Wale Edun, minister of Finance and coordinating minister of the Economy, has inaugurated the new managing director/Chief Executive Officer of the Nigerian Deposit Insurance Corporation (NDIC).
According to a press statement signed by Hawwau Gambo, head of Communications and Public Affairs Department, Mr. Thompson Oludare Sunday was officially inaugurated as the managing director/chief executive officer, alongside Dr. Kabir Sabo Katata, who assumes the role of executive director (Operations).
The inauguration took place at the Ministry of Finance, Abuja.
In his remarks, Edun urged the new management team to bring their diverse experience to bear in ensuring economic stability, while reaffirming the ministry’s full support in helping them achieve their mandate.
“As a component of the financial safety-net has a crucial role to play in the nation’s march to economic stability and prosperity,” he stated.
In response, Sunday assured the Minister of the management’s commitment to delivering on its responsibilities and expressed gratitude to President Bola Tinubu for the appointment.
He emphasised that the management’s approach would be guided by public policy objectives and pledged to drive seamless collaboration with the Corporation’s staff.
Thompson Oludare Sunday is a seasoned financial expert with over 30 years of regulatory and supervisory experience. His expertise spans corporate governance, risk management and compliance, key pillars for ensuring institutional safety and soundness.
Dr Kabir Sabo Katata, the new executive director (Operations), is a quantitative energy strategist and computational finance expert with extensive experience in power trading and risk management.
He joined the NDIC in 2012 as an Assistant Director in the Research, Policy, and International Relations Department and rose to the position of Director in January 2022 before his current appointment.
