NewStats: 3,263,865 , 8,181,647 topics. Date: Sunday, 08 June 2025 at 11:08 AM 4e5u5p

President Bola Tinubu has requested the Nigerian Senate to consider and confirm the nomination of Thompson Oludare Sunday as the Managing Director (MD) of the Nigeria Deposit Insurance Corporation (NDIC).

In a related development, he also asked the upper chamber to confirm the nomination of Kabir Sabo Kataka for the position of Executive Director in the corporation.

Senate President, Godswill Akpabio, read the President’s letter during plenary on Wednesday.

After reading the letter, Akpabio referred the request to the Senate Committee on Banking, Insurance, and Other Financial Institutions for further legislative work and to report back as soon as practicable.

The NDIC’s function is to protect depositors and guarantee the settlement of insured funds when a deposit-taking financial institution can no longer repay its deposits, thereby helping to maintain financial system stability.

For instance, during the saga of the Heritage Bank liquidation, the Nigeria Deposit Insurance Corporation (NDIC) assured depositors at the bank that it was already in the process of refunding them.

During a press briefing, the then Managing Director of NDIC, Bello Hassan, had said the corporation would not take 30 days as stipulated by law but would settle customers within one week, while also outlining the repayment process.

The CBN had then revoked the licence of Heritage Bank over its inability to improve its financial performance.

“The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability,” the CBN had said.

https://saharareporters.com/2025/05/28/tinubu-seeks-senates-approval-oludare-new-managing-director-nigerian-corporation-ndic

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And the president want to plunge the country into =N=100trillion debt deficit. the money they make from VAT/Tax isn't enough but to keep borrowing for money to fuel their 2027 ambition. Borrow Borrow make am rich country.

YORUBA lokan. All those who call me names, should life doesn't last forever. Time fly like air.

THOMPSON OLUDARE SUNDAY as managing director of NDIC,this tribal president is actually irredeemable. If is not YORUBA,then you are not qualified,others can only be considered to deputize or head some irrelevant organizations.
Never in the history of this country have such an ethnic chauvinist govern the country,not even Buhari the Fulani supremacist was this ruthless.

Nawa Nlfpmod.

ok

Oludare is not Yoruba. He is from Jama'are LGA in Bauchi State

Noted.

Oludare is from kogi so he is technically a Northerner....

You all crying Yoruba Appointment Buhari did worst

Enjoy yourself, my brother.

Na una turn
Na una presidency.


When another person turn come, no cry ooo

For those of you backing this nepotism, did he swore to take revenge or serve the nation, some people talk as if their brains have been replaced with clay.

Judolisco:
Oludare is from kogi so he is technically a Northerner....

What is the northern origination of the name

ogododo:


https://saharareporters.com/2025/05/28/tinubu-seeks-senates-approval-oludare-new-managing-director-nigerian-corporation-ndic

What is the difference? Sending it to the Senate or not is the same thing. They don't even think about it before approving it. So going go on, dont bother to send it to them, just do your thing. just de do your thing de go, nothing go happen

Omoluabi....wailers Oya,...

We don't care. He should make sure say, he go with them come 2027.

Government of Yoruba for the Yoruba by the Yoruba !!
Renewed Hope Indeed

He told you already he is continuing from where Buhari stopped.

phemmie06:





What is the northern origination of the name

what has names got to do with geographical regions? There are yorubas indigenous to kogi state.... We have Yorubas in kwara as well and kwara is also a Northern state.... Infact 90% of kwarans speak Yoruba

Wait till you see who Baba go endorse come ,2031.

Una go shock to see northern Christian. Samson from borno state.

Even some of us who are his ardent ers know that his nepotism is indefensible.

It's painful to unravel.

All of the appointments into key MDAs done by the Mr. President from the South West are all Yoruba Christian, the marginalisation of Yoruba Muslim is too much..there is need for Balance in the region


BOA
EFCC
BOI
FMBN
NDIC
PENCOM
etc

Are all dominated by Yoruba Christains

AustineE1:
THOMPSON OLUDARE SUNDAY as managing director of NDIC,this tribal president is actually irredeemable. If is not YORUBA,then you are not qualified,others can only be considered to deputize or head some irrelevant organizations.
Never in the history of this country have such an ethnic chauvinist govern the country,not even Buhari the Fulani supremacist was this ruthless.

It means you have a very short memory, Buhari is the worst thing that happened to Nigeria's history.

I'm not a er of Tinubu but Buhari is a great ethnic and religious bigot!

Judolisco:
what has names got to do with geographical regions? There are yorubas indigenous to kogi state.... We have Yorubas in kwara as well and kwara is also a Northern state.... Infact 90% of kwarans speak Yoruba

So in other words, saying Oludare is Yoruba is correct; right?

AustineE1:
THOMPSON OLUDARE SUNDAY as managing director of NDIC,this tribal president is actually irredeemable. If is not YORUBA,then you are not qualified,others can only be considered to deputize or head some irrelevant organizations.
Never in the history of this country have such an ethnic chauvinist govern the country,not even Buhari the Fulani supremacist was this ruthless.

Tinubu was clear on the day he was collecting his certificate of return that he will form the government of national competence. The question is are these people qualified?. Moreso, people make recommendations when searching for people to hold some strategic Post. This guy recommendations will likely come from CBN governor or Some other experienced personality in Banking industry.

Look at how hurriedly emefele was appointed just to push Sanusi away and the next president refused to searched and look for a better person.

Since 1999, I have never imagined the tribe of people that were appointed but Thier performance is my concern, why people always worry I don't know.

Judolisco:
what has names got to do with geographical regions? There are yorubas indigenous to kogi state.... We have Yorubas in kwara as well and kwara is also a Northern state.... Infact 90% of kwarans speak Yoruba

You're right and could you please tell me the tribe they claim?

Just as we have Jumai, Dantata, Fulani, Hausa that are part of the Southwest and Yoruba speaking tribe in Anambra.

phemmie06:





You're right and could you please tell me the tribe they claim?

Just as we have Jumai, Dantata, Fulani, Hausa that are part of the Southwest and Yoruba speaking tribe in Anambra.

he is a Yoruba man from the north... Is tinubu not from the south west?

TheRealestGuy:


So in other words, saying Oludare is Yoruba is correct; right?

yes he is a Yoruba man from the north

2el:
All of the appointments into key MDAs done by the Mr. President from the South West are all Yoruba Christian, the marginalisation of Yoruba Muslim is too much..there is need for Balance in the region


BOA
EFCC
BOI
FMBN
NDIC
PENCOM
etc

Are all dominated by Yoruba Christains

Una don start again o, which one be Yorubaaa Christian again ?