Buhari Re-Appoints Umaru Ibrahim

Umaru Ibrahim, the managing director/chief executive of the Nigeria Deposit Insurance Corporation (NDIC), will continue his tenure as President Muhammadu Buhari has re-appointed him for another five years.

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Umaru Ibrahim, the managing director/chief executive of the Nigeria Deposit Insurance Corporation

Ibrahim received his position from the former president Goodluck Jonathan.

He received a re-appointment letter on December, 31, 2015, and resumed his duties on January 4, Monday.

The Kano-born bureaucrat will till 2021 manage NDIC, an independent agency of the federal government of Nigeria.

Ibrahim is a northerner from Kano state.

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

Buhari’s appointments of some of his administration’s most key officials set off a firestorm of disapproval, with critics characterising the nominations as overwhelmingly lopsided, lacking in gender balance and regional equity.