Buhari Approves Appointment Of NAICOM Chairman, Board Members

President Muhammadu Buhari has approved the appointment new Board Chairman and members for the National Insurance Commission (NAICOM).

With the approval, the new Board replaced the erstwhile Board appointed since March 8, 2018 whose tenure expired March 7, 2022 after a tenure of four years.

A statement by Yunusa Tanko Abdullahi, Special Adviser on Media and Communications to the Minister of Finance, Zainab Ahmed disclosed this.

The statement said that 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.

It further expressed optimism that the appointees are expected to help steer and transform the insurance industry and propel the sector to a high pedestal.

The Board members led by Dr. Abubakar Sani as chairman, include Chief Barrister Robert Ohuoba (member), Mrs. Ijeoma Chinenye Ekeocha (member), and Alhaji Muazu Barau (member).

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.