A former Lagos State Commissioner for Home Affairs, Hon. AbdulHakeem AbdulLateef,, has been appointed as the Board Chairman of Nigeria Deposit Insurance Corporation (NDIC).

President Muhammadu Buhari who gave his nod to the reconstitution of the board approved the appointment of the Lagos state ex commissioner.

Buhari also approved the appointment of some new members and the reappointment of some existing members to the NDIC Board.

A statement from the Federal Ministry of Finance, Budget and National Planning said the new appointments and reappointments had become necessary “to avoid vacuum”.

Other new appointees include Prof. Osita Ogbu, Umar Gambo Jibrin, Mohammed Attahiru Haruna, Yasmin Zabath Dalhatu; Simon Ogie, and Abimbola Olashore.

The reappointed members are: Bello Hassan, Managing Director; Mustapha M. Ibrahim, Executive Director Operations; and Mrs. Emily Osuji, Executive Director Corporate Services.