Minister of Finance, Wale Edun (3rd left), and Minister of State for Finance, Dr. Doris Uzoka-Anite (2nd right), in a group photograph with NDIC MD/CEO Mr. Thompson Sunday (1st left) and ED (Operations) Dr. Kabir Katata (1st right) during their inauguration in Abuja
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has officially inaugurated the new leadership of the Nigeria Deposit Insurance Corporation (NDIC), urging them to strengthen the nation’s financial stability and depositor confidence.
In a brief ceremony held at the Ministry of Finance in Abuja, Edun welcomed Mr. Thompson Oludare Sunday as the new Managing Director/Chief Executive Officer of NDIC and Dr. Kabir Sabo Katata as Executive Director (Operations).
According to a statement by Hawwau Gambo, Head of Communications & Public Affairs at NDIC, the minister emphasized that the Corporation remains a vital component of Nigeria’s financial safety-net and a strategic instrument in the country’s economic transformation agenda.
“Your roles are central to maintaining public confidence in the banking system. I urge you to apply your expertise and integrity in advancing the NDIC’s mandate,” Edun said.
He assured the new management of the full backing of the Ministry of Finance as they begin their tenure, encouraging them to uphold transparency, professionalism, and innovation in their work.
Commitment to National Goals
Speaking on behalf of the new leadership, Mr. Thompson Sunday expressed gratitude to President Bola Ahmed Tinubu for the appointments and pledged the team’s readiness to deliver results.
“We appreciate the trust reposed in us. We are committed to ensuring NDIC continues to serve as a reliable pillar in the financial sector and contributes meaningfully to national development,” Sunday said.
Upon their return to the NDIC headquarters, staff received the new management warmly. Addressing the workforce, Sunday emphasized a collaborative and mission-driven approach.
“We will align with the Corporation’s founding mandate and uphold its values. Our focus is to reposition NDIC for optimal service delivery and long-term impact,” he said.
About the New Executives
Mr. Thompson Oludare Sunday is a seasoned financial expert with over 30 years of regulatory experience, primarily with the Central Bank of Nigeria (CBN). He joined the apex bank in 1989 and spent 24 years in banking supervision, rising to the position of Director before his retirement in 2021. He is highly skilled in corporate governance, risk management, and institutional transformation.
Dr. Kabir Sabo Katata, now Executive Director of Operations, is a quantitative strategist with expertise in energy markets, finance, and advanced analytics. He has over 28 years of multi-industry experience, including telecommunications, IT, petroleum, and finance. He joined NDIC in 2012 and became a Director in 2022, contributing significantly to research and policy.
Industry Reactions
Experts have commended the appointments, describing them as strategic and forward-thinking.
Financial analyst and policy expert, Dr. Ifeoma Okonkwo, noted:
“This is a technically sound team. Their depth of experience will be critical in reinforcing depositor trust and enhancing risk management across the banking sector.”
As the NDIC leadership begins its new journey, expectations remain high for improved regulatory oversight, enhanced depositor protection, and broader contributions to economic recovery efforts.
@2025 The Ameh News: All Rights Reserved
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
