NIA-RACC to hold 2025 annual retreat from August 14 in Abeokuta, Ogun State

From left: Mrs. Bernice Onyebuchi, Assistant Honorary Secretary; Mrs. Modupe Akinwande Vice Chairman RACC; Olugbenga Akinlalu, Chairman RACC, Julius Elusakin, Honourable Secretary; Mrs. Bosede Agbogun, NIA Representative; Mrs.. Modupeade Adepoju, Chairperson ERM Sub Committee; Oluwamuyiwa Aderibigbe Training and Research Sub Committee at the event

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Chuks Udo Okonta

The Nigerian Insurers Association (NIA) Risk, Audit & Compliance Committee (RACC) will from Thursday, August 14 to Saturday, August 16, 2025 hold its 2025 annual retreat in Abeokuta, Ogun State.

The Chairman of RACC Olugbenga Akinlalu, who disclosed this today at a press conference in Lagos, stated that the retreat is themed: ‘Insurance Industry Recapitalisation: Strengthening Governance Activities For Maximum Benefits’.

He noted that the theme is both timely and strategic, coming at a period when the insurance sector is undergoing transformative changes aimed at enhancing financial stability, deepening market confidence and aligning with global best practices.

He said the Group Executive Director of Continental Reinsurance Plc Emeka Akwiwu, would be the Lead Paper Presenter, focusing on the theme of the retreat.

From left: Mrs.Modupeade Adepoju, Chairperson ERM Subcommittee, Mrs. Bosede Agbogun NIA Representative, Mrs Joy Sulucainan Chairperson Compliance and logistics subcommittee and oluwamuyiwa Aderibigbe Chairperson Training and Research Sub-committee at the event.

According to him, as recapitalisation efforts gather momentum, it is imperative that governance structures within companies are strengthened to ensure that the anticipated growth is both sustainable among members companies.

Akinlalu submitted that the capacity building retreat is expected to have over 150 attendees, noting that the event would declared open by the NIA Director General Mrs. Bola Odukale, while the Chairman Kunle Ahmed will also graced the event.

He maintained that this year’s programme has been thoughtfully d signed to provide participants with critical insights into effective governance practices, regulatory expectations and the operational adjustments necessary to maximize the benefits of recapitalisation, adding that it would also offer a platform for robust engagements, share learning and strategic collaboration among member companies.

From left: Mrs. Modupe Akinwande Vice Chairman, Gbenga Akinlalu Chairman, mr Julius Elusakin Hon. Secretary, Mrs. Modupeade Adepoju Chairperson ERM sub committee at the event.

Speaking on the derivable benefits from the event, he submitted that participants would be equipped with knowledge and skills that would enable them identify, assess, manage and adequately prepare for inherent challenges of recapitalisation; participants would adapt to changing trends including those related to mergers, acquisitions and buying over; enabling participants to develop and make recommendations to regulators a robust transitional framework for operational adjustment for maximum benefits amongst others.

He maintained that the retreat would focus on employees wellbeing, creating a supportive and healthy work environment, reducing stress and burn out and improving overall employees satisfaction and engagement, ultimately leading to better performance and retention