Senate confirms Hassan, Ibrahim as NDIC’s MD/CE, ED

The Senate on Wednesday confirmed the nomination of Messrs Bello Hassan and
Mustapha Mohammed Ibrahim as Managing Director/Chief Executive and
Executive Director (Operations) of the Nigeria Deposit Insurance
Corporation (NDIC) respectively.
Presenting the report on screening of the nominees to the Plenary,
Chairman of Senate Committee on Banking, Insurance and Other
Financial Institutions, Sen. Uba Sani informed the Senate that his
committee established that the two appointments were in accordance
with Sections 54 and 83 of the NDIC Act No 16 of 2006 as amended. He
also said his committee found out that both Hassan and Ibrahim
possessed the required technical knowledge, academic qualifications and
professional experience to serve as MD/CE and ED (OPs) of NDIC
respectively.
When the Senate President, Sen. Ahmed Lawan presented the
nominations to the Committee of Whole for vote, they were unanimously
endorsed and consequently confirmed. While formally announcing the
confirmation, the Senate President congratulated the two appointees
and wished them well in their endeavours.
It would be recalled that President Muhammadu Buhari on December 18
forwarded the names of Hassan and Ibrahim as NDIC’s MD/CE and (ED
(OPs) nominees respectively to the Senate for screening and
confirmation.
Before his appointment as NDIC’s MD/CE, Hassan was the Director,
Banking Supervision Department of the Central Bank of Nigeria (CBN), a
position to which he was appointed in February, 2020. Prior to that, he
served in the Operations Directorate and as Director, Other Financial
Institutions Department of the Apex Bank.

A seasoned and consummate bank examiner of over three decades,
Bello joined the services of the CBN in 1990 after a stint with the Katsina
State Ministry of Finance.
At the CBN, Mr. Hassan also represented the apex bank on the board of
different flagship public Corporations including the NDIC, Assets
Management Corporation of Nigeria (AMCON), Financial Institutions
Training Center (FITC), FMDQ Clear Ltd., and Governing Council of the
Chartered Institute of Bankers of Nigeria (CIBN).
The new NDIC Boss was a 1988 B.Sc. (Hons) Accounting graduate from
the Ahmadu Bello University (ABU) Zaria. He also consolidated his
academic career with a corresponding MBA from the same university in
2006; in addition to a Diploma in Business Continuity Management from
Coventry University, UK. He is also a fellow of the Institute of Chartered
Accountants of Nigeria.