The Senate today confirmed the nomination of Messrs Bello Hassan and Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and Executive Director (Operations) of the Nigeria Deposit Insurance Corporation (NDIC) respectively.
Presenting the report on screening of the nominees to the Plenary, Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Uba Sani, told the legislators in the Red Chamber that the committee established that the two appointments were in accordance with Sections 54 and 83 of the NDIC Act No 16 of 2006 as amended.
In addition, he reported that the committee found out that both nominees possessed the required technical knowledge, academic qualifications and professional experience to serve as MD/CE and ED (OPs) of NDIC respectively.
When the Senate President, Sen. Ahmed Lawan, presented the recommendations of the Committee of whole house for vote, they were unanimously endorsed and consequently confirmed.
Following their confirmation, the Senate President congratulated the two appointees and wished them well in discharging their responsibilities.
It would be recalled that President Muhammadu Buhari had on December 18 forwarded the names of nominees to the Senate for confirmation.
Before his appointment as NDIC’s MD, Hassan had served as the Director, Banking Supervision Department of the Central Bank of Nigeria (CBN), since February, 2020. Prior to that time, he served in the Operations Directorate and as Director, Other Financial Institutions Department of the
A seasoned bank examiner with over three decades of cognate experience, Bello joined the services of the CBN in 1990 after a stint with the Katsina State Ministry of Finance.
At the CBN, he also represented the apex bank on the board of different flagship public corporations, including the NDIC, Assets Management Corporation of Nigeria (AMCON), Financial Institutions Training Center (FITC), FMDQ Clear Ltd., and Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN).