Tinubu seeks senate’s confirmation of Oludare Sunday as NDIC MD

President Bola Ahmed Tinubu has asked the senate to confirm Thompson Oludare Sunday as the managing director of the Nigeria Deposit Insurance Corporation (NDIC). Tinubu also nominated Kabir Sabo Kataka as the executive director in the NDIC. Senate President Godswill Akpabio read the president’s letter during the plenary on Wednesday. Akpabio referred the nominations to […]

President Bola Ahmed Tinubu has asked the senate to confirm Thompson Oludare Sunday as the managing director of the Nigeria Deposit Insurance Corporation (NDIC).

Tinubu also nominated Kabir Sabo Kataka as the executive director in the NDIC.

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

Akpabio referred the nominations to the senate committee on banking, insurance and other financial institutions.

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He said the committee should carry out further legislative work and report back as soon as practicable.

The development is coming after allegations that the president’s past appointments had favoured his tribe.

It could be recalled that  in March, the presidency made some key appointments in the country’s economic sector which many analysts say didn’t come as a surprise as they followed a particular pattern that conforms to allegations that under the current administration, a particular section of the country- the South-West, is dominating the economic landscape.

Then, President Tinubu confirmed the appointment of Shamseldeen Ogunjimi as Accountant-General of the Federation while the Central Bank of Nigeria (CBN) appointed 16 new directors as part of reforms within the apex bank.

Ogunjimi, like President Tinubu, hails from Lagos State, and took over from  Oluwatoyin Madein, who is from Ogun State and  from the same geopolitical zone and ethnic group as the president.

Of the 16 new directors at the apex bank, eight are of the same ethnic affinity while the remaining eight were picked across the remaining over 200 ethnic groups in the country.

Those that share one ethnic affinity, Yoruba, include Ojumu Adenike Olubunmi, Director, Medical Services; Makinde Kayode Olanrewaju, Director of Procurement and Support Services; Isa-Olatinwo Aisha, Director of Consumer Protection; Yusuf Rakiya Opemi, Payments System Supervision; Vincent Monsurat Modesola, Strategy Management and Innovation;  Akinwunmi Akinniyi; Banking Supervision; Adedeji Sikiru, Currency Operations and Branch Management; and Solaja Olayemi, Other Financial Institutions.

Others from other ethnic nationalities are Abdullahi Hamisu, Director of Banking Services; Jide-Samuel Omoyemen Avbasowamen; head, Information Technology; Sike Ijeoma, head, Financial Policy and Regulation, while Monetary Policy Formulation will be overseen by Oboh Victor Ugbem. Nakorji Musa is to head Trade and Exchange; Farouk Muhammad, Reserve Management; Hassan Umar, Development Finance Institutions Supervision (OFISD); and Okpanachi Moses, Director of Statistics.

This, coupled with the previous appointees from the South-West zone, has raised the question of ethnic favouritism at the expense of other parts of the country and has made the president’s economic team to appear lopsided.

This tendency was noticed very early in the life of the current administration when the president named Yemi Cardoso as the governor of the Central Bank of Nigeria and Zacheus Adedeji as the chairman of the Federal Inland Revenue Service (FIRS). All of them are Yoruba from the South-West.