NDIC Consistently Remits 80% Operating Surplus – Finance Minister

Minister of Finance, Budget and National Planning Zainab Ahmed has commended the Nigeria Deposit Insurance Corporation (NDIC) for consistently remitting its 80 per cent operating surplus to the consolidated revenue fund of the government among many other milestones achieved.

The minister said NDIC has become an important component of the nation’s financial safety net and at the forefront of activities that promote financial system stability through its contribution to financial inclusion and other economic policies of government.

“I urge you to keep this good track record,” the minister said yesterday at the inauguration of NDIC’s executive director, corporate services, Mrs Emily Chidinma Osuji at her office in Abuja.

The minister also mandated Osuji and the entire board to liaise with the National Assembly to facilitate the amendment of the NDIC Act 2006, saying the ministry is ready and willing to assist in any direction.
She also said that the management would give a special brief on the issues that arose on the recently amended Banks and Other Financial Act (BOFIA) 2020.
In her response, Osuji promised to be very committed to her job, while appreciating the minister for championing the cause of women.
“Me and my colleagues, we will take NDIC to greater height more than we met it,” Osuji said, with a promise to work harder to ensure the achievement of set goals of the corporation.
Mrs Osuji has spent 34 years as a staff of the NDIC. Until her appointment, she was the director, asset management department of the corporation. She is a seasoned administrator and enterprise risk manager and also has come with relevant cognate experience and knowledge of the workings of this organization.
Earlier, permanent secretary in the ministry of finance Mr Aliyu Ahmed said in view of the delicate functions NDIC performs, government ensures that appropriate persons are assigned to manage its affairs.
He assure her of the ministry’s support towards the continued delivery of her assignment.
Osuji was formally appointed as the executive director, corporate services of NDIC in February, 2022 by President Muhammadu Buhari.