L-R: Tunde Mimiko, Managing Director/Chief Executive Officer, Sanlam Life Insurance Nigeria Limited; Val Ojumah, Board Adviser and former Managing Director/Chief Executive Officer, FBNInsurance Limited (now Sanlam Life Insurance Limited); Bode Opadokun, Managing Director/Chief Executive Officer, Sanlam General Insurance, at the induction ceremony of Val Ojumah into the Sanlam Pan-African Council of Elders held recently in Lagos.
Sanlam Nigeria has announced the induction of Mr. Valentine Ojumah into the Sanlam Pan Africa (SPA) Council of Elders in recognition of his professional service and leadership. SPA is the business cluster responsible for Sanlam Group’s operations in Africa, including Sanlam Nigeria. Sanlam Group is Africa’s leading non-banking financial services company on the African continent.
The SPA Council of Elders is an esteemed group of retired staff members who have made outstanding contributions to Sanlam.
Mr. Ojumah, who is one of two first-ever inductees into the council, was the pioneering Managing Director/Chief Executive Officer of the Sanlam Life Nigeria until he retired in 2022. With over 35 years of experience in risk management, insurance broking, consultancy and training within the insurance industry, academics and research, Ojumah served meritoriously and contributed to the growth of Sanlam Nigeria for 12 years in innovative ways.
Robert Dommisse CEO Sanlam Pan Africa Life said: “On behalf the SPA Life team, I am delighted to acknowledge Val as an inductee of the council. He is a visionary and exemplary leader, who has led the business with verve and conviction since inception. True to his innovative leadership, Val has been awarded some top awards during his career at Sanlam. Most recently, these included: SPA Life CEO award (2021), AfricaRe, CEO of the year in Africa (2020), Sanlam Group Chief Executive Officer award (2016). As Val moves to enjoy the next chapter in his life, we are thrilled that he has accepted to serve on the SPA Life council of Elders. We look forward to having the benefit of learning from his extensive leadership experience and fountain of knowledge to tackle challenges and opportunities for our business in the future.”
Speaking at the induction ceremony held at the Corporate Head Office Annex of Sanlam Life in Lagos, the Managing Director/Chief Executive Officer, Sanlam Life Insurance Nigeria Limited, Tunde Mimiko, congratulated Ojumah and commended his multi-disciplinary experience in building Sanlam Nigeria from inception into a successful business.
Mimiko said: “It is with great honour and rare privilege that I stand before you all on behalf of Sanlam Pan Africa to induct Val Ojumah, a colossus in Africa and beyond, into the Sanlam Pan Africa Council of Elders. I said beyond the African continent because Sanlam is not just in Africa, but also operates beyond the continent. We are proud of you. We celebrate you. Congratulations, Elder Val Ojumah.” He then went ahead to decorate Ojumah with the symbolic blue jacket reserved for the inductees.
At the event, Bode Opadokun, the Managing Director/Chief Executive Officer of Sanlam General Insurance, a subsidiary of Sanlam Life Insurance, who presented the commemorative plaque also lauded the industry legend saying, “We are proud of you and look forward to many more years of contribution to the organization as a member of the Council of Elders.”
In his induction speech, Ojumah appreciated the attendees of the event. He encouraged everyone to continue to thirst for the continuous growth and development of the organisation.
“I have learnt a great deal from everyone just the same way everyone has learnt from me; and would use the knowledge acquired for the good of the company and Sanlam Group as a whole. Thank you all for your continued support,” he submitted. He concluded by promising to be there whenever the company needed him saying: ‘Val Ojumah is for Sanlam as Sanlam is for Val Ojumah.”
During Mr. Ojumah’s 12-year tenure as the Managing Director/Chief Executive Officer of the then FBN Insurance Limited (now Sanlam Life Insurance Nigeria Limited), he demonstrated vast experience in all classes of insurance, risk management and loss-adjusting which saw the company break even by the second year, acquire another insurer which was rebranded to FBN General insurance now Sanlam General Insurance.
Under his watch, the company repeatedly reported profits for over ten decades. Among the many accolades the life insurance business received in this period were the World Finance Global Insurance Awards for the Best Life Insurance Company in Nigeria in the years 2014, 2016, 2017, 2019 and 2020.
The then FBNInsurance (now Sanlam Life) was also named the fastest growing insurance company by the National Association of Insurance Correspondents (NAIPCO).
Sanlam is a pan-African financial services group listed on the Johannesburg, Namibian and A2X stock exchanges. Through its clusters – Retail Mass, Retail Affluent, Sanlam Corporate, Sanlam Emerging Markets, Sanlam Investment Group and Santam, the Group provides comprehensive and bespoke financial solutions to institutional clients and consumers across all market segments. Sanlam’s areas of expertise include life and general insurance, financial planning, retirement, investments, and wealth management.
Established in 1918 as a life insurance company, Sanlam has evolved into the largest non-banking financial services group in Africa through its diversification strategy.
Headquartered in South Africa, Sanlam has a direct stake in financial services entities in Namibia, Botswana, Swaziland, Zimbabwe, Mozambique, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, and Nigeria.
The Group has a footprint of insurance operations in Morocco, Angola, Algeria, Tunisia, Ghana, Niger, Mali, Senegal, Burkina Faso, Cote D’Ivoire, Togo, Benin, Cameroon, Gabon, Madagascar, and Burundi.
Sanlam also has business interests in India, Malaysia and the United Kingdom.