Adekola to Act as African Alliance Insurance MD/CEO

Olabisi Adekola African Alliance Insurance

By Dipo Olowookere

Mrs Olabisi Adekola has been asked to occupy the vacant position left by the Managing Director/CEO of African Alliance Insurance Plc, Mrs Funmi Omo, in an acting capacity.

Mrs Omo left the company after 30 years of meritorious service and in order not to create a vacuum, the board of the insurance firm asked Mrs Adekola to take charge effective September 1, 2020.

By this appointment, Mrs Adekola becomes the latest in the elite line of home-grown Managing Directors the 60-year old company has produced, further reinforcing the widely held notion that the company is a breeding ground of talents and outstanding professionals, a statement from the Brand, Media and Communications Manager of the underwriter, Mr Bankole Banjo, said.

The Acting MD/CEO of African Alliance Insurance is a financial analyst, investment manager and proven business continuity leader with over 25 years’ experience in financial management, internal audit and accounting.

She began her career at Nigerian Hoechst in the mid-90s before joining the African Alliance in 1997 as an Assistant Superintendent in the Finance department.

She rose through the ranks across various Finance/Audit functions to Head the Finance department as Assistant General Manager (Finance and Investment) in 2010.

She was promoted Executive Director (Finance) in 2012 capping a brilliant lateral growth in the company.

Mrs Adekola holds an MBA in Financial Management from the Lagos State University and is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and Association of Investment Advisors and Portfolio Managers (FIAPM); an Associate Member of the Chartered Institute of Taxation of Nigeria (ACTI), Nigeria Institute of Management and Business Continuity Professional, Disaster Recovery International. A brilliant mind, Mrs Adekola is also an alumnus of the prestigious Lagos Business School.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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