Connect with us

News

CIIN president advocates smart regulations for insurance industry

Published

on

The President, Chartered Insurance Institute of Nigeria (CIIN), Mrs Yetunde Ilori, on Thursday advocated for smart regulation that encouraged innovation in the insurance industry.
Ilori made the call while delivering a welcome address at the 2024 Insurance Professionals Forum organised by the Chartered Insurance Institute of Nigeria (CIIN) in Abeokuta.
The theme for the forum is, “The Insurance Industry: Transformation Strategies Towards Expanding Market Reach.
She said that as the market evolved, so the regulatory landscape must also evolve.
According to her, regulators of the industry must also ensure consumer protection, saying it is vital to being able to explore new business models and expand into new regions.
Ilori explained that insurance, at its core, had always been about providing protection and security to individuals, families and businesses.
“As we move further into the digital age, traditional methods are being challenged with emerging new avenues for innovation.
“To stay competitive, we must adopt transformation strategies that not only allow us to survive but also to thrive in this dynamic environment,” she said.
According to her, the insurance sector presently faces an unprecedented opportunity to reinvent itself.
Ilori noted that through digital transformation, insurers could offer personalised, seamless experiences for its customers; simplify its operations and create innovative products that addressed the changing risk landscape.
“Whether through AI-driven underwriting, blockchain in claims management, or new models like on-demand insurance, our industry is being reshaped.
“However, transformation is not only about technology. It is about creating a customer-centric mindset that focuses on building trust, offering transparency and fostering long-term relationships,” she said .
According to her, the theme of the forum cannot be more relevant or timely, as it aligns with the theme of her presidency, “Igniting the Bedrock of our Envisioned Industry”.
The CIIN president charged insurance professionals to be disciplined, trustworthy and run a business where clients could vouch for them of prompt claims settlement, being pertinent in a customer-centric atmosphere.
Ilori also advised the insurers to enhance financial inclusion, adopt digital technologies, foster a culture of innovation, continuous learning and agility to expand the insurance market.
“Together, we can shape the future of the insurance industry—one that is inclusive, resilient, and prepared for whatever challenges and opportunities lie ahead,” she said.
In his goodwill message, the Alake of Egbaland, Oba Adedotun Gbadebo III, lauded insurance practitioners for providing the financial safety net for people, while pledging to support the industry in any possible capacities.
Gbadebo, represented by Mr Afolabi Fashanu, however charged the underwriters to be more proactive and prompt in paying claims, while offering more innovative products and customer-centric services to their clients.
In a panel session, Mr Victor Banjo, Director, Insurance Education of Lagos Business School, commended the CIIN’s leadership role in grooming world-class talents for an international industry.
Banjo charged insurance operators to shift their focus from rarely offering products, to placing emphasis on customer-centric service delivery to deepen insurance penetration.
He said: “Traditionally, the insurance industry has been product-centric with strong emphasis on risk management and financial protection.
“However, this approach often leads to a disconnect between insurers and the clients.
According to him, customer-centrism is important to improve customer satisfaction, increase loyalty and retention, boost higher revenue and profitability, as well as build trust and reputation,”he said. (NAN
ALSO READ:  Security: Gani Adams wants S/West governors to partner OPC
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

2025/2026 Academic Session: Federal University Of Applied Sciences Kachia, Get 18 Courses Approval From NUC

Published

on

By Tambaya Julius, Abuja

The National Universities Commission (NUC) has officially approved 18 full-time programmes for the Federal University of Applied Sciences Kachia (FUASK). The approval was granted by Nigeria’s National Universities Commission (NUC), positions the university as a beacon of advanced learning and practical skills development in applied sciences and technology.

The announcement was made by FUASK’s inaugural Vice-Chancellor, Professor William Qurix, via an official release issued by the University Registrar, Professor Sanusi Gambo, on Tuesday in Abuja. Professor Gambo said that the newly approved courses will commence with the 2025/2026 academic calendar.

According to the registrar the approved courses reflect a strategic response to both domestic and international workforce demands, particularly within the sectors of science, healthcare, computing, and architecture. “The introduction of these programmes will enable FUASK to equip students with the professional expertise and hands-on experience required for modern job markets” He stated.

The programmes which include:

Bachelor of Medicine and Surgery

B.Sc. Software Engineering

Doctor of Pharmacy

B.Sc. Information Technology

B.Sc. Computer Science

B.Sc. Cyber Security

B.Sc. Environmental Resource Management

B.Sc. Microbiology

B.Sc. Biotechnology

B.Sc. Anatomy

B.Sc. Physiology

Bachelor of Medical Laboratory Science

Bachelor of Radiography

Bachelor of Health Information Management

Bachelor of Nursing Science (B.NSc.)

B.Sc. Architecture

B.Sc. Quantity Surveying

B.Sc. Industrial Chemistry

Speaking on the significance of the NUC approval, Professor Qurix expressed that the development marks more than just regulatory progress it is a clear indication of FUASK’s commitment to becoming a centre of excellence in applied scientific education and research.

“This achievement is a testament to our vision of delivering a modern, practice-oriented academic experience,” said Qurix. “It showcases our dedication to equipping students with innovative skills tailored to meet real-world challenges across vital sectors such as medicine, information technology, pharmacy, and environmental science.”

ALSO READ:  Bandits kill 9 persons, raze 6 houses in Plateau Killing

The Vice-Chancellor also emphasised that the approval wouldn’t have been possible without the unwavering efforts of the university’s academic and administrative staff. He praised their dedication in working meticulously to ensure that FUASK met the strict standards required by the NUC for programme accreditation.

Continue Reading

News

Group Accuses Gov Dauda Lawal of Imposing Impunity, Suspending Constitution for Selfish Reasons

Published

on

Gives Reasons for State of Emergency in Zamfara State

The Northern Democratic Watch (NDW) has accused Governor Dauda Lawal of Zamfara State of imposing impunity and suspending the constitution for selfish reasons, leading to a constitutional crisis in the state.

According to NDW President, Amb. Mahmud Abubakar, the governor’s actions have resulted in the emergence of two rival factions of the State House of Assembly, creating a constitutional nightmare that has left citizens bewildered and abandoned.

Abubakar cited the unlawful suspension of ten duly elected members of the House of Assembly without credible legislative procedure or fair hearing, effectively disenfranchising thousands of Zamfara citizens.

The NDW demanded an immediate and independent investigation into the crisis, reinstatement of the suspended lawmakers, nullification of the 2025 budget process, and declaration of emergency rule in Zamfara State to restore law, order, and constitutional governance.

The group described the crisis as a fundamental threat to Nigeria’s democracy, urging the National Assembly to act with courage and urgency to restore democracy and protect citizens’ constitutional rights.

The NDW called on President Bola Ahmed Tinubu to invoke his constitutional powers to declare a state of emergency in Zamfara State, temporarily suspending existing political structures to restore peace, stability, and constitutional governance.

“In flagrant violation of the Constitution and the principles of natural justice, ten duly elected members of the Zamfara House of Assembly were suspended indefinitely,” Abubakar said at a press conference.

“No credible legislative procedure was followed, no fair hearing was granted, and no constitutional safeguards were respected. These actions, based solely on political differences and personal vendettas, have effectively disenfranchised thousands of Zamfara citizens, stripping them of their constitutional right to representation.

ALSO READ:  Tinubu To Unveil Ministers, Others Within 60 Days – Faleke

“Worse still, a bizarre situation has emerged where two parallel legislative houses are operating independently of each other, enacting conflicting resolutions, and creating a constitutional nightmare that has left the citizens of Zamfara bewildered and abandoned.

“Under this atmosphere of impunity, the state government has gone ahead to claim the passage of the 2025 Appropriation Bill; a process so compromised, so fraught with illegality, that it calls into question the very foundation of governance and fiscal responsibility in the state.

“The existence of two parallel Houses of Assembly in Zamfara State is not just a local embarrassment; it is a direct assault on Nigeria’s democracy. It is a violation of the rights of the electorate who entrusted their votes to their representatives. It is a repudiation of the rule of law and a dangerous slide into lawlessness that must be urgently arrested.

“Given the seriousness of the situation, the Northern Democratic Watch (NDW) makes the following demands:

“Immediate and Independent Investigation:
We call on the National Assembly to immediately launch an independent, transparent, and credible investigation into the unlawful suspension of the ten lawmakers and the emergence of parallel legislative factions in Zamfara State.

“We demand the immediate reinstatement of the ten illegally suspended members of the Zamfara State House of Assembly. Their suspension is unconstitutional, illegitimate, and represents an unacceptable violation of their rights and the rights of the people they represent.

“The purported passage of the 2025 Appropriation Bill, conducted under such illegal and chaotic circumstances, must be immediately nullified. We urge the National Assembly to supervise a proper legislative process that respects constitutional order, due process, and democratic norms before any budget can be deemed valid in Zamfara State.

ALSO READ:  BREAKING: DSS Issues Fresh Statement On Emefiele’s Arrest, Uncovers Plot Against FG

“We call on the National Assembly to, without delay, advise President Bola Ahmed Tinubu to invoke his constitutional powers by declaring a state of emergency in Zamfara State.

“The world is watching. Nigerians are watching. History is watching. The National Assembly must act with courage, patriotism, and urgency.”

Continue Reading

News

Lawyers, CSOs Storm NNPCL with FOI Requests on Mele Kyari’s Tenure

Published

on

Demands Full Disclosure on Refurbished Refineries

A coalition of lawyers and civil society organizations (CSOs) today submitted a Freedom of Information (FOI) request to the Nigerian National Petroleum Corporation Limited (NNPCL), seeking full disclosure on the status of refineries refurbished during the tenure of Mele Kyari, the former Group Chief Executive Officer.

The Concerned Citizens Against Corruption, leading the coalition, demanded transparency and accountability on the reported expenditure of $4 billion on refineries repairs.

Led by Comrade Ogwuche Emmanuel, the group alleged inflation of refineries rehabilitation contracts, fraudulent allocation of crude oil proceeds, misappropriation of funds, and other questionable practices during Kyari’s tenure from July 2019 to April 2025.

The FOI request seeks specific details on payments to consultants and contractors, crude oil allocations, budgetary provisions for the AKK Pipeline Project, documentation on gasoline imports, and information on crude-backed loans and oil exploration activities.

The group emphasized the need for accountability and restoring public trust in NNPCL’s operations.

They urged the NNPCL to provide the requested information within the stipulated timeframe under the Freedom of Information Act.

“We are concerned about the growing reports of monumental Inflation of the Refineries Rehabilitation Contracts with allegations that the costs of refurbishing the refineries were significantly inflated, Fraudulent Allocation and Mismanagement of Crude Oil Proceeds, Misappropriation of Funds in the AKK Gas Pipeline Project, Fuel Subsidy Fraud, Value Review for NNPCL’s Crude-Backed Loans, and Fraudulent Oil Exploration Activities that have yielded no benefits to the nation,” the letter signed by Comrade Ogwuche Emmanuel said.

“Our findings, supported by reliable intelligence, suggest a pattern of institutionalizing of these questionable practices during Mallam Kyari’s tenure. As an organisation of law-abiding Nigerians, who are affected by these identified issues, we require information to seek judicial intervention.

ALSO READ:  Security: Gani Adams wants S/West governors to partner OPC

“Consequently, we require the following information from July 1, 2019 to April 29, 2025: Specific details of payments to consultants and contractors, work scopes, and the justification for payments for the Port Harcourt, Warri and Kaduna Refineries.

“Information regarding crude oil allocations and financial transactions under the guise of pipeline security payments. Details of the budgetary provisions, foreign financing arrangements, and physical progress of the AKK Pipeline Project.

“Documentation including ship records, bills of lading, and discharge certificates for gasoline imports during the stated period. Information regarding the structure, terms, and purposes of crude-backed loans taken from 2019 to date.

“Documentation and feasibility outcomes of oil exploration activities in Gombe, Bauchi, Ogun, and Nasarawa states. Given the gravity of the allegations that necessitated this request, it is imperative that the NNPCL provides full transparency on the expenditures and activities undertaken during Mallam Kyari’s tenure”.

Continue Reading