The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has charged the new management team of the Nigeria Deposit Insurance Corporation (NDIC) to leverage their expertise in driving the organization's performance. The new management team includes Mr. Thompson Sunday as the Managing Director/Chief Executive Officer and Dr. Kabir Sabo Katata as the Executive Director, Operations.
Key Highlights
- *New NDIC Management*: The new management team was inaugurated at the Ministry of Finance in Abuja, with Mr. Edun assuring the ministry's full support in their new assignment.
- *Critical Role of NDIC*: The NDIC plays a vital role in Nigeria's economic stability, financial safety net, and prosperity.
- *Performance Expectations*: Mr. Sunday pledged to live up to expectations and work harmoniously with NDIC staff to move the corporation to its next level of performance.
Background of New NDIC MD
- *Experience*: Mr. Thompson Sunday is a seasoned financial expert with over 30 years of regulatory and supervisory experience, having worked with the Central Bank of Nigeria (CBN) for 24 years.
- *Expertise*: His expertise spans corporate governance, risk management, and compliance, which will be valuable assets in ensuring the safety and soundness of financial institutions ¹.
