Senate removes CBN power to appoint CEO of NDIC

Senate removes CBN power to appoint CEO of NDIC …C0NTINUE READING HERE >>>

The Central Bank of Nigeria, CBN has been stripped of its power to appoint the CEO of the Nigerian Deposit Insurance Corporation, NDIC.

Nigerian Senate on Tuesday stripped the CBN its power through an amendment of the Bank Deposit Regulator’s Principal Act.

This followed a report submitted to the upper legislative Chamber by the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Mukhail Adetokunbo Abiru which was debated on…

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