Tinubu Appoints Experts into NDIC — Lado Presents Nominees to Senate for Confirmation.
By Raymond Enoch
In a strategic move aimed at bolstering Nigeria’s financial system and restoring public confidence in the banking sector, President Bola Ahmed Tinubu has nominated two financial experts for top leadership positions at the Nigeria Deposit Insurance Corporation (NDIC).
Senator Basheer Lado, Special Adviser to the President on National Assembly Matters (Senate), on Tuesday June 24th , 2025 officially presented the names of the President’s nominees to the Senate Committee on Banking, Insurance, and Other Financial Institutions for screening and confirmation.
The nominees are:
Dr. Thompson Oludare Sunday as Managing Director and
Dr. Kabir Sabo Katata as Executive Director
Presenting the nominees, Senator Lado emphasized the significance of their appointments, stating that the President is deeply committed to “reforming and repositioning the financial sector through credible and experienced leadership.”
“These nominations are based on proven competence, deep sectoral experience, and a shared vision with the President to promote financial stability, protect depositors, and strengthen the public’s trust in the banking system,” he said.
The session was chaired by Senator Tokunbo Abiru, who lauded Senator Lado’s role as a key conduit between the executive and the legislative arms of government. He assured that the committee will conduct a transparent and rigorous screening process in line with legislative standards and will make appropriate recommendations to the Senate for confirmation.
The NDIC, one of Nigeria’s principal financial regulators, plays a vital role in safeguarding depositors’ funds and maintaining public confidence in the banking system. With mounting pressure to consolidate reforms and curb instability in the financial sector, the nomination of seasoned technocrats is viewed as a timely and strategic intervention.
Economic analysts have welcomed the nominations, citing the urgent need for focused leadership amid global financial uncertainties and domestic economic reforms.
The nominees are expected to appear before the committee in the coming days, where their qualifications, vision, and commitment to financial system integrity will come under legislative scrutiny.
President Tinubu’s administration continues to signal its reformist agenda with high-stakes appointments in key financial institutions. If confirmed, Dr. Sunday and Dr. Katata will lead the NDIC at a critical juncture, where trust, innovation, and regulatory oversight must intersect to protect Nigeria’s banking ecosystem and drive investor confidence.
