Breaking News

Buhari Approves Appointment Of Part-Time Chairman, Members Of NAICOM Board

Oluwasina Phillip

The appointment of part-time chairman and members of the board of National Insurance Commission (NAICOM) has been approved by President Muhammadu Buhari. 

The appointment was confirmed by a statement issued by Yunusa Tanko Abdullahi

Special Adviser, Media & Communications to the Minister of Finance, Budget and National Planning.

This appointment is based on the fact that the chairman and the current board members of the commission were appointed for a four-year term with effect from 8th March, 2018 and their tenure expired on 7th March, 2022.

Those appointed are Dr. Abubakar Sani (chairman), Chief Barrister Robert Ohuoba (member), Mrs. Ijeoma Chinenye Ekeocha (member), and Alhaji Muazu Barau (member).

Based on the terms of appointment of the chairman and members of the board of the commission as stipulated in Section 3(1) of the NAICOM Act 1997, they are expected to hold office for a period of four years.

Dr. Sani holds a Masters Degree in Business Administration and a Bachelor’s Degree 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 Degree in Business Administration (Project Management) with strong private sector experience.

Alhaji Barau holds a Masters Degree in Business Administration and Masters Degree 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.

They are all expected to help steer and transform the insurance industry and propel the sector to a high pedestal.

About Editor

Check Also

Upscale the Quality of Your Products to Meet global standards, WTO DG charges Shea Producers

The World Trade Organisation, on Tuesday, charged Nigeria and other African countries to improve the …

Leave a Reply