President Muhammadu Buhari has approved the appointments of Alhaji Sabiu Bello Abubakar as the Deputy Commissioner for Insurance, Technical, a statement from the National Insurance Commission (NAICOM) said on Monday.
Sabiu Bello Abubakar, untill his new appointment, was the Executive Director (Operations and Training) since November, 2017 at Jaiz Takaful Insurance Plc.
He is a Fellow of both Chartered Insurance Institute of Nigeria (CIIN) and Chartered Insurance Institute of London as well as Associate Member of Nigeria Institute of Management (AMNIM).
He graduated from Usmanu Danfodiyo University, Sokoto with Bachelor Degree in Education and has a Master’s degree in Business Administration (MBA) in Finance from the Bayero University Kano.
Having 25 years work experience in the Insurance industry serving in various capacities. He started his working career with NICON Insurance Corporation and worked in a number of other insurance institutions in Nigeria. Prominent among them are Industrial and General Insurance Company (IGI), Cornerstone Insurance Plc and the National Insurance Commission (NAICOM).
A prominent advocate and facilitator of financial inclusion in Nigeria particularly Takaful and Micro Insurance, with special skill in business ethics and development.
Mr. Abubakar has verse experience in insurance regulation, Oil and Energy Insurance, Reinsurance and Insurance product development and design. At NAICOM he was head Market Development and chaired many Committees such as Insurance of Government Strategic Assets Committee and contributed in development of many regulatory guidelines and policies.
According to the statement signed by the Deputy Director, Commissioner for Insurance Directorate, Mr. Rasaq Abdulsalam, added that Mr Oba Olufemi Oluniyi has also been appointed the Deputy Commissioner in charge of Finance and Administration.
It further noted that both appointments are effective July 17, 2020, for an initial tenure of five years.