A new board has been approved by President Muhammadu Buhari for National Insurance Commission with immediate effect. It replaced the former whose tenure expired March 7, 2022 after a four year term.
A statement by Yunusa Tanko Abdullahi, Special Adviser on Media and Communications to the Minister of Finance, Zainab Ahmed disclosed this. He explained that based on the terms of appointment of the chairman and members of the board as stipulated in Section 3(1) of the NAICOM Act 1997, they are expected to hold office for a period of four years.
The board which the statement was optimistic, would steer and transform the insurance industry and propel the sector to a high pedestal.
The Board members is led by Dr. Abubakar Sani as chairman, Chief Barrister Robert Ohuoba (member), Mrs. Ijeoma Chinenye Ekeocha (member), and Alhaji Muazu Barau (member).
Dr. Sani holds a masters in Business Administration and a Bachelor’s in Actuarial Science, both from Ahmadu Bello University (ABU), as well as Honorary Doctorate Degree in Management. He has a vast experience in insurance industry.
Chief Ohuoba is a legal practitioner with more than 20 years experience, while Mrs. Ekeocha holds a Masters in Business Administration (Project Management) with strong private sector experience.
Alhaji Barau holds a Masters in Business Administration and Masters in International Affairs and Diplomacy both from ABU, Zaria, and a Bachelor’s of Science (Hons) Business Management from University of Maiduguri.
He has over three decades experience in the banking and finance sector of the Nigerian economy.