The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Alh. Umaru Ibrahim has been re-elected into the Executive Committee of the International Association of Deposit Insurers (IADI) for another term of three years.
Alhaji Umaru was re-elected during the 2016 Annual General Meeting (AGM) of the association which held recently in Seoul, Korea and hosted by the Korea Deposit Insurance Corporation (KDIC). The re-election of the NDIC Managing Director/Chief Executive, according to IADI, was in recognition of the Corporation’s outstanding contributions to the development of deposit insurance practice in Africa and the association as a whole.
The 15th AGM of the association in Seoul, Korea was attended by 180 participants, representing 70 jurisdictions worldwide. The theme of this year’s conference was: Gearing Up for the Next Crisis, and featured presentations and panel discussion by top policy makers, deposit insurers and prominent academics.
It would be recalled that Alh. Ibrahim was first elected unopposed to take the reserved seat of the Africa Regional Committee on the Executive Council of the Association at its 12th AGM and 2013 Annual Conference held in Buenos Aires, Argentina.
The International Association of Deposit Insurers (IADI) was formed in May 2002 as a forum for knowledge and experience sharing through international conferences, workshops, attachments and other capacity building programs as well as research and guidance on matters related to deposit insurance for its members.
Alhaji Umaru Ibrahim, mni, was born in the City of Karaye, Kano State. He graduated from the famous Ahmadu Bello University, Zaria in 1974. Three years later, in 1977, he added a Master of Public Administration (M.P.A.) to his academic laurels from the same University. In 2001, still in quest for further knowledge, he attended the prestigious National Institute for Policy and Strategic Studies, Kuru, where he graduated in November of the same year.
Ibrahim has had an enviable work experience since he joined the Kano State Public Service in 1975 after compulsory one-year National Service. From a relatively junior position of an Administrative Officer in the Cabinet Office of the Kano State Government, he rose to the post of Permanent Secretary within a period of 10 years due to hard and diligent work. He served in several Ministries and Departments until 1989 when he joined the NDIC.
He joined the Nigeria Deposit Insurance Corporation in May 1989 as a Deputy Director and a Departmental Head in charge of Financial and Technical Support, one of the key operational departments of the Corporation then. In 1991, he became a full Director in charge of the Administration Department of the Corporation. Between 1992 and 2007, he headed several other departments amongst which were the Human Resources and Corporate Development Departments.
Between September 1995 and September 1996, he was appointed an Executive Director (Finance and Administration) in the defunct First African Trust Bank and was involved in the restructuring and sale of the bank. In August 2007, Alhaji Umaru was appointed the Executive Director of the Corporation in charge of Corporate Services. His responsibilities included General Administration, Human Resource Management, Information Technology and Finance functions. In December 2009, he was appointed the Acting Managing Director/Chief Executive Officer of the Corporation following the expiration of the term of the erstwhile MD/CEO. He was appointed Managing Director/Chief Executive Officer on the 8th of December, 2010.
Over the years, he has attended several technical and management courses from some prestigious institutions both at the national and international levels. Amongst the main ones are the ESSEC Graduate Business School, France; Templeton College of Oxford University, U.K.; and International Centre for Banking and Financial Services, Manchester University.
Others include Royal Institute of Public Administration, London; International Institute for Management Development (IMD), Lausanne, Switzerland; INSEAD France, ROSS School of Business, University of Michigan USA; University of Cranfield, UK and the highly prestigious National Institute for Policy and Strategic Studies.
He is a member of several professional bodies. Some of these bodies and his membership are: Fellow, Nigerian Institute of Management (2006), Member, Chartered Institute of Personnel Management (CIPM) since 1976 and Member, Alumni Association of the National Institute for Policy and Strategic Studies (NIPSS) 2001.