The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has inaugurated the newly appointed leadership of the Nigeria Deposit Insurance Corporation (NDIC), with a charge to strengthen the country’s financial system and safeguard public confidence in the banking sector.
The ceremony, held on Thursday at the Ministry of Finance in Abuja, saw the formal introduction of Mr. Thompson Oludare Sunday as Managing Director/Chief Executive Officer and Dr. Kabir Sabo Katata as Executive Director (Operations) of the NDIC.
Addressing the new appointees, Edun stressed the importance of NDIC’s role in the financial sector, describing the agency as a key pillar in Nigeria’s economic framework.
“The NDIC is a vital component of our financial safety-net. Its role in protecting depositors and maintaining banking sector stability cannot be overstated,” the minister said. “We expect you to bring in your expertise and leadership to drive the reforms needed to support Nigeria’s journey to economic recovery and growth.”
He assured them of the Ministry’s full backing in achieving their mandate.
Speaking on behalf of the management, Mr. Sunday thanked President Bola Ahmed Tinubu for the opportunity to serve, and pledged the team’s commitment to delivering on their responsibilities.
“We are deeply honoured by this appointment and ready to meet the expectations of the President and the nation,” Sunday said. “Our goal is to uphold depositors’ trust, strengthen the NDIC’s operations, and contribute meaningfully to financial system stability.”
The new appointments come at a time of ongoing reforms in Nigeria’s financial sector, with renewed focus on transparency, institutional performance, and economic resilience. Stakeholders are hopeful the new leadership will reposition the NDIC for greater impact.
@2025 The Ameh News: All Rights Reserved
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
