President Tinubu Appoints Halima Kyari as NAICOM Chairperson, Unveils New Board

President Tinubu appoints new NAICOM and SEC boards, aiming to strengthen Nigeria's insurance and capital markets through experienced professionals committed to integrity, consumer protection, and economic growth.

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President Tinubu Appoints Halima Kyari as NAICOM Chairperson, Unveils New Board

President Tinubu Appoints Halima Kyari as NAICOM Chairperson, Unveils New Board

President Bola Tinubu has appointed Ms. Halima Kyari as the new Chairperson of the National Insurance Commission (NAICOM). The President also approved the appointment of several other qualified Nigerians to the NAICOM board, including Mr. Olusegun Ayo Omosehin as Commissioner for Insurance, Mr. Olawoye Gam-Ikon as Deputy Commissioner (Technical Operations), Dr. Usman Ankara Jimada as Deputy Commissioner (Finance & Administration), Dr. Miriam Kene Kachikwu as a Member, Mr. Adeniyi Olusegun Fabikun as a Member, and Mr. Umar Khalifa Mohammed as a Member.

The President anticipates the new NAICOM board to demonstrate the highest level of integrity in guiding the commission to ensure a secure, reliable, and stable insurance sector, while safeguarding policyholders, the public interest, and enhancing trust and confidence in the sector. "The President expects the new Board to exercise utmost probity in leading the Commission to ensure a safe, sound, and stable insurance sector, while protecting policyholders, the public interest, and improving trust and confidence in the sector," a statement from the presidency said.

Why this matters: The appointment of a new NAICOM board is a significant step in President Tinubu's efforts to reform and strengthen Nigeria's insurance regulatory framework. A stable and well-regulated insurance sector is vital for protecting consumers, promoting economic growth, and enhancing public confidence in the industry.

The new board members are seasoned professionals with extensive experience in the insurance industry. Their appointment is expected to bring fresh perspectives and expertise to NAICOM's regulatory oversight and policy development. The board will play a key role in implementing reforms, enhancing consumer protection measures, and promoting the growth of Nigeria's insurance market.

Key Takeaways

  • Tinubu appoints Halima Kyari as NAICOM Chairperson, other board members.
  • New NAICOM board expected to ensure secure, reliable, and stable insurance sector.
  • Appointments aim to reform and strengthen Nigeria's insurance regulatory framework.
  • Tinubu also appoints new SEC board to advance capital market development.