Connect with us
UBA Ad 728x90 1

Jobs/Appointments

Insurance Brokers’ Regulator Chooses Adaramola as New Leader

E833d71f466424eea09f0224d0b7179bdc6275e95da9a141b3892dfb168a0486

Published

on

insurance brokers and loss adjusters

By Adedapo Adesanya

The Governing Board of the Nigerian Council of Registered Insurance Brokers (NCRIB) has endorsed the appointment of Mr Tope Adaramola as the Executive Secretary/Chief Executive Officer of the Council.

With his appointment, he is expected to take over from Mr Fatai Adegbenro, who retires from the council in May 2021.

Mr Adaramola, who is currently the Deputy Executive Secretary of the council, joined the NCRIB in 2004 as the pioneer Public Relations Manager.

A 1989 graduate of Political Science and Industrial Relations (MILR) from the University of Ibadan, Mr Adaramola had earlier worked as a reporter with Ogun Radio, Abeokuta; served as Press Secretary to the Government House, Ogun State between 1991 and 1998, from where he joined the Nigerian Insurers Association (NIA) in 1998 as the second Public Relations Professional to be engaged by the association.

While in the council, Mr Adaramola rose meteorically through the ranks and availed the entire industry his expertise in Public Relations and public speaking for which he was renowned.

He also avails the industry of his writing prowess as a member of the editorial team of the Chartered Insurance Institute of Nigeria and the NCRIB and served on several Industry Committees, including the Insurance Industry Consultative Council (IICC). He was the pioneer Secretary of the Insurance Industry Image Committee.

Mr Adaramola is a product of the European School of Protocol, a member of the Chartered Insurance Institute of Nigeria (CIIN) where he obtained a professional certificate in insurance and has attended several courses and training in Insurance, leadership and management in Nigeria, Malta, USA, Canada, UK, South Africa and The Gambia.

He is expected to bring his rich social capital and leadership skills to bear in directing the affairs of the Council as the head of the Secretariat.

The precursor of the council was established in 1962 to provide a central organization for the regulation of all practising insurance brokers in Nigeria.

This body got its first legal recognition in 1991 when the Insurance Decree N0 58 of 1991 made it compulsory for all practising Insurance Brokers to be members of this body before being registered by the Commissioner for Insurance.

However, the brokers’ quest for full legal recognition through the acquisition of a Charter did not materialize until 2003 when the National Assembly passed the NCRIB Bill and President Olusegun Obasanjo gave his assent on July 4, 2003.

The name of the body was thereafter changed pursuant of the enabling Act to The Nigerian Council of Registered Insurance Brokers (NCRIB). With the signing into law of the NCRIB Act, the insurance broking profession received full legal powers to be able to regulate the practice as a reputable profession, which is an integral professional arm of the Nigerian Insurance Industry.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Jobs/Appointments

NCDMB Boss Appointed to APPO Board Ahead African Energy Bank Launch

E833d71f466424eea09f0224d0b7179bdc6275e95da9a141b3892dfb168a0486

Published

on

Felix Ogbe NCDMB

By Adedapo Adesanya

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Felix Ogbe, has been appointed to the Executive Board of the African Petroleum Producers’ Organization (APPO).

By the appointment, Mr Ogbe becomes Nigeria’s representative on the board of the 18-member continental body, which has its headquarters in Brazzaville, Republic of the Congo.

Mr Ogbe was picked for this role by the Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, who doubles as the Chairman of the NCDMB Governing Council.

The notice of the Executive Secretary’s appointment was conveyed in a congratulatory letter signed by the Director of Support Services, APPO, Mrs Philomena Ikoko, on behalf of the Secretary General of the organization, Mr Omar Farouk Ibrahim.

She applauded the NCDMB boss on the confidence reposed in him by the Minister, expressing her belief that he would make immense contributions to the development of the African oil and gas industry.

She stated that Mr Ogbe is joining the Executive Board of APPO at a challenging time for the oil and gas industry, especially in Africa.

“Your appointment is a major call to duty for Nigeria and the continent. The secretariat will give you the support you will need to make a success of your assignment,” she noted.

NCDMB played key roles in catalyzing the operations of APPO and the development of local content in the African continent, providing institutional support and mentorship to several oil producing countries in their formulation of local content policies.

NCDMB initiated the African Local Content Roundtable (ALCR) and hosted the inaugural edition at Yenagoa, Bayelsa state, in June 2021, which was attended by key officials of APPO and other oil industry players.

The idea for the Africa Energy Bank was mooted by NCDMB’s officials at the event, as one of the strategies that would accelerate the growth of the African oil and gas industry and deepen local content.

The board also collaborated with APPO to host subsequent editions of the ALCR including the 2023 edition held at Abuja.

The Africa Energy Bank, which APPO is setting up at Abuja is aimed at pooling financial resources needed to fund big-ticket oil and gas projects across the continent, and bridge funding challenges currently impeding the development of the sector.

According to the APPO Secretary General, the Africa Energy Bank seeks to fund oil and gas projects across economies in Africa, helping to plug critical financing gaps that exist through the continent’s overreliance on financiers from the West.

Each APPO member country is expected to raise $83 million with an objective of raising $5 billion capital for the establishment of the bank.

It was revealed recently that Nigeria, Angola and Ghana have contributed their share capital. The trio’s contributions represent 44 per cent of the minimum capital that is required from oil producing countries in the continent.

Continue Reading

Jobs/Appointments

Arnolda Ekpe Replaces Aliko Dangote as Dangote Sugar Chairman

E833d71f466424eea09f0224d0b7179bdc6275e95da9a141b3892dfb168a0486

Published

on

Arnolda Ekpe

By Adedapo Adesanya

The board of Dangote Sugar Refinery Plc has appointed its Independent Non-Executive Director, Mr Arnold Ekpe, as the new chairman following the retirement of Mr Aliko Dangote as the head of the company after 20 years.

A statement from the organisation on Thursday disclosed that the retirement of the founder of the company takes effect from Monday, June 16, 2025.

The notice signed by the company’s secretary, Ms Temitope Hassan, revealed that Mr Dangote, who is the richest man in Africa, has been at the helm of his sugar business leadership since 2005.

The businessman is credited with steering Dangote Sugar into a market leader in Nigeria’s sugar industry, overseeing major expansion projects and strengthening corporate governance.

“In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement read.

Mr Dangote owns stakes in businesses, including food, cement, energy, and plastics among others.

The statement noted that under his leadership, the firm implemented key Backward Integration Projects in Adamawa, Taraba, and Nasarawa States to improve local sugar production and reduce import dependence.

“Following a rigorous selection and transition process, the Board is pleased to announce the appointment of Mr Arnold Ekpe, Independent Non-Executive Director as the new Chairman of Dangote Sugar Refinery Plc. effective 16th June 2025,” the statement added.

Mr Ekpe is a seasoned banker and former group CEO of Ecobank, with extensive boardroom and leadership experience across sectors.

“We welcome Mr Ekpe to his new role and look forward to the next chapter in our Company’s journey under his leadership. We also express our deep appreciation to Aliko Dangote for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.

Continue Reading

Jobs/Appointments

NECA DG Adewale-Smatt Oyerinde Joins Business Africa Executive Council

1a56d5970a48756c4728caf8832c91ba18e8d158ff787499ea899072fa902f55

Published

on

Adewale-Smatt Oyerinde

By Modupe Gbadeyanka

The Director General of the Nigeria Employers’ Consultative Association (NECA) has been elected into the executive council of Business Africa.

The platform is the leading continental voice of employers and private sector organisations across Africa, with headquarters in Nairobi, Kenya.

It serves as a vital platform for promoting private sector development and regional business integration, while also representing African business interests at regional and international forums, including the African Union (AU) and the International Labour Organization (ILO).

The group is also the umbrella organization representing the interests of the private sector in Africa, serving as a key platform for dialogue between African businesses, governments, and international partners, advocating for policies that promote economic growth, regional integration, and sustainable development.

At the General Assembly of Business Africa on Tuesday, June 10, 2025, at the United Nations Office in Geneva, Switzerland, Mr Oyerinde promised to foster Africa’s economic growth and regional integration.

“I am deeply honoured and humbled to be elected to the Executive Council of Business Africa. This is a critical time for Africa’s economic trajectory, and I am eager to contribute to an organization that is so dedicated to empowering our continent’s businesses and unlocking its immense potential.

“I look forward to collaborating with fellow council members to advance policies that foster innovation, attract investment, and create widespread and inclusive prosperity,” the Nigerian stated.

Mr Oyerinde brings a wealth of experience and a proven track record in private sector advocacy, business linkages, sustainable development, digital transformation, regional economic cooperation, investment/trade promotions and leading initiatives focused on empowering SMEs across the continent.

He joins a distinguished group of business leaders from across the continent, that are providing strategic oversight to Business Africa’s efforts in promoting sustainable enterprise development, decent work, job creation, competitive business landscape and economic integration and renaissance across Africa.

Continue Reading

Trending

https://businesspost.ng/DUIp2Az43VRhqKxaI0p7hxIKiEDGcGdois8KSOLd.html