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NAICOM Announces Promotion of 5 Staff as Directors

The Governing Board of the National Insurance Commission, at its meeting held on 21 June, 2024, approved the promotion of five (5) staff to the grade of Director following the promotion exercise conducted on 27th March, 2024. The new Directors are:

  1. Mr. Ajibola Bankole – Director, Inspectorate
  2. Mr. Ahmad Ibrahim Adamu – Director, Innovation & Regulation
  3. Dr. Talmiz Usman – Director, Legal, Enforcement & Market Development
  4. Mr. Kamaludeen Barde – Director, Finance & Accounts
  5. Mr. Rasaaq Salami – Director, Human Resources & Administration

The Governing 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 new directorates are:

  1. Inspectorate
  2. Supervision
  3. Market Conduct & Complaint Bureau
  4. Innovation and Regulation
  5. Legal, Enforcement & Market Development
  6. Human Resources & Administration
  7. Finance & Accounts
  8. Technology, Strategy & Research
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Non-payment of Salaries: Matters Arising

At first, it was a rumour. Then, the rumor became stronger. And then, the rumour became political allegation that the federal and state governments could no longer pay salaries because public funds were deployed by the two major political parties to prosecute the 2015 general elections. Today, the situation has become a national embarrassment that Nigeria cannot pay its civil servants-from federal government to state governments. While actual figures of the total indebtedness at the federal and state levels is difficult to ascertain, various media reports quoted N110 billion as the total sum due to the unfortunate government employees.
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