Buhari appoints new Board for NDIC

• Published date: 10 January 2023
• Publication title: Nigeria - The Nation

President Muhammadu Buhari has approved the reconstitution of the Board of the Nigeria Deposit Insurance Corporation (NDIC).

He has also approved the appointment of some new members and reappointment of some existing members to the Board.

NDIC operates a semester system for its Board. Therefore, the Board stands dissolved at the end of the tenure of the first appointment. As a result, the appointment of the existing members of the Board whose four-year term became effective on December 9, 2018 expired last December 9.

The board has five members whose membership is by virtue of institutional or Office representation in line with the provision of Section 5 (2 c and d) of the NDIC, Act, 2006.

A statement from the Federal Ministry of Finance, Budget and National Planning said the new appointments and...