The National Insurance Commission (NAICOM) has formally transferred operational control of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders, following the successful conclusion of a regulatory intervention that commenced in October 2024.
The handover marks a significant milestone in restoring the company’s financial stability, safeguarding the interests of policyholders and annuitants, and repositioning the organization for sustainable growth.
Featured Picture: L-R: Mr. Jacob Irabor, Interim Managing Director; Mr. Ekerete Ola Gan-Ikom, Deputy Commissioner, Finance and Administration, National Insurance Commission (NAICOM); Mr. Cyril Ajagu, Representative of the Shareholders; Rear Admiral Anthony Odogba Isa, New Board Chairman, African Alliance Insurance PLC; Dr. Haruna Mustapha, Outgoing Chairman, Interim Management Board,African Alliance Insurance PLC; Mr. Olusegun Ayo Omosehin, Commissioner for Insurance, National Insurance Commission (NAICOM); Dr. Usman Jankara; and Mr. Abayomi Olakunle Olukeye, New Managing Director, African Alliance Insurance PLC.
