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Liaise with National Assembly to facilitate amendment of NDIC Act 2006 — Finance Minister

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By Matthew Denis Abuja

The Minister of Finance, Budget and National Planning, Dr. Zainab Shamsuna Ahmed has tasked on the Management  of the Nigerian Deposit Insurance Corporation (NDIC) to liaise with the National Assembly to facilitate the amendment of the NDIC Act 2006.

She made the disclosure while inaugurating the new Executive Director (Corporate Services) of the Corporation, Mrs. Emily Chidima Osuji in Abuja on Thursday.

The Minister said, “I congratulate the new Executive Director (Corporate Services), Mrs. Osuji for being found worthy by Mr. President to be appointed to this highly exalted position and for her subsequent confirmation by the Senate of the Federal Republic of Nigeria in line with Section 5(2) and (4) of the NDIC Act, 2006.

“I wish to seize this opportunity to once again draw the attention of the Members of the Board 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 to liaise with the National Assembly to facilitate the amendment of the NDIC Act 2006 as the Ministry is ready and willing to assist in any direction.

“Request that the Management would give a special brief on the issues that arose on the recently amended Banks and Other Financial Act (BOFIA) 2020; and  should continue to provide good working conditions and equip staff to carry out the mandate of the Corporation even in difficult circumstances like during the COVID 19 pandemic.

“Members to note that there are guidelines, regulations and Circulars that guide the operation and conduct of Governing Boards of Federal Government Parastatals, Agencies and Commissions and should be strictly adhered to – Frequency of meetings; entitlements of Board members, Travel guidelines and related matters.”

The Minister who inaugurated the Executive Director (Corporate Services) of NDIC charged her to bring her vast wealth of experience to bear in discharging her responsibilities.

Ahmed revealed that the Executive Director (Corporate Services) is taking over from Honourable Omolola Abiola-Edewor who served a two-term tenure, from 2012 – 2022. As Minister with supervisory responsibility over the Corporation, I am glad to state that she contributed enormously in her capacity as the Executive Director (Corporate Services) in nurturing the Corporation to the enviable height it has attained in the Nigeria Financial System.

“The Ministry is deeply grateful to Honourable Abiola-Edewor, the former Executive Director (Corporate Services) for her contribution to the NDIC and indeed to the Financial Services Subsector of the Nigerian Economy.

“Let me also at this point commend the Chairman, and members of the Board of Directors for the effective discharge of the functions of the Board of the Corporation. The feedback I receive from both official and unofficial sources show that the Board has good understanding of its role which it discharges diligently. I urge the Board to maintain the momentum.

“Let me at this point commend Mr. President for the excellent choice of the Executive Director (Corporate Services) for this position. As already known by many, Mrs.  Osuji, the new Executive Director (Corporate Services) until her appointment was the Director, Asset Management Department.”

“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. These I have no doubt enabled her to hit the ground running.”

According to her the Corporation 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.

She stated that the Corporation has been consistent in remitting its 80% operating surplus to the Consolidated Revenue Fund of the government among many other milestones achieved while urging them to keep this good track record.

Mrs. Osunji while acknowledging the new responsibility assured the Minister and her colleagues in the Corporation that she will redouble her effort  towards taking the Organization to greater height.

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‘Tinubu paying fuel subsidy more than before’ – El-Rufai

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The former governor of Kaduna State, Mallam Nasir El-Rufai, has claimed that the President Bola Tinubu-led Federal Government is currently subsidising fuel for Nigerians.

Fielding questions from journalists in Maiduguri, the Borno State capital, on Monday, El-Rufai said the FG is now paying fuel subsidy more than before.

President declared during his inauguration on May 29, 2023, that the country can no longer subsidise fuel for the citizens, saying the petrol subsidy is gone.

The development skyrocketed the price of fuel and other products and services, triggering the economic hardship that has been bedevilling the nation since 2023.

But the former governor told journalists on Monday that the subsidy is back.

According to him, the FG returned the subsidy because “the impact has been seen and the packages of support that would reduce the impact have not been so effective in reducing the impact, so the federal government is back now subsidising petrol.”

He said many people don’t know that the fuel subsidy is back.

“If they want to know whether we are subsidising or not, they should compare the price of petrol and diesel because petrol should be more expensive than diesel but diesel is priced above a thousand naira while petrol is at N600 per litre.

“So, we are still subsidising Petrol because the government has realised that the way it implemented the fuel subsidy initially required some adjustments,” El-Rufai said.

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Clark calls for special taskforce for release of Chibok girls

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Pa Edwin Clark, Leader of  the Pan Niger Delta Forum (PANDEF), has urged the Federal Government to appoint a special taskforce to ensure the rescue of the remaining Chibok girls held by Boko Haram

The elder statesman made the call while briefing newsmen in Abuja on Monday at a ceremony to mark the Chibok girls’ 10th anniversary in captivity.

While expressing displeasure over the failure of past administrations to rescue the girls, Clark urged President Bola Tinubu to leave no stones unturned to secure the release of the girls.

“About 90 of them are still missing after 10 years. This should be a source of worry and concern to any government.

“Tinubu should appoint a special taskforce with brave soldiers, who are competent and transparent and not nepotic.

“Their main duty will be to travel at all times to Sambisa forest or where ever these citizens are, to look for these girls and rescue them.

“In giving this advice, I also want to add that a time limit should be given to them to carry out this task.”

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Oodua Nation Agitation: NSCDC puts personnel on red alert in Ondo

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Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, has ordered divisional officers and tactical teams to be on red alert and ward off any incursion into the state by Oodua nation agitators.

NSCDC Commandant in the state, Oluyemi Ibiloye, who stated this at the weekly muster parade where the corps’ operations during the last Eid-el Fitr celebration were reviewed, also ordered the teams to be on standby for other miscreants.

Ibiloye, in a statement made available to newsmen by the command’s Spokesperson, Aidamenbor Daniel on Monday in Akure, admonished officers to take positive posture toward their job.

He reminded the officers and men of the corps of the ongoing political activities within the state and the need to be professional and apolitical in their operations.

“The intelligence department, armed squad, counter terrorism unit, rapid response squad and operations are to be on red alert to ensure that the security breach that took place in Oyo State does not happen in Ondo State,” he said.

According to him, this has become imperative especially now that various political parties are having their rallies in the state, with mixed crowds in attendance.

“The command wishes to reiterate its commitment to safeguarding lives and properties, and ensuring the protection of critical national assets and infrastructure.

“We would do all within the ambits of the law to ensure the safety of all good and law-abiding citizens of Ondo State.

“For quick intervention and actionable intelligence sharing, the command’s quick response lines 08034027234, 08037871044 and 08032797388 are open for public use,” Ibiloye said.

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