The Governing Board of the National Insurance Commission (NAICOM), has approved the promotion of five(5) staff to the grade of Director following the promotion exercise conducted on 27th March, 2024.

A statement by the Commission made available to this medium said the approval is an offshoot of the meeting of the Governing Board board held on 21st June, 2024.

Listed as the promoted directors include: Mr. Ajibola Bankole – Director, Inspectorate; Mr. Ahmad Ibrahim Adamu – Director, Innovation & Regulation; Dr. Talmiz Usman – Director, Legal, Enforcement & Market Development; Mr. Kamaludeen Barde – Director, Finance & Accounts, and Mr. Rasaaq Salami – Director, Human Resources & Administration

The Governing Board also approved the updated organisational structure of the Commission to enhance its efficiency, effectiveness, and adaptability. This restructuring ensures that the organisational structure aligns with the Commission’s strategic goals and objectives, aiding the executive management in achieving its mandate.

The new directorates included in the new structure are: Inspectorate, Supervision, Market Conduct & Complaint Bureau, Innovation and Regulation, Legal, Enforcement & Market Development, Human Resources & Administration, Finance & Accounts and Technology, Strategy & Research.