NDIC supports an amendment, to the Nigerian Sovereign Investment Authority

NDIC MD/CE & ED/OPs Confirmation Screening

L-R: MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim and NDIC Executive Director, Operations, Prince Aghatise Erediauwa during their recent confirmation screening by the Senate Committee on Banking, Insurance and Other Financial Institutions.


L-R: MD/CE, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, Special Adviser to the President on National Assembly Matters, Senator ItaEnang and NDIC Executive Director, Operations, Prince Aghatise Erediauwa during the confirmation screening for the NDIC CEO and Executive Director.


NDIC team at Senate screening committee supported an amendment, to the Nigerian Sovereign Investment Authority (NSIA), to ensure regular contributions into the Sovereign Wealth Fund,

The hearing is on a Bill for an Act to Amend the Nigerian Sovereign Investment Authority (establishment) Act 2011, to align it with the constitution of the Federal Republic of Nigeria,1999, restore sovereignty to the Naira, as the national currency, ensure transparency of its funding and entrench parliamentary accountability and for other matters connected therewith.
The committee said the contributions should be made in naira

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