Alhaji Abdulhakim Abdulateef, the newly appointed chairman of the Nigerian Deposit Insurance Corporation (NDIC), has made some shocking revelations about the level of corruption in the regulatory agency.
In a recorded video that has gone viral, Alhaji Abdulateef claims that some individuals within the corporation have been declaring pro-people finance companies as insolvent, stripping them of their assets, and redirecting those assets for their own personal use.
This, he says, is all to the detriment of depositors who will never be able to get their deposits back.
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Alhaji Abdulateef appears to be determined to root out this corruption, stating clearly that he has “more than 1000 petitions” on his desk and that he is “going to expose them all.” It is worth noting that he is not without opposition, as ‘vested interests’ are working to oust him from his position before his tenure even begins.