Senate Confirms Thompson Sunday, Kabir Katata for Top Roles at NDIC

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The Nigerian Senate on Thursday confirmed the appointments of Mr. Thompson Sunday as Managing Director and Dr. Kabir Katata as Executive Director of the Nigerian Deposit Insurance Corporation (NDIC).

Their confirmation followed the presentation and adoption of the report by the Senate Committee on Banking, Insurance, and Other Financial Institutions, during plenary at the National Assembly in Abuja.

Chairman of the Committee, Senator Adetokunbo Abiru (APC–Lagos), who laid the report before the chamber, stated that the nominees were screened in line with the provisions of the NDIC Act, 2023. He noted that their performances during the screening process reflected strong qualifications, competence, and a deep understanding of the financial services sector.

“The nominees possess the required expertise, professional experience, and academic credentials to lead the NDIC at this critical time,” Abiru said. “There were no petitions or adverse reports against them, and they were duly cleared by the Department of State Services (DSS).”

Senator Abiru added that following a comprehensive engagement with the nominees, the committee was fully satisfied with their capabilities and therefore recommended their confirmation to the Senate.

Presiding over the plenary, Deputy Senate President Barau Jibrin praised the committee for its diligence, describing the confirmations as critical steps toward strengthening the leadership and governance structure of the NDIC board.

With the Senate’s confirmation, Mr. Sunday and Dr. Katata are expected to assume their new roles immediately, bringing their expertise to bear in safeguarding depositors’ funds and enhancing public confidence in Nigeria’s banking system.

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