Senate confirms Oludare Sunday, Kabir Kataka as NDIC MD, ED

The Senate has confirmed the appointments of Oludare Sunday and Kabir Kataka because the fresh Managing Director and Government Director of the Nigeria Deposit Insurance protection Corporation (NDIC).

The confirmation took quandary right through Thursday’s plenary, following the presentation of a represent by the Senate Committee on Banking, Insurance protection, and Varied Monetary Institutions, chaired by Senator Adetokunbo Abiru (APC, Lagos East).

Presenting the committee’s findings, Abiru told the Senate to approve the nominations, declaring, “The Senate got and regarded because the represent of the Committee on the confirmation of the nominations for appointment as Managing Director and Government Director of the Nigerian Deposit Insurance protection Corporation.”

President Bola Tinubu had forwarded the nominees’ names to the Senate in Could well well also for screening and confirmation per statutory requirements.

The Senate President, Godswill Akpabio, read the President’s request on the flooring, after which the nominations possess been referred to the connected committee for overview.

Following Thursday’s confirmation, Oludare and Kataka are expected to abruptly settle on their roles at the NDIC, a key institution in safeguarding Nigeria’s banking system and depositor funds.

Their appointments are considered as share of broader efforts to present a boost to financial sector stability in the nation.