The Chairman Board of Governors, IoD, Centre for Corporate Governance (IoDCCG), Mr. U K Eke, MFR, F.loD, led his team on a courtesy visit to the National Insurance Commission, NAICOM, at its HQ in Abuja.
This visit marked a great moment for fostering collaboration and advancing Corporate Governance practices in Nigeria, with special focus on the insurance sector.
During the visit, Mr. U K Eke outlined the purpose of the visit, which encompassed several important objectives. Firstly, he congratulated Mr. Olusegun Ayo Omosehin his appointment as the new Commissioner for Insurance (CFI) and the Deputy Commissioners on their well-deserved appointments, expressing confidence in their capabilities and leadership abilities in deepening insurance penetration and making the insurance sector more globally competitive.
Also, Mr. Eke provided an update on the governing body of IoDCCG and its activities over the years. He shared valuable insights on the recently held strategic retreat, during which a comprehensive 20-point action initiative was developed to reset and recalibrate the Center.
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Mr. Eke informed the CFI that as a strategic partner, NAICOM has a seat on the Centre’s Board, which has remained vacant following the exit of Mr. Leo Akah, who until his retirement from the Commission brought his wealth of experience and expertise on the Board. He made a special request for a replacement of Mr. Leo Akah, on the Centre’s Board of Governors.
NAICOM was advised to mobilise entities under her purview to be listed on Ethics 1st Platform by undergoing the capacity-building and technical support in an efficient and affordable way to enable them develop the internal framework and management systems that endures growth.
In response, Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance (CFI), warmly welcomed the IoDCCG delegation, emphasizing the longstanding partnership between NAICOM and the Centre noting the importance of continuity despite leadership change.
He underscored the Institute’s credibility as a valuable partner for discussions on Corporate Governance practices and admitted that the various issues raised at the meeting are very germane.
