Tuesday, 5 January 2016

SHOCKING! Jonathan’s Man Receives Re-Appointment From President Buhari

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.

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.

The Nigerian president inaugurated 36 ministers into his cabinet five months after assuming the office.

The leader of the nation has been criticised for taking until September to name his ministers at a time when the economy has been badly hit by the fall in oil prices.