Buhari appoints Abubakar, Oluniyi deputy commissioners of insurance

President Muhammadu Buhari has approved the appointments of Sabiu Bello Abubakar and Oba Olufemi Oluniyi as deputy Commissioners for Insurance, National Insurance Commission.

Abubakar is the Deputy Commissioner, Technical while Oba will serve as the Deputy Commissioner in charge of Finance and Administration (F&A) in the Commission.

Both appointments are effective July 17th, 2020 for an initial tenure of five years.

Abubakar until his appointment was executive director Operations and Training at Jaiz Takaful Insurance Plc. He is a Fellow of both Chartered Insurance Institute of Nigeria (CIIN) and Chartered Insurance Institute of London as well as Associate Member of Nigeria Institute of Management (AMNIM).

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He graduated from Usmanu Danfodiyo University, Sokoto with Bachelor Degree in Education and has a Master’s degree in Business Administration (MBA) in Finance from the Bayero University Kano.

Having 25 years work experience in the Insurance industry serving in various capacities, he started his working career with NICON Insurance Corporation and worked in a number of other insurance institutions in Nigeria. Prominent among them are Industrial & General Insurance Company (IGI), Cornerstone Insurance Plc and the National Insurance Commission (NAICOM).

A prominent advocate and facilitator of financial inclusion in Nigeria, particularly Takaful and Micro Insurance, with special skill in business ethics and development. Abubakar has verse experience in insurance regulation, Oil and Energy Insurance, Reinsurance and Insurance product development and design. At NAICOM he was head Market Development and chaired many Committees such as Insurance of Government Strategic Assets Committee and contributed in development of many regulatory guidelines and policies. He is a professional manager and has proven records on management.

Obah until this appointment was director in charge of Finance and accounts NAICOM.

Modestus Aneasoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.