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Senate Confirms New NDIC Managing Director and Executive Director.
On Thursday, the Nigerian Senate confirmed the appointment
s of Oludare Sunday and Kabir Kataka as the new Managing Director and Executive Director of the Nigeria Deposit Insurance Corporation (NDIC).
This confirmation came after the Senate Committee on Banking, Insurance, and Other Financial Institutions—led by Senator Adetokunbo Abiru (APC, Lagos East)—submitted its report and recommended the approval of the nominees.
Senator Abiru presented the committee’s findings to the Senate, which subsequently endorsed the nominations.
President Bola Tinubu had earlier submitted the nominees’ names to the Senate in May for screening and approval, following legal and procedural guidelines.
With their confirmation, Sunday and Kataka are expected to immediately take up leadership roles at the NDIC, an institution vital to maintaining the stability of Nigeria’s financial and banking systems. Their appointments are anticipated to bolster confidence and operational strength in the sector.
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Faith Kegh
Content & Editorial Manager - Leads the creation, review, and publication of high-quality news and media content. She ensures that all editorial work reflects the organization’s standards of accuracy, professionalism, and relevance, while also engaging and informing the audience.
As the key driver of TokinPoint Media LTD's editorial voice, the manager oversees content planning, assigns tasks to writers or editors, enforces deadlines, and ensures consistency across all platforms. She also plays a strategic role in aligning content with audience interests and search engine optimization (SEO) best practices.