NAICOM Gets 5 New Directors

The governing board of the National Insurance Commission (NAICOM) has approved the promotion of five of its staff to the grade of director, following the promotion exercise conducted on March 27, 2024.

According to a statement that was issued by the commission on Monday, the appointments were approved at a meeting of the board held on June 21, 2024.

The new directors are: 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 board also approved the updated organisational structure of the Commission to enhance its efficiency, effectiveness, and adaptability.

“This restructuring ensures that the organisational structure aligns with the Commission’s strategic goals and objectives, aiding the executive management in achieving its mandate,” the statement read in part.

The new directorates are: inspectorate, supervision, market conduct & complaint bureau, innovation and regulation, legal, enforcement & market development, human resources & administration, finance & accounts
and technology, strategy & research.