By Oluwaseun Sonde
Nigerian Minister of Finance, Budget and National Planning, Zainab Ahmed has lauded the Nigeria Deposit Insurance Corporation for being among the few that consistently remitting its 80 percent operating surplus into the Consolidated Revenue Fund.
The Minister made this known when inaugurating the Executive Director (Corporate Service) of the Corporation, Mrs. Emily Chidinma Osuji at the Finance, Budget and National Planning Headquarter in Abuja on Thursday.
Ahmed described NDIC as an important component of the nation’s financial safety net which is at the forefront of activities that promotes financial system stability through its contribution to financial inclusion and other economic policies of government.
According to her, "The Corporation has been consistent in remitting its 80 per cent operating surplus to the Consolidated Revenue Fund of the government among many other milestones achieved. I urge you to keep this good track record".
She seized the opportunity to once again draw the attention of the board members and management to some of the issues which were highlighted at the inauguration of the Managing Director and the Executive Director (Operations) on 11th March, 2021 which are as follows:
"To liaise with the National Assembly to facilitate the amendment of the NDIC Act 2006.
"Secondly, requested to give a special brief on the issue that aroused in recently amended Banks and Financial Act 2020 and management should continue to provide good working conditions and equip staff to carry out the mandate of the Corporation even in difficult circumstances like during COVID 19 pandemic".
The Minister noted that there are guidelines, regulations and circulars that guide operation and conduct of Governing Boards of Federal Government Parastatals, Agencies and Commissions and should be strictly adhere to frequency of meetings; entitlements of board members, travel guidelines and related matters.
Ahmed congratulated Mrs Osuji for being found worthy of this position by President Muhammadu Buhari and urged the new Executive Director (Corporate Services) to bring her vast wealth of experience to bear in discharging her duties.
In her response, the new NDIC ED (Corporate Service), Mrs Osuji was delightful and grateful for being officially inaugurated, thanked President Buhari who appointed her to this position, the Finance Minister for making her resumption so simplest and championing the course of women.
Mrs Osuji pledged her commitment to continue to work hard to take NDIC to greater heights more than it has been and promised to fulfill her mandate by putting in more effort for the Corporation.
Giving the vote of thanks, the NDIC Board Chairman Mrs. Ronke Sokefun commended the Minister for bringing gender balance into the Corporation operations.
Mrs Sokefun also pledged to take the Corporation to the highest level by assuring the Finance Minister of an improved remittance of operating surplus into Consolidated Revenue Fund.
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