New Telegraph

NAICOM Restructures Operations, Elevates 5 To Director Cadre

The National Insurance Commission (NAICOM) has been restructured into seven divisions for efficient supervision of the insurance sector. The decision was taken by the governing board of the commission at a meeting held on June 21, 2024.

Also, the board approved the promotion of five staff to the grade of director following the promotion exercise conducted on March 28, 2024.

A statement issued by NAICOM listed the new directors and their portfolios as Mr. Ajibola Bankole, director, inspectorate; Mr. Ahmad Ibrahim Adamu, director, technology, strategy & research; Dr. Talmiz Usman, director, legal, enforcement & market development; Mr. Kamaludeen Barde, director, finance & accounts and Mr. Rasaaq Salami, director, human resources & administration.

The seven directorates approved by the board in the updated organisational structure of the commission are inspectorate, supervision, market conduct and regulation, legal, enforcement and market development; human resources and administration; finance and accounts and technology, strategy and research.

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