
The newly appointed board chairman for the Nigerian Deposit Insurance Corporation, NDIC, Abdulhakeem Abdullateef, has said he would be prudent in the management of the agency’s resources.
Mr Abdullateef disclosed this in a post in his verified Facebook account.
The former Lagos lawmaker and commissioner, said he is ready to lose friends and relationships to be a “model for zero tolerance for corruption and lawlessness.”
“I will not award any contract throughout my tenure because that is not a part of my responsibilities,” he wrote, adding that he won’t interfere in the functions of the management of the insurance regulator.
“I am just a leader whose primary assignment is to LEAD the Governing Board of NDIC in good corporate governance and best practices in accordance with established rules and regulations. I will not do otherwise,” Mr Abdullateef, an Islamic cleric, added.
President Muhammadu Buhari on May 17, 2023, appointed Mr Abdullateef to serve as the chairman of the board of NDIC following the confirmation of the board members by the senate.
In his statement, Abdullateef noted that he is neither excited nor celebrating his new feat.
“My appointment and confirmation as NDIC Chairman is a trial from my Lord and not a success yet. Kindly reserve the congratulatory messages until the day I succeed in leaving this organisation better than I met it,” said the Lagos-based Islamic cleric.

