Insurance

ECOWAS to inaugurate Musa as Chairman, Council of Bureaux

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Chuks Udo Okonta

The Economic Community Of West African States (ECOWAS) is set to inaugurate Ganiyu Musa, as the Chairman of Council of Bureaux, ECOWAS Brown Card Insurance Scheme.

To this end, the inauguration, slated for 26th of January, 2020, is expected to take place in Abuja and will attract stakeholders in insurance and financial sectors across Nigeria and West Africa.

According to the organisers, the inauguration ceremony will be organised with strict adherence to Covid-19 protocol as stipulated by Nigerian Centre For Disease Control(NCDC).

‘This event would be followed by formal handing over ceremony to Ganiyu Musa the in-coming chairman,’ the organisers added.

Musa is currently the chairman, Nigerian Insurers Association(NIA) and the group managing director, Cornerstone Insurance Plc.

Ganiyu Musa is a highly experienced management professional with over 35 years of diversified experience in insurance, reinsurance, audit, consulting, business advisory and financial management. His professional experience started with Pannell Kerr Forster and later Arthur Andersen & Co where he trained and qualified as a Chartered Accountant and gained top quality experience in audit and financial consulting.

He subsequently worked at African Reinsurance Corporation for 19 years, holding key positions, including Director of Finance & Accounts/Chief Financial Officer and Deputy Managing Director. He played a lead role in the creation and initial supervision of the risk management function at African Reinsurance Corporation and supervised the design of the Corporation’s investment guidelines and asset allocation. He was also instrumental in the preparatory work and the eventual setting up of the corporation’s subsidiary in South Africa, where he subsequently served on the Board and Audit Committee as well as the Retakaful subsidiary in Cairo, Egypt.

He left Africa Re in 2011 to join African Capital Alliance (ACA), a leading pan-African private equity firm as Insurance Sector Specialist and a Director on the Board of Cornerstone Insurance Plc.

He joined Cornerstone Insurance Plc in 2012 as the Group Managing Director/CEO and he is the current Chairman of the Nigerian Insurers Association having also served as Deputy Chairman and Treasurer.

In addition to Cornerstone Insurance Plc, Musa currently serves on the Board of a Pension Fund Administration company and an Oil& Gas Exploration and Producing Company.

Ganiyu holds a Bachelor of Science (B.Sc. Hons.) degree in Business Administration and a Master in Banking and Finance (MBF) degree, both from the University of Lagos. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), having won multiple National merit awards in the qualifying professional examinations. He is also a Senior Member of the Chartered Insurance Institute of Nigeria.

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