President Muhammadu Buhari has approved the appointment of Lawal Sani Stores on the board of the Federal Inland Revenue Service (FIRS). The appointments were contained in a statement that was issued by the minister of finance, budget and national planning, Zainab Ahmed, yesterday.
Stores is to replace Ado Danjuma, who represented the North West Zone, and has now been recently appointed executive director in the Nigeria Security Printing and Minting Company Limited.
Also, President Buhari approved the reconstitution of the board of the Nigeria Deposit Insurance Corporation (NDIC) with the reappointment of old members and new members. The appointment of the existing members of the board whose four-year tenure which began on 9th December 2018 expired on 9th December, 2022.
The board has five other members whose membership is by virtue of institutional or office representation in line with the provision of Section 5 (2 c and d) of the NDIC, Act, 2006.
It becomes imperative to reconstitute the governing board the NDIC to avoid vacuum, ensure smooth operations of the corporation and ultimately boost the confidence of stakeholders and clients within the financial and banking sectors of the nation’s economy
The governing board is reconstituted through the appointment of five new members including the chairman to form a new board of directors to oversee the affairs of the corporation for the next four years.
“The appointment of some new members into the board is aimed at injecting fresh ideas necessary to reposition the corporation for enhanced performance,” the statement issued by the ministry said.
Those appointed into the board of the NDIC are Abdulhakeem Mobolaji Abdullateef who is chairman of the board. While Osita Ogbu, a professor, was appointed new member of the board, Umar Gambo Jibrin was reappointed as member; Yasmin Zabath Dalhatu; Mohammed Attahiru Haruna; Simon Ogie; Abimbola Olashore; and director of home finance in the ministry of finance, Muhammed Ali as members of the board.
Haruna Mustapha, director, banking supervision department, Central Bank of Nigeria); Bello Hassan, managing director member; Mustapha Ibrahim, executive director operations; and Ms. Emily Osuji, executive director corporate services.
Stores was born on March 11, 1956 in Katsina, Katsina State. He obtained Higher National Diploma (HND) in Business Studies from West Bromwich College of Commerce and Technology, England. He also attended Bayero University, Kano, where he obtained both Post Graduate Diploma (PGD) in Management, and Master in Business Administration (MBA) in Finance and Investment.
Further, Abdullateef, a lawyer, previously served as member, Lagos State House of Assembly Oshodi/Isolo Constituency II, before he was appointed Special Adviser to the Lagos State Governor on Political and Legislative Powers, then later as Commissioner for Home Affairs, Lagos State government.
He is a member of the Nigerian Bar Association (NBA) and holds LLB and LLM degrees from the University of Lagos and a Master in Business Administration (MBA) from the Business School, Netherlands. He completed his PhD at the Nigerian Institute of Advanced Legal Studies.
