President Bola Tinubu has removed Sunday Thomas as the Chief Executive Officer of the National Insurance Commission (NAICOM). This decision was made on Friday, shortly after Thomas lost his wife, Oyinade Folashade Thomas, on April 12, 2024.

Tinubu approved a new NAICOM board, effective immediately:

* Ms. Halima Kyari (Chairperson)
* Mr. Olusegun Ayo Omosehin (Commissioner for Insurance/Chief Executive)
* Mr. Olawoye Gam-Ikon (Deputy Commissioner, Technical Operations)
* Dr. Usman Ankara Jimada (Deputy Commissioner, Finance & Administration)
* Dr. Miriam Kene Kachikwu (Member)
* Mr. Adeniyi Olusegun Fabikun (Member)
* Mr. Umar Khalifa Mohammed (Member)

Chief Ajuri Ngelale, the president’s spokesman, emphasized Tinubu’s expectations for the new board:

“The President expects the new Board of the National Insurance Commission to exercise utmost probity as it leads the commission in ensuring a safe, sound, and stable insurance sector, while protecting policyholders, the public interest, and improving trust and confidence in the sector.”

Thomas, who previously served as NAICOM’s Deputy Commissioner for Technical Matters, had led the commission since 2020. He also held the position of Director-General of the Nigerian Insurers Association. CONTINUE READING