The president, in a letter addressed to Senate President Bukola Saraki said the reappointment of Ibrahim was in accordance with Section 5 Subsection (4) and Section 8 Subsection (3) of the NDIC Act.
Ibrahim was the first chief executive of the NDIC. He was appointed in 2010 to serve a term of five years. After completing his first five-year tenure, Buhari, in January 2016 asked him to continue managing the corporation in acting capacity.
