Buhari appoints Thomas Commissioner for Insurance,CEO of NAICOM


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Chuks Udo Okonta

President Muhammadu Buhari has approved the appointment of Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer (CEO), National Insurance Commission (NAICOM).

Thomas appointment was disclosed in a statement dated May 2, 2020 and signed by the Special Adviser, Media and Communications
To the Honourable Minister of Finance, Budget and National Planning, Yunusa Tanko Abdullahi.

It will be recalled that Thomas replaced immediate past commissioner for Insurance/CEO, Mallam Mohammed Kari, as Acting Commissioner for insurance/CEO of the National Insurance Commission in July 2019. Thomas, who has over three decades of experience in the industry as an operator and regulator, was appointed Deputy Commissioner in charge of technical matters by President Buhari in April 2017. He was formerly Director-General (DG) of the Nigerian Insurers Association (NIA) in 2010.

The President also approved the appointments of two board members for Nigeria Deposit Insurance Corporation (NDIC), Mrs. Ya’ana Talib Yaro as the Non Executive Director representing the North East, and Mrs. Diana O. Okonta as Non Executive Director, to fill the slot for the South South.
The appointments take immediate effect.


  1. This’s a very well deserved appointment as Mr . Thomas is not only a consumate technocrat but also a well groomed administrator who has seen it all from the operators angle and now the from the regulatory perspective since 2017 . He has been able to stabilize the industry since his assumption of office as the Commissioner for insurance albeit in the acting capacity since July 2019. No doubt his confirmation is a testimony of the confidence the industry stakeholders have in his leadership. I pray for his successful tenor as a substantive Commissioner with imbued wisdom and good health from the Almighty Allah. Congratulations

  2. Emmanuel Ntafiong

    This is a very good and informative site for people like me in the insurance industry . Thank you .

  3. Josephine Gbuji

    Yeess now a well grounded and progressive insurance guru to run Insurance affairs Congrats to Oga Thomas!!!

  4. Chief Nwakibie Patrick Egbuniwe

    I join in congratulating Mr. Thomas. A seasoned professional who has great respect and listens to the views expressed by his colleagues for the good of the industry.

  5. Peter Tai. Adediji

    This is a welcome development to the insurance industry as a whole. He is rightly the round peg in a round hole. He has all that it takes for the job. Since he came in in July 2019 he has been able to demonstrate his technical capability in a friendly manner. He is also a freemixer without compromising his integrity
    I join other wellwishers to congratulate our new Commissione for Insurance

    • Nkem Joel

      Let me join the rest to congratulates you sir on your appointment as the substantive commissioner for Insurance.

  6. Omoyelu oluwatoyin

    Round peg in a round hole.

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