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CIIN president advocates smart regulations for insurance industry

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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
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Palm Sunday: CAN Urges Peace, Condemns Plateau Killings

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As Christians around the world mark Palm Sunday, the beginning of Holy Week, the Christian Association of Nigeria (CAN) has called for peace and unity in the country.

Extending warm greetings to all the faithful and people of goodwill across the nation on Palm Sunday, CAN said the sacred occasion invites citizens to reflect deeply on the life and mission of Jesus Christ, whose message of peace, humility, and sacrificial love remains as urgent today as it was over two thousand years ago.

This was contained in a statement released by the Christian body on Sunday, and signed by its President, Archbishop Daniel Okoh.

The umbrella body for Christians in Nigeria also strongly condemned the recent wave of brutal killings in Plateau State, particularly the April 4, 2025 attacks that claimed dozens of innocent lives in Bokkos and Mangu Local Government Areas.

It added that the acts of violence represent not only a gross violation of human dignity and the sanctity of life but also a serious threat to our national unity and peace.

CAN called on the security agencies to act swiftly and decisively in bringing the perpetrators to justice.

The statement read in part, “Palm Sunday commemorates the triumphal entry of Jesus Christ into Jerusalem, where He was welcomed with palm branches and shouts of “Hosanna!”—a powerful symbol of peace, humility, and hope.

“This moment, recorded in the Gospels (Matthew 21:1–11, Mark 11:1–11, Luke 19:28–44, and John 12:12–19), offers enduring lessons for our nation as we navigate these uncertain and challenging times. These lessons are especially pertinent as we are once again confronted with a painful reminder of the fragility of peace in our land.

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“With deep sorrow, CAN strongly condemns the recent wave of brutal killings in Plateau State, particularly the attacks of 4 April 2025, which claimed the lives of dozens of innocent citizens in Bokkos and Mangu Local Government Areas. These senseless acts of violence represent not only a gross violation of human dignity and the sanctity of life but also a serious threat to our national unity and peace.

“We call on the security agencies to act swiftly and decisively in bringing the perpetrators to justice. We also urge the government—at all levels—to intensify its efforts to secure all communities and prevent further bloodshed. The continued loss of lives in such tragic circumstances is simply unacceptable.

“We stand in solidarity with the bereaved families and the people of Plateau State. May God grant comfort to the grieving, healing to the wounded, and peace to every troubled heart. In times like these, we are reminded that true leadership is most vital when lives are at risk and communities are in distress.

“In this critical moment, we call on our leaders to rise to the occasion with humility and a clear sense of purpose. Jesus’ choice to enter Jerusalem on a donkey—symbolising peace and servanthood—remains a timeless example. Our leaders must embrace the principles of servant leadership, placing the welfare of the people above personal or political interests. Amidst insecurity, economic hardship, and displacement, let their actions be marked by compassion, justice, and a steadfast commitment to national healing.

“In the same spirit, we appeal to all Nigerians—regardless of ethnicity, religion, or political affiliation—to rise above division and embrace our shared identity as one people under God. Just as the diverse crowds in Jerusalem were united in hope, so too must we come together with a common purpose: to heal our land and build a future grounded in mutual respect, compassion, and solidarity.

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“Palm Sunday reminds us that even in times of trial, there is hope. The journey to national renewal begins with each of us. Let us be mindful of our words and actions, choosing to be peacemakers in our homes, communities, and workplaces. Through a shared commitment to truth and justice, we can overcome the pain of the present and help shape a Nigeria where every citizen has the opportunity to thrive.

“As we lift our palm branches today, let them serve not only as symbols of worship but as signs of our collective resolve to work for a peaceful and united Nigeria. May God grant us wisdom, courage, and grace in these trying times. We pray for our leaders, that they may be guided by divine insight; for our people, that they may draw strength from unity; and for our nation, that peace may reign in every corner.

“God bless you all, and God bless the Federal Republic of Nigeria.”

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‘An Enduring Legacy’, Otedola Pays Tribute To Christian Chukwu

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Billionaire businessman, Femi Otedola, has joined other prominent Nigerians in paying tribute to late Super Eagles legendary former captain and coach, Christian Chukwu, who died on Saturday.

The Nigerian football icon, nicknamed ‘Chairman’ for his imposing presence and the authority he exuded just in defence, died at 74, throwing family, friends, and the entire nation into mourning.

In a tribute to the former centre defender posted on his social media pages on Sunday, Otedola said that Chukwu creatively used the game of football as a unifying force for us as individuals and the nation in general.

“The sudden passing of the legendary Christian Chukwu, former captain and head coach of the Super Eagles, has come as a rude shock to me. As one of Nigeria’s Patriots, Christian Chukwu creatively used the game of football as a unifying force for us as individuals and the nation in general.

“His footballing career as the captain and subsequently coach of the national team remains legendary and fully etched in the annals of our national history,” the statement said.

The former national team and Enugu Rangers captain was diagnosed with prostate cancer in 2019, and Otedola stepped in to offer financial support for his medical treatment in the United Kingdom.

The Executive Chairman of Geregu Power PLC recalled that his intervention in 2019 saw Chukwu saw through a very challenging time and gave him a new lease of life.

He condoled the family of the late legendary footballer and his fans all over the world.

“Back in 2019, when he was diagnosed with prostate cancer that affected his legs, I stepped in with the necessary support so as to enable him receive comprehensive care and medical treatment in the United Kingdom.

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“Thankfully, that intervention and opportunity saw him through a very challenging time and gave him a new lease of life. My condolences go out to his entire family and to his fans all over the world. May you all find comfort during this difficult time. May his soul rest in peace.”

Chukwu captained Nigeria to their first Africa Cup of Nations (AFCON) trophy in 1980 and was also a former coach of the side between 2002 and 2005. He led the Super Eagles to a third-place finish at the 2004 edition of the continental competition in Tunisia.

He devoted his club career to Enugu Rangers, where he won multiple national titles and led the club to continental glory with their 1977 African Cup Winners’ Cup triumph.

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Nothing ntew in FBI’s Reports On Tinubu – Presidency

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The Presidency has reacted to the directive to US law enforcement agencies to release confidential information generated on President Bola Tinubu.

Elanza News had reported how a United States District Court ordered the FBI to release the information on Nigeria’s number one citizen.

Reacting, Bayo Onanuga, Special Adviser to the President on Information and Strategy, said the information being sought did not indict President Bola Tinubu.

He also hinted that there is nothing new, in the report by Agent Moss of the FBI and the DEA report, saying the report has been in the public space for more than 30 years.

According to Onanuga, “Journalists have sought the Presidency’s reaction to the ruling last Tuesday by a Washington DC judge ordering the US FBI and DEA to release reports connected with President Bola Ahmed Tinubu.

“There is nothing new to be revealed. The report by Agent Moss of the FBI and the DEA report have been in the public space for more than 30 years. The reports did not indict the Nigerian leader. The lawyers are examining the ruling.”

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