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.