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Chuks Udo Okonta
The newly elected Chairman of Nigerian Council of Registered Insurance Brokers Lagos Area Committee (NCRIB-LAC) Olufemi Oduwole, has identified strategic collaboration; training & human capital development; image building, strategic campaign and sustenance of catch-them-young campaign as key focus during his administration.
Oduwole stated this in the inaugural speech presented at his investiture as the 12th Chairman of NCRIB-LAC in Lagos.
He noted that realising that the key to progress of the NCRIB-LAC is in forging progressive relationship with notable institutions, his leadership team would, through the support and endorsement of the national secretariat, sustain the tempo of relationship with strategic stakeholders in the professions and commerce.
“While making intercessions for members with the National Insurance Commission (NAICOM) through the national secretariat, we would extend the frontiers of our collaboration to Area Committees or Branches of notable professional institutions like ICAN, CIPM, NIMN to exchange ideas for growth,” he posited.
On training and human capital development, he submitted that in a fast paced world, human capital development must be continuous, stressing that as a knowledge based institution, he would lead members to garner required knowledge through engagement of professionals within and outside the insurance industry to train members on dynamic issues affecting their lives and practice.
“I am happy note that during this tenure we would reinvent the LAC OPEN HOUSE where we choose a day in a quarter to have members listen to an insurance icon or a worthy personality speak to members in a convivial environment,” he said.
According to him, this initiative would further foster comradeship or fraternity which insurance practitioners have been noted for from the “Coffee House” days.
Speaking on image building and strategic campaigns, he stated that
during his tenure, his team would not relent in promoting insurance knowledge and acceptance through messaging in local Nigerian languages.
He said the team would also spend more time to reach those who traditionally they had never reached but that must be captured in the financial inclusion net.
On sustenance of catch-them-young campaign, he remarked that
while realising the huge strides that his predecessors have achieved in this area, his team would indeed sustain the campaign to schools to order to “indoctrinate” the younger ones with knowledge about insurance as future providers and consumers.
“In doing this, we would also be giving more attention to empowering the teachers of insurance more with the contemporary skill sets they need for quality impartation of knowledge on the students.
“Happily, we have mapped out a programme, starting from January 2025 to train teachers in the public and private schools in Lagos State through online platforms, to be facilitated by highly resourceful practitioners among them the first female Professor of Insurance,” he submitted.
Oduwole maintained that at the end of the training, the best three teachers that emerged would be given cash gifts and awarded scholarships to write the AIIN examinations.
While realising the huge sacrifice that the above would require, I am using this opportunity to enlist the support of all members as a tree, however huge, can never make a forest, he appealed.
He solicited that stakeholders lend their prayers and support so that together, they can make the Area Committee and by extension, the Council great.
The President of NCRIB Babatunde Oguntade, congratulated the new LAC Chairman, stating that his election is a reflection of the dedication, vision and trust that members have placed in him.
He urged him to rise to the occasion and lead with excellence, building upon the solid foundation laid by his predecessors and advancing the broking shared goals.
Profile
Oduwole Olufemi Adetola was born devoted Christian family of Pa. Kehinde and Mrs. Elizabeth Oduwole on the 5th of March, 1974 from Imuku, Ilugun, Ogun State.
His father was a Civil Servant at Ministry of Works and Housing, who retired from active service after his meritorious 35 years in service and died on the 14th December, 1999 (25 years ago) while his mum, fondly called Mummy church is still very heathy, strong and agile.
He is happily married to Aina and blessed with three boys.
Olufemi started his primary school education in 1981 at Abule Oja Adventist Primary School, Yaba, Lagos State which he finished in the year 1987 and further proceeded to Eletu-Odibo High School, Yaba, Lagos State for his Secondary School Education which he completed in the 1994.
Olufemi got admitted to Lagos State Polytechnic, Isolo, Lagos State in the year 1996 to study Insurance where he acquired his Ordinary National Diploma (OND), Insurance in 1998. Because of his love for Education he proceeded for his Higher National Diploma (HND) in Insurance in the same Institution and graduated in the year 2002.
In furtherance of his career development, he was awarded Post Graduate Diploma in Marketing, in 2005 by the Lagos State University, Ojo.
He subsequently qualified as an Associate of the Chartered Insurance Institute of Nigeria, AIIN, in 2009 in a flying colours being awarded the best student in Nigeria in a course, Insurance Claims and Procedures.
He was inducted as an Associate of The Nigerian Council of Registered Insurance Brokers, ACIB, in 2013. He added another feather to his cap by completing his Master’s in Business Administration in Management at the Nigeria Open University of Nigeria in 2014.
Qualifications Summary: YEAR
Primary School Leaving Certificate 1987
West African Examination Council – WAEC 1994 Ordinary National Diploma- OND (Insurance) 1998
Higher National Diploma – HND (Insurance) 2002
Post Graduate Diploma – PGD (Marketing) 2005
Associate Member, Nigerian Institute of Credit and Risk Management 2007
Associate Member, Chartered Insurance Institute of Nigeria 2009
Associate Member, Nigerian Council of Registered Insurance Brokers 2013
Master’s in Business Administration (Management) 2014
Fellow of the Nigerian Council of Registered Insurance Brokers 2022
Olufemi joined Leverage Insurance in 1999 as a management trainee after completing his National Diploma in Insurance at the Lagos State Polytechnic, Isolo, Lagos State.
He distinguished himself as an articulate, efficient insurance professional and a dedicated staff of the company. In recognition of his capabilities, he was promoted to a full Manager in 2004, with responsibilities to manage underwriting and claims functions of various clients and latter promoted to a senior manager level in 2007. In 2014, he was promoted to the post of General Manager, with responsibilities for the entire Lagos regional operations.
In view of his brilliant performance in this post and creditably contribution to the growth of the company, in the year 2017, the Board of the company approved his promotion to the post of the Deputy Managing Director of the company and thereafter proposed him as the Managing Director of the company in 2020.
After vetting his CV, credentials and years of experience in the insurance market , the Regulator – National Insurance Commission approved Olufemi, as the substantive Manging Director of the company, Leverage Insurance Brokers Limited.
Oduwole is also heavily involved in activities of the Insurance Industry and has served as –
• Public Relations Officer, Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2014 – 2016.
• Financial Secretary, Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2016 to 2018.
• Treasurer – Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2018 to 2020
• Ex-Officio- Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2020 to 2022
• Vice Chairman – Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2022 to 2024
• Chairman, Finance Committee, Nigerian Council of Registered Insurance Brokers, Lagos Chapter – 2017 to 2019.
• Examiner/Panelist for quiz Competition organized by The Best Miss Insurance 2014 for Lagos State Secondary School Students.
• Course Lecturer – Insurance Claims at Bafkoc Coaching Centre, Yaba College of Technology Secondary School, Yaba, Lagos State
• Consistently awarding the best insurance student in various courses since 2018 to date
.
Achievements during his tenure as the President of his alma mater – Eletu Odibo High School Students Association
• Donation of cheque to the school for extra class for SSS 3 students writing WAEC
• Donation of plaques and cash gift to the best teachers for both junior and secondary school in collaboration with the Rotary Club of Gbagada South.
• Organised award ceremony for the best students in some selective subject for junior school.
• Provision of 100 tables and chairs to the school in collaboration with Lanre Laoshe Foundation
• Donation of public address system and 2 microphones to the school to use at the assembly and other functions
• Free Group Life Assurance Policy for all financial members to the tune of N1.0M
• Sponsorship of 2 best students for JAMB
• Sponsorship of SSS3 commercial class for the insurance competition organized by the Nigerian Council of Registered insurance brokers – Lagos area Committee
• Organised stakeholders meeting with the parents, first of its kind
Olufemi has attended various local and international workshops, seminars, forums and his experience covers Underwriting, policy Management and claims issues of all Classes of Insurance.
Oduwole is a member of Lagos Country Club of Nigeria, he is happily married with Children and he is currently the Managing Director of Leverage Insurance Brokers Limited.
The newly executives of NCRIB-LAC
Mr. Olufemi Oduwole Chairman
Mrs. Bukola Aiyeola Vice Chairman
Dr. Dapo Owoeye General Secretary
Ms Caroline Abada Assistance Secretary
Mr. Cashmir Azubuike Treasurer
Mr. Henry Ugweje Publicity Secretary
Mr. Gbemileke Huntai
Financial Secretary
Mr. Paul Ajayi
Internal Auditor
