President Muhammadu Buhari has written to the Senate to confirm the reappointment of Umoru Ibrahim as the Managing Director/Chief Executive Officer of Nigeria Deposit Insurance Corporation, NDIC.
In the letter, which was transmitted to the Senate on Tuesday, the President said the decision to reappoint Umoru was in accordance with Section 5 subsection 4 and Section 8 subsection 3 of the NDIC Act 2004.
It would be recalled that Umoru Ibrahim was first appointed to head the nation’s main insurance agency in 2010 by former President Goodluck Jonathan.
Having finished his first tenure of 5 years in December 2015, President Buhari reappointed him January 2016 in acting capacity as Managing Director.
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