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Insurance commission announces top appointments, restructures for effective performance

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In its determination to move the nation’s insurance industry forward, the governing board of the National Insurance Commission (NAICOM) has announced top management changes as some executives have been pushed up as directors.

NAICOM said that at its meeting held on 21 June, 2024, approval was given for the promotion of five  staff to the grade of Director following the promotion exercise conducted on 27th March, 2024.

Those promoted are The new Directors are Mr. Ajibola Bankole who is now Director, Inspectorate, Mr. Ahmad Ibrahim Adamu – Director, Innovation & Regulation, Dr. Talmiz Usman – Director, Legal, Enforcement & Market Development, Mr. Kamaludeen Barde – Director, Finance & Accounts anmd Mr. Rasaaq Salami as Director, Human Resources & Administration

The Governing Board also approved the updated organisational structure of the Commission to enhance its efficiency, effectiveness, and adaptability.

This restructuring ensures that the organisational structure aligns with the Commission’s strategic goals and objectives, aiding the executive management in achieving its mandate. The new directorates are Inspectorate, Supervision, Market Conduct & Complaint Bureau, Innovation and Regulation, Legal, Enforcement & Market Development, Human Resources & Administration, Finance & Accounts and that of Technology, Strategy & Research.

It would be recalled that the Federal Government had May this year appointed Mr Olusegun Omosehin as Commissioner for Insurance. Omosehin took over from Mr Sunday Thomas.

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