The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has tasked the new management team of Nigeria Deposit Insurance Corporation, NDIC, to bring their diverse wealth of experience to bear on their new assignment.
Assuring the ministry’s full support in the task ahead, Edun noted the critical role of the NDIC in the nation’s march to economic stability, financial safety-net and prosperity.
He gave the charge at the inauguration of the new Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, NDIC, Mr Thompson Sunday and the Executive Director, Operations, Dr Kabir Sabo Katata, at the Ministry of Finance, Abuja.
The new Managing Director of the NDIC, Sunday, in his reaction, pledged the readiness of the management under his leadership to live up to the expectations of the president in the discharge of their duties.
While addressing the NDIC staff at the corporate headquarters, Sunday promised to work in harmony with them to move the Corporation to its next level performance.
He said, ‘‘Management’s focus would be based on the public policy objectives, functions and mandate devolved on the Corporation by the enabling law that established it’’.
Thompson Oludare Sunday is a seasoned financial expert with over 30 years of regulatory and supervisory experience. Having cut his teeth with the Central Bank of Nigeria (CBN) in 1989, he went ahead to acquire high-end knowledge in Central Banking, spending 24 unbroken years in banking supervision.
While his vast experience is in the regulation and supervision of licensed institutions, his deep expertise spans corporate governance, risk management and compliance as a veritable tool for ensuring the safety and soundness of institutions.