Buhari returns Obadiah Nkom as DG MCO, appoints AbdulHakeem Abdullateef NDIC chair

President Muhammadu Buhari has approved the appointment of Engr. Obadiah Simon Nkom as Director General of the Nigeria Mining Cadastre Office for a second and final term of four years.

A former Lagos State commissioner, Dr AbdulHakeem Abdullateef, was also named chairman of reconstituted board of the Nigeria Deposit Insurance Corporation.

The reappointment of Obadiah will take effect from 12th January 2023.
He was first appointed on January 12, 2019 for an initial period of four years.
Under the leadership of Nkom in the past four years, the Nigeria Mining Cadastre Office was said to have recorded an 86% increase in revenue generation, raking in over N8.9 billion between 2019 and 2021 compared to N4.8 billion generated in the corresponding period of 2016 – 2018. This also accounts for about 50% of the contribution of the Ministry of Mines and Steel Development to the economy.
His recently-unveiled reforms in the automation of the Mining Cadastre system have revolutionalized online and real-time mineral title administration and management.
It is also to the credit of Obadiah during his first term that the Nigeria Mining Cadastre Office was named the best agency of the Federal Government in the category of Digital Innovation Awards for the year 2022 under the auspices of the Nigeria Internet Registration Association (NIRA), for adding value to the activities of the Cadastre Office.
Also, Buhari has approved the reconstitution of the board of the Nigeria Deposit Insurance Corporation.

He has also approved the appointment of some new members and the reappointment of some existing members to the board.
A statement on Monday signed by the Special Adviser, Media & Communications to the Minister of Finance, Budget and National Planning, Yunusa Abdullahi, disclosed this.
The statement said the new appointments and reappointments had become necessary to avoid any vacuum.
The new appointees are Dr. Abdulhakeem Abdullateef, (Chairman) from Southwest zone; Prof. Osita Ogbu, from Southeast Zone; Umar Jibrin from Northcentral zone; Mohammed Haruna from Northeast zone; Yasmin Dalhatu from Northwest zone; Simon Ogie from Southsouth zone; Abimbola Olashore Southwest zone.
Those representing their institutions on the NDIC board are Director of Home Finance, Muhammed Ali, member (Rep of Federal Ministry of Finance, Budget and National Planning); Director Banking Supervision Department, Haruna Mustapha, member (Rep of Central Bank of Nigeria).
The reappointed members are Managing Director, Bello Hassan; Executive Director Operations, Mustapha Ibrahim; and Executive Director Corporate Services, Mrs Emily Osuji.
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.
The NDIC operates a four-year semester system for its board, and the last appointment was made on December 9, 2018.
The statement read, “The appointment of the existing members of the board whose four-year became effective on 9th December, 2018 expired on 9th December, 2022. It is noteworthy that irrespective of the tenure of the appointment, NDIC operates a semester system for its board. Therefore, the board stands dissolved at the end of the tenure of first appointment.
“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.
“In the light of this, the new 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.”