L- R Prince Babatunde Oguntade, NCRIB President – Mrs. Ekeoma Ezeibe, NCRIB Vice President – Mr. Olusegun Ayo Omosehin, Commissioner for Insurance/ CEO, – Dr. Usman Jankara, Deputy Commissioner, Technical
The National Insurance Commission’s (NAICOM) will streghten collaboration with the Nigerian Council of Registered Insurance Brokers (NCRIB) to enhance compliance, consumer protection, and broader insurance awareness across the country.
The Commissioner for Insurance (CFI), Mr. Olusegun Ayo Omosehin, stated this when he received a delegation from NCRIB, led by its President, Prince Babatunde Oguntade, together with the incoming President and incumbent Vice President, Mrs. Ekeoma Ezeibe, at the Commission’s headquarters in Abuja.
The Commissioner praised the Council for its sustained partnership with NAICOM , commending its role in advancing industry compliance and professionalism.
He equally congratulated Prince Aguntade, Mrs. Ezeibe, and Mr. Tope Adaramola, appreciating their contributions towards boosting consumer protection and broker engagement.
The CFI further congratulated NCRIB on the successful passage of the Nigerian Insurance Reform Act (NIIRA) 2025, reiterating that enforcement remains the real task assuring the Council that NAICOM would continue to rely on its collaboration to achieve effective implementation.
Highlighting industry priorities, Mr. Omosehin stressed the need to expand insurance awareness, improve competence across the market, and ensure that operators align with the Digitalization Regulation 2025.
Prince Oguntade in his reply explained that the visit was aimed at formally introducing the incoming President and to appreciate NAICOM’s guidance during his tenure in office.
He noted that operators are now more willing to comply because they have been carried along in the process, revealing that NCRIB is working towards building a hub to promote ethical responsibility.
On recapitalization, he added: “A stronger market is a healthier market.”
He further commended the Commissioner for Insurance for his pragmatic leadership,
disclosing that the induction of Mrs. Ezeibe as President has been scheduled for October 24, 2025, and extended an official invitation to the Commissioner for Insurance.
The incoming President, Mrs. Ezeibe, in her remarks, promised to sustain the cordial relationship between NCRIB and NAICOM, while commending the Commissioner for his support and collaboration in building the insurance industry.