Podcast
Questions and Answers
Which entity is responsible for supervising over the affairs of the Corporation and administering the Deposit Insurance Scheme?
Which entity is responsible for supervising over the affairs of the Corporation and administering the Deposit Insurance Scheme?
- The Supervisory Authority (Federal Ministry of Finance)
- The Executive Directors
- The CB Director of Banking Supervision Department
- The Board of Directors (correct)
Who is charged with the day-to-day management of the Corporation according to the NDIC Act?
Who is charged with the day-to-day management of the Corporation according to the NDIC Act?
- The Managing Director appointed by the President (correct)
- The Director General of the SEC
- The Chairman of the Board of Directors
- The Permanent Secretary of the Federal Ministry of Finance
Who is responsible for monetary and banking matters according to the text up to 1991?
Who is responsible for monetary and banking matters according to the text up to 1991?
- The Federal Ministry of Finance (correct)
- The NDIC Act
- The Executive Management
- The Director General of the SEC
Which individual is appointed by the Corporation as its Managing Director?
Which individual is appointed by the Corporation as its Managing Director?
According to the NDIC Act, who is mandated to be the Director of Banking Supervision Department?
According to the NDIC Act, who is mandated to be the Director of Banking Supervision Department?
Who is in charge of the Executive Management according to the text?
Who is in charge of the Executive Management according to the text?
What is the main purpose of the Establishment Committee?
What is the main purpose of the Establishment Committee?
How many part-time members were on the 12-member Board created by the NDIC Act 2006?
How many part-time members were on the 12-member Board created by the NDIC Act 2006?
What is a key requirement to promote independence among Board members?
What is a key requirement to promote independence among Board members?
How many Executive Directors (EDs) were part of the Management Team since 1988?
How many Executive Directors (EDs) were part of the Management Team since 1988?
What safeguard is lacking against the abrupt dissolution of the Board as per the text?
What safeguard is lacking against the abrupt dissolution of the Board as per the text?
What is emphasized as essential for effective governance in the text?
What is emphasized as essential for effective governance in the text?
