NewStats: 3,265,076 , 8,185,583 topics. Date: Friday, 13 June 2025 at 11:39 AM 5e66a

[/b]There was an omission' -- NDIC chair says Buhari signed 'wrong' bill reenacting agency's role[b]

Abdulhakeem Abdullateef, new board chairman of the Nigeria Deposit Insurance Corporation (NDIC), has asked President Bola Tinubu to probe the age of the NDIC Act, 2023.

On May 26, Former President Muhammadu Buhari signed the NDIC (repeal and reenactment) bill of 2023 into law.

The new act repeals the NDIC Act, 2006 and makes the NDIC the insurer of all insurable deposit liabilities of insured institutions.

In a Facebook Live session on Monday, the NDIC chairman alleged that the bill assented to by the former president had certain sections that were not included in the version ed by the national assembly.

Abdullatteef’s session was captioned ‘Even If You Will Kill Me, I Will Tell Nigerians My Mind’.

Abdullateef, a former Lagos state commissioner for home affairs, said under the new law, the president is not allowed to appoint a managing director for the agency.

He said only the governor of the Central Bank of Nigeria (CBN) was handed the responsibility of recommending someone to take up the position of the NDIC managing director.

“NDIC stinks. There is a lot of rot going on. They say ‘When you fight corruption, corruption fights you’. This is the purported new act of the NDIC and I tell you for nothing that this is ‘Emefiele’s act’. Here, they have taken away the powers of Mr President in respect of the NDIC,” he said.

“This document that was signed is materially different from the vote and proceedings of the National Assembly that ed it.”

Abdullateef, who wept during the session, said the NDIC should be a fully independent agency, not under the thumb of the CBN.

“I want Mr President not to act on this law until it is probed. Probe the age of this law. Probe the inclusion of section 7 which takes away the right of ministry of finance, which takes away the responsibility of ministry of finance and replaced it with two directors from CBN,” he said.

“Probe why what is ed is fundamentally different from what was assented to. Probe what happened between the time the senate ed it and the house of representatives ed it and there was no divergence.

“Under the law, do you know the status of this new act? It is null and void. Anytime Mr President assents to a bill that is materially different from what was ed by the senate and the house of reps, it means there was a material omission and the law was not matured for assent.

“There is a need for the new istration to return this act to the National Assembly when it is proclaimed. They should investigate it and allow National Assembly to debate.

“Mr President, don’t act on the new NDIC Act.”

https://www.thecable.ng/there-was-an-omission-ndic-chair-says-buhari-signed-wrong-bill-reenacting-agencys-role/amp

All all our Leaders know the gospel truth about Nigeria. Because they all feed from it

The NDIC is an of the CBN and as such is not out of place for the CBN governor to appoint the DG of the NDIC. This is because the CBN is Apex bank responsible for the supervision of financial institutions in the country

This doesn't in anyway undermine the presidency

Buhari will just be shaking his head at home now

One Nigeria IPOB should flee

Senioreddy:
The NDIC is an of the CBN and as such is not out of place for the CBN governor to appoint ....

The op said "recommend", and not the "appoint" that you conveniently changed it to!

He said only the governor of the Central Bank of Nigeria (CBN) was handed the responsibility of recommending someone to take up the position of the NDIC managing director.

If the governor of the Central Bank of Nigeria is recommending, it must be to someone who does the appointing, and I'd expect that to be the president unless you know otherwise.

Senioreddy:
The NDIC is an of the CBN and as such is not out of place for the CBN governor to appoint the DG of the NDIC. This is because the CBN is Apex bank responsible for the supervision of financial institutions in the country

This doesn't in anyway undermine the presidency

Thank you for this.

I think there's a deliberate campaign to finish off Emefiele. But, one must understand that Emefiele never acted alone. He got approvals from the president and until the Buhari is arrested and prosecuted, all these will be regarded as political vendetta

😂😂😂

Lol

Abdullateef, a former Lagos state commissioner for home affairs

That's all I need to know

Thank you Jesus

Buhari do us strong thing asweardown

.

A house built on lies, deciet, greed and innocent blood hardly progress.

Nigeria needs a redefinition, genuine reconciliation and rebuilding to progress. What we have presently is a sinking ship that may sink at any time.

God will not stop to expose you evil people

🤣🤣🤣

No be Buhari?

Is it not that clueless aboki who doesn't even know where to sign. Why will aboki not sign anywhere or anything they point to him to sign?
The dumbo can even sign his own death warrant without knowing, so I am not surprised.

A Clueless President that doubled as Petroleum Minister and in 8yrs, he can not point to a single positive thing that he can say he did in that sector. Rather, under his supervision the petroleum ministry was a collosal cess pit of corruption and inefficiency.

May Allah bless and guide this man!

I watched the video of the expositions yesterday!
It was really eye opening and I'm not really flabbergasted. Many evils were being perpetrated by some sets of cabals almost everywhere!

Even among we masses, cabal plenty!

This is one quality of a good Muslim.

Allah says “Help you one another in Al-Birr & At-Taqwa (virtue, righteousness and piety); but do not help one another in sin and transgression. And fear Allah, verily Allah is Severe in punishment”. (Al-Maaidah 5:2).

May Allah expose & crush all evil people/cabals in government and among us the governed!

Watch the video to hear the narratives of how it was doctored.

NDIC Bill ed by National Assembly was different from what was consented by the President

I never expected anything different

Imagine

Even if you kill me, I'll tell Nigerians the truth!


https://www.youtube.com/watch?v=TKzVf-azT_E

BUHARI WEY NO GET CERTIFICATE 🙄

how can he decipher 😆😆

Emefielele na badt guy

If it is made of metal i your number one plug

The whole 8yrs was an ommissive government.

Starting from the day he was elected in 2015

Stupid people in power

SPIP

Chai these people are illiterates

They should never be allowed near Aso Rock again

What do you expect

If you watch the guys video, you will withdraw your money from Microfinance Banks cos as it stands the bill they gave Buhari to sign 2 dys before leaving office was padded by some banking cabals which put your deposits at risk,. How csn Buhari sign a sensitive bill like that shows how incompetent he is.
The chairman said there are many petitions before him from bank customers. The bill needs to be probed. This man is the kind of leaders Nigeria need

How did the President sign a Bill that was materially different from what the national assembly ed.

Did the President 's SSA on National Assembly matters or whoever was responsible not scrutinise the document they presented Mr Buhari to sign

You can't blame the former President for this. No President sits down to read 15 or 20 pages of a bill before he signs. That's the job of his aids.

His advisers failed him.

who took the bill to him? slump dog

NDIC is an independent body.

Senioreddy:
The NDIC is an of the CBN and as such is not out of place for the CBN governor to appoint the DG of the NDIC. This is because the CBN is Apex bank responsible for the supervision of financial institutions in the country

This doesn't in anyway undermine the presidency

Buhari himself is the WRONGEST mistake Nigeria ever made.

even his own party,
his successor
his ers
his wife
his handlers
his state

in short everyone is disappointed in him