MD of NDIC, Hassan assumes office | Dailytrust

MD of NDIC, Hassan assumes office

Nigerian Deposit Insurance Corporation (NDIC)
Nigerian Deposit Insurance Corporation (NDIC)

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has inaugurated officials of the Nigeria Deposit Insurance Corporation (NDIC).

At the inauguration of the new NDIC Managing Director and Chief Executive Officer, Mr Bello Hassan and the Executive Director (Operations) Mr Mohammed Ibrahim, she said the government will revisit the recently amended Banks and Other Financial Act (BOFIA) 2020 that was signed by President Muhammadu Buhari.

NDIC and the Central Bank of Nigeria (CBN) had a running battle as to who controls the banking licenses processes among other issues. Whilst the CBN has an exclusive right to license banks, the NDIC also wanted to be a part of the licensing processes. The new law still didn’t grant NDIC that privilege.

She said she will work with the NDIC management and the NDIC board to resolve issues that arose from the recently amended Banks and Other Financial Act (BOFIA) 2020.

“I am aware there are issues that arose from the recently amended Banks and Other Financial Act (BOFIA) 2020 to which my attention was drawn. We will work with you and the board to resolve them. I pledge the Ministry’s continuous support and collaboration to your corporation in the discharge of its mandate,” she said.

The minister while thanking the previous leadership for their excellent work expressed confidence in the capability of the new leadership to deliver on their mandate.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410