All Posts in "NCRIB president"

NCRIB president, Rotimi Edu Speech at unveiling of Council mascot & logo

SPEECH DELIVERED BY MR. ROTIMI EDU, mni, LLM, FCIB, PRESIDENT, NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS (NCRIB), AT THE UNVEILING OF THE 60TH ANNIVERSARY MASCOT AND LOGO (OKIN – Optimising Knowledge in Insurance in Nigeria) HELD AT INSURANCE BROKERS HOUSE, 58, MOLEYE STREET, ALAGOMEJI, LAGOS, ON THURSDAY, MARCH 17, 2022

I am indeed overwhelmed with joy and full of appreciation, first to the Almighty God that the Nigerian Council of Registered Insurance Brokers (NCRIB) which started out as The Nigerian Corporation of Insurance Brokers (NCIB) in 1962 is 60 years old this year. In spite of the teething challenges at inception, the Council has risen to the position of prominence amongst its peers nation-wide, producing 21 Presidents and about 500 Registered Members spread across the nooks and crannies of the country. For the benefit of our guests and friends who may not be too familiar with the history of the Council, the history of insurance broking business cannot be divorced from the inextricable historical relationship that existed between Nigeria and Britain. Since West Africa constituted one of the destination points for the
British colonial authorities whose motives were purely trading and profiteering, ab initio, insurance came as a bye-product of the British mercantile adventure. Insurance broking in Nigeria dates back to 1953, marking the first time that an independent agent in the name of Edward W. Turner & Co. came to Nigeria. After series of events and importation of foreign insurance Broking firms in Nigeria, it is worthy of note that T. A Braithwaite & Co. became the first indigenous insurance broking firm with its establishment in 1958. This later opened doors for other professionals and insurance broking firms to take advantage of the fledging insurance opportunities in the economy. Notable among those who came into existence at that time were Thomas Insurance Brokers established by Mr. J.A Thomas; J. Akin George & Co Limited by Chief John Akinwumi-George and African Underwriters Limited set up by Chief Sunny Odogwu. The growing need for professional and business collaboration amongst them led to the formation of Nigerian Corporation of Insurance Brokers in 1962, which today is known as the Nigerian Council of Registered Insurance Brokers.

Distinguished ladies and gentlemen, it is not my intention to bore you with a long speech, because we are here today to unveil the Anniversary Mascot and Logo (OKIN) heralding the celebration of the 60th Anniversary of our great Council, with series of activities and events across the year. Permit me to hint you that part of the activities lined up to celebrate this landmark event include:
• INSURANCE WALK TO PROMOTE INSURANCE AWARENESS AND DEEPEN PENETRATION ACROSS THE COUNTRY
• INSTITUTION OF AWARDS IN SCHOOLS TO CATCH THE FUTURE PROVIDERS AND CONSUMERS OF INSURANCE
• INSURANCE OPEN DAY FOR SELECTED SECONDARY SCHOOLS
• CORPORATE SOCIAL RESPONSIBILITY
• SPORTS COMPETITION THAT WOULD FOCUS MORE ON TABLE TENNIS, LAWN TENNIS AND OTHER SPORTING ACTIVITIES. •PRESENTATION AND LAUNCHING OF HISTORICAL AND MEMBERSHIP COMPENDIUM. •ANNIVERSARY LECTURE AND EXHIBITION. •ANNIVERSARY GRAND BALL.

Kindly permit me to express my deep appreciation to all our guests here today, particularly, the Doyen of Insurance in Nigeria, Olola Olabode Ogunlana, OFR. As one of the forebears of the Insurance profession in Nigeria, Olola Ogunlana has continued to be a beacon of hope for the upcoming professionals and has been a blessing to the industry and the Nigerian nation having put in 70 years of great and unblemished service into the insurance industry and contributing immensely in the area of education.

To the Commissioner for Insurance, Mr. O. S Thomas, who is here with us today, our appreciation to you knows no bound for all your efforts in growing the insurance industry through progressive legislation and dynamic supervision. I will not fail to mention all other representatives of professional bodies, here present, we thank you immensely and wish to assure you that this has further signaled the beginning of a much more fruitful relationship between our Council and your respected institutions.

I cannot end without paying my respect to all the Past Presidents of our Council, both living and resting. You are the major reason for our celebration. Thank you for the solid foundation that you laid for our Council.

To my distinguished colleagues in the insurance broking sub-sector, thank you and may we continue to make the NCRIB and the entire insurance industry great.

To all staff of the NCRIB ably led by the Executive Secretary, I appreciate you all.
To the distinguished Members of the Press, I cannot appreciate you enough. It is our hope that you shall continue to honour our invitation and support our programmes as we continue with the epochal celebration throughout the year.

Once again I welcome you all.

Thank you.

Rotimi Edu, mni, BL, LL.M, ACII, FCIB
President & Chairman Governing Board.

by Patoma Admin — March 18, 2022 in Others 0

NCRIB president, Edu visit past president, Soyewo

CAPTION

L- President of the Nigerian Council of Registered Insurance Brokers, Mr. Rotimi Edu, mni, FCIB in handshake with a Past President of the Council, Prince (Dr) Feyisayo Soyewo, mfr, FCIB during a courtesy visit

by Patoma Admin — February 7, 2022 in Insurance 0

NCRIB President, Bola Onigbogi speech at Brokers Evening hosted by African Alliance

Caption

From left: Vice President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Tunde Oguntade; President, Mrs Bola Onigbogi; Managing Director, African Alliance Insurance Plc, Mrs. Joyce Ojemudia; Head of Finance, African Alliance Insurance Plc, Bode and the NCRIB Executive Secretary, Mr Fatai Adegbenro at the February Edition of NCRIB Members’ Evening

SPEECH DELIVERED BY THE PRESIDENT OF THE NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS, DR (MRS.) BOLA ONIGBOGI, FCIB AT THE FEBRUARY 2021 EDITION OF NCRIB MEMBERS’ EVENING HELD ON TUESDAY, FEBRUARY 23, 2021 IN LAGOS.

• Distinguished members of the NCRIB Governing Board
• Top Management team of African Alliance Insurance Plc, ably led by the Managing Director/CEO, Mrs. Joyce Ojemudia,
• ,Our guest speaker, Mr. Obashola Alo, FCIB, Group Head, Insurance/Financial Risks, Dangote Industries Ltd
• Our guests here present,
• Gentlemen of the Press,
• Ladies and Gentlemen,

I am most delighted to welcome you all to the first edition of NCRIB Member’s Evening in 2021, holding here in Lagos. Permit me to use this opportunity to appreciate all members across the nation, especially, our living ancestors, distinguished Board Members and all other professional colleagues for your unflinching support for the current management team.

It is no more news that activities and events are taking different shapes and dimensions. Some of our members can now sit down at the corner of their various offices and houses and still be a part of Members’ Evening. This is one of the numerous opportunities that came with the advent of Coronavirus. I am convinced that this development has further enhanced participation of our members in our various events and activities, especially, members in the diaspora. Although, it would have been my utmost pleasure to have everyone physically present here, but we must adhere strictly to the Federal Government regulation to curtail further spread of the dreaded virus. It is on this note I like to encourage my distinguished professional colleagues, especially, those outside Lagos, to leverage on this opportunity and be a part of our activities. Your attendance and participation in our events are always a source of encouragement. May I implore all the Area Committee Chairmen to always encourage their members to attend and participate virtually in all programs organized at the national level.

I like to reiterate that this leadership team is committed to the development of our noble profession. We are not stopping until all stones are turned. At the inception of this administration, I did identified two cardinal thrust of my leadership, which were Image Building and Strategic Engagement. I need not bother you on most of our landmark achievements within this period in spite of the challenge of Covid-19, but I need to stress that no leader is sustained without the followers. It is on this note that I crave more of your cooperation, suggestions and participation. Together we shall continue to stand. We have endeavored to make our events most resourceful and educative.

I am most delighted to inform you that before the end of this event, we will be learning tips on how to package winning bids. This will be handled by Mr. Obashola Alo, Group Head, Insurance/Financial Risks, Dangote Industries Limited who incidentally is also a Fellow of our Council. Our choice of Mr. Alo is certainly hinged on his experience on the subject matters. I would like to encourage you all to take the full advantage of this educative and informative session.

Let me use this medium to profoundly appreciate African Alliance Insurance Plc team for its unrelenting determination to further deepen relationship with Registered Insurance Brokers, as evidenced by the resolve to host this landmark edition of NCRIB Members’ Evening. Also, I like to officially congratulate Mrs. Joyce Ojemudia for her appointment as the Managing Director of a very progressive firm. I have no doubt in the ability of Mrs. Ojemudia to lead African Alliance to a lofty height of achievement. It will delight you to know that Mrs. Ojemudia in her personal capacity contributed towards the success of my investiture in 2019. She was also strong member of my Investiture Committee and she has again proved to us that she is Brokers-friendly. I have no doubt today that African Alliance Insurance Plc has etched its name in the golden book of record of Registered Insurance Brokers in Nigeria.

Customarily, at the appropriate time in the course of this event, we shall have the opportunity to ask questions from Mrs. Ojemudia and interact with the management team of the company on issues that are germane to the company’s growth and survival. I want to urge our members who have opted to join us virtually to also make their observations and comments at the appropriate time. You can also drop your comments.

NATIONAL ISSUES:
STATE OF SECURITY IN NIGERIA

As a critical player in the national economy, the onus is on the NCRIB to express grave discomfort about the increasing spate of insecurity in the country, in spite of government’s efforts to improve the national economy generally. There is hardly a day that passes by without reported cases of kidnapping, killing, terrorism and other criminal cases that is fast making our country dreadful to live in. This has reached a preposterous dimension and is adversely affecting the pace of economic growth as genuine foreign investors are scared putting their monies into the economy. Since there is a correlation between insurance and economic growth, it is most auspicious for the NCRIB to join its voices to the need to call on government to put in more efforts to combat security challenges in the country. We are using this medium to call on federal government to overhaul its security apparatus while at the same time enhancing collaboration with governments and institutions both within and outside the country to put an end to this menace. It is expedient to eulogize the federal government on its decision to change all the service chiefs, we enjoin the newly appointed service chiefs to brace up to the challenge and ensure the challenge of insecurity is tackled head-on. We also like to reiterate that the role of education and prompt information in tackling insecurity cannot be undermined. At this juncture, the National Orientation Agency (NOA) should be rejiged and repositioned to conscientize Nigerians continually on the need for them to be their brothers’ keepers by breaking down belief systems, be they religious or cultural, militating against peaceful coexistence and sanctity of human lives. Also, we implore government to join the league of developed Countries of the world who have resorted to using Information Communications Technology (ICTs) to combat crime. It is not out of place for the federal, states and local governments to deploy the use of CCTV in all towns and cities in the country. This device would assist the law enforcement agencies to keep better tap on criminal activities throughout the country.

CONGRATULATING DR. (MRS) OKONJO-IWEALA ON HER APPOINTMENT AS DG, WTO

Success does not come easy, but through hard work and determination. In the world that is often regarded as Men’s World, it takes courage for a woman to vie for an exalted position such as Director General of World Trade Organisation (WTO). The competition for the position of Director General, WTO was indeed fierce, but our own Dr. Ngozi Okonjo-Iweala succeeded in landing the new job. It is on that note that on behalf of the entire membership of the Council, I like to congratulate her on the accomplishment. We have no doubt in her ability to perform sternly in the new job. Her accomplishment as two terms Nigeria Finance Minister speaks volume of her ability to daze the world’s powers and perform beyond expectation. It is hope that with her emergence as the Director General of the Organisation, she would deploy her brain and brawn to evolve with laudable strategies that will boost and develop international trade in the world which will aid smooth flow of mobile trade between Nigeria and other Countries of the world thereby deepening insurance business in Nigeria and showcasing the structured practice of insurance that exist in our nation.

ADMISSION OF NEW ASSOCIATES, FELLOWS
Earlier today, the Governing Board of our noble Council met to ratify and approve the admission of new Fellows to the prestigious society of Fellows of the Council.
Definitely, admission of new members into the society of fellows will further increase the number of members who had been admitted since the inception. The screening process has begun and hopefully, the Board of Fellows, the Committee responsible to access the eligibility of members who had submitted their application forms, would come out with their report.

Barring all unforeseen circumstances, about 56 Insurance Brokers be inducted as new associates of the Council tomorrow, Wednesday, February 24, 2021. In compliance with the Federal Government directives on Covid-19, the induction ceremony will hold at the Council’s event hall with adequate provision to observe social distancing and other measures.

CONCLUSION

In conclusion, please permit me to appreciate African Alliance Insurance once again for electing to host this evening and affirm that by so doing the company has again etched its name as one of the Most Brokers-Friendly underwriters in the market today.

by Patoma Admin — February 25, 2021 in Insurance 0