Ibadan Explosion: Brokers Condole Makinde, Victims’ Relatives

The president of the Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade has commiserated with governor Seyi Makinde and the people of Oyo State over the recent explosion that has claimed lives and properties worth several millions of Naira.

The explosion which occurred on Tuesday, January 16, 2024 in Ibadan reportedly left over seventy people badly injured while the number of death casualty has increased to five currently.
Prince Oguntade, in a condolence letter written to the executive governor of the State, expressed the council’s deepest sympathy to the governor and the people of the state, noting that the tragic explosion destroyed assets of substantial economic value in the state.

“We extend our wishes of comfort and strength to the families affected in general and the victims in particular who are enduring the aftermath of this devastating occurrence.
In the light of this trying time, we recognize the importance of solidarity and collaboration in addressing the pains and the losses of this incident,” he pointed out.

Meanwhile, NCRIB has described the death of a former commissioner for Insurance and an astute insurance practitioner, Chief Eugene Okwor, as a colossal loss to the entire insurance industry considering his pivotal contributions to the growth of insurance in Nigeria.
In a condolence letter signed by the president of the council, Prince Babatunde Oguntade, to commiserate with the family of the deceased, the Council noted that Chief Okwor, made valuable contributions to the industry during his regime as the Commissioner for Insurance.

According to the council, Chief Okwor, who was until his death, Chairman, Firstlink Insurance Brokers Limited, was able to put a human face to his regulatory duties as he facilitated the licensing of many Insurance Broking firms during his regime.
Prince Oguntade noted, in the letter, that the departure of Chief Okwor would definitely create a big void in the Council as well as the entire industry, considering his valuable contributions to the development of the insurance market in Nigeria, of which the NCRIB was a critical player.