From left: The Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro; NCRIB President, Kayode Okunoren and NCRIB Honorary Treasurer, Mrs Funke Adenusi at the first press conference of the Council held at the Council’s Secretariat, Yaba, Lagos.
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Chuks Udo Okonta
Eighty seven of the delisted insurance broking firms are not registered members of the Nigerian Council of Registered Insurance Brokers (NCRIB), its President Kayode Okunoren, has said.
He disclosed this today at a press parley in Lagos, stressing that only 21 of the affected brokers are members of the broking fraternity.
He said the NCRIB had made frantic efforts to ensure that the affected brokers are giving soft landing as against the killing of their licences.
“As you are aware, the National Insurance Commission (NAICOM) recently advertised the names of 108 Brokers delisted over compliances issues. Out of the 108 Brokers, 21 of them are registered members of the Council.
“Suffice it to say that the NCRIB is not happy that any Operator in the market will continue to flout regulatory requirements as enshrined in the law. However, the Council on my assumption of office, made a representation to NAICOM on this and sundry issues for which, as usual, we got assurance of support from the Commission.
“Whilst we are still looking at opportunity to assist those with minor infractions by interceding for them in NAICOM, we have equally made this clear to our members that the regulatory environment of today requires more discipline than hitherto and that compliance issues must no longer be treated with levity,” he said.
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB), Tope Adaramola; Executive Secretary, Fatai Adegbenro; NCRIB President, Kayode Okunoren and NCRIB Honorary Treasurer, Mrs Funke Adenusi at the first press conference of the Council held at the Council’s Secretariat, Yaba, Lagos.
He made an appeal to NAICOM to always ensure sustenance of effective communication channels with the NCRIB in such a way that its members are notified in good times on any aspect of compliance in which they are on the path of erring, stressing that this could even be done through the Council in the spirit of the existing cordial relationship.
He renewed his pledge to take the broking profession to lofty heights, adding that he will sustain his promise of running an open door policy
“At my investiture in October, 2015, you will recall that I emphatically noted that in order to give proper direction to my tenure as President, I decided to code name this tenure “A Regime of Consolidation and Progress”.
“This was articulated in a nine point agenda. God willing; we will pursue these with strong determination. Once again we enlist your support and encouragement for my successful tenure of office as I stand by my promise to I run an open door policy,” he posited.