The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated the newly appointed management team of the Nigeria Deposit Insurance Corporation (NDIC), urging them to uphold the trust of Nigerians and enhance the resilience of the nation’s financial system.
At a brief ceremony held in Abuja on Saturday, Edun introduced Thompson Oludare Sunday as the new Managing Director/Chief Executive Officer, and Dr. Kabir Sabo Katata as Executive Director of Operations.
The minister commended the newly appointed executives, describing their selection as a reflection of their competence and depth of experience. He charged them to focus on protecting depositors’ funds, deepening public confidence in the banking sector, and contributing to the broader economic agenda of the Tinubu administration.
“This appointment is a call to national service,” Edun said. “Your role is crucial in safeguarding the financial system, especially in ensuring that depositors’ interests are well protected.”
Responding on behalf of the new management, Mr. Sunday expressed gratitude to President Bola Tinubu for the opportunity to serve. He assured stakeholders of the team’s commitment to transparency, professionalism, and efficiency in discharging their duties.
“We understand the weight of this responsibility, and we are fully prepared to deliver results that will strengthen the NDIC’s role in Nigeria’s financial landscape,” he stated.
The inauguration marks a fresh chapter for the NDIC, a key institution in Nigeria’s financial safety net framework, tasked with guaranteeing deposits and supervising insured financial institutions.