Insurance

Breaking: NAICOM relocates inspectorate directorate to Lagos office

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Chuks Udo Okonta

The National Insurance Commission (NAICOM) today announced the relocation of its Inspectorate Directorate from the head office in Abuja to the Lagos Control office for better service delivery to stakeholders.

A statement by Head, Corporate Affairs, NAICOM, Rasaaq Salami, said the relocation is part of an ongoing restructuring exercise aimed at improving efficiency of the workforce and bringing the Commission closer to the regulated entities for effective insurance industry supervision.

“For the records, the Directorate is saddled with the responsibility of conducting on-site inspection of insurance entities for the Commission. It is imperative to note that over 90 per cent of insurance operators are headquartered in Lagos being the hub of commercial and economic activities in the country. Thus, this exercise will ensure prompt and regular inspection of these insurance firms – Insurance Companies and Brokers,” he said.

The insurance industry operators are enjoined to take advantage of this proximity to the Inspectors to enjoy quicker and efficient service delivery from the Regulator.

Recalled that NAICOM few weeks back, announced the redeployment of some Directors to new portfolios in a minor reorganisation and rotation of Heads of Directorate in the Commission.
The commission noted that the redeployment is part of an ongoing exercise aimed at improving efficiency of the Commission’s workforce for effective insurance industry supervision.

In the redeployment, Alhaji Adamu Balanti who was hitherto the Director in charge of the Research, Statistics and Information Technology Directorate moves to the Administration and Human Resources Directorate, while Amos Michael Habila who was in charge of Administration and Human Resources is now the Director of Research and Statistics.

In the same vein, Nicholas Opara who until date was the Director of Supervision now moves to the Finance and Accounts Directorate to replace the erstwhile Director, Olufemi Oluniyi Oba who has also been redeployed to oversee the Supervision Directorate.

The Directors have been enjoined to remain focused and dedicated to the mandate of the Commission as they settled into their new roles.

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