The Nigerian Senate has confirmed Mr Thompson Oludare Sunday for appointment as Managing Director and Mr Kabir Katata as Executive Director, Nigerian Deposit Insurance Corporation (NDIC).
Their confirmation, followed consideration and adoption of report of Committee on Banking, Insurance and other Financial Institutions at plenary.
The report was presented by Chairman of the Committee, Senator Abiru Adetokunbo (APC-Lagos).
Senator Adetokunbo in his report said the committee at the end of screening of the nominees noted that the appointments of Sunday and Katata were in accordance with the provisions of the NDIC Act of 2023.
He said the two nominees performance during the screening was indicative of their qualifications and suitability for appointments as managing director and executive director of the NDIC.
According to him, the nominees posed the expertise, knowledge and professional experiences to be appointed as managing director and executive director of NDIC.
Senator Adetokunbo said there was no petitions received against their nominations, adding that they have been cleared by the DSS.
He said the committee after robust engagement with the nominees and being satisfied with their experiences, performance and academic qualifications, hereby recommend that Senate do confirm their appointment.
Deputy President of Senate, Senator Barau Jubrin,who presided plenary commended the committee for the screening, saying that confirmation of the nominees has resulted in proper structure of the board of NDIC.