The Governing Council

The NIA Governing Council is the apex decision making organ of the Association and comprises Chief Executives of member companies, who are elected annually at a General Meeting of all members. The Governing Council is regularly furnished with information on issues related to insurance practice by a team of specialized technical committees and the Advisory Committee of the Council.

Principal Officers

Mr. Olusegun Omosehin


Mrs. Bola Odukale

Deputy Chairman

Mr. Kunle Ahmed

Honorary Treasurer

Mrs. Folashade Joseph

Asst. Honorary Treasurer

Mrs. Yetunde Ilori

Director General/CEO


Mr. Olusegun Omosehin

Position: Chairman

Member Company: Old Mutual Nigeria Life Assurance Company

Mrs. Bola Odukale

Position: Deputy Chairman

Member Company: Capital Express Assurance Co. Ltd

Mr. Kunle Ahmed

Position: Honorary Treasurer

Member Company: AXA Mansard Insurance Plc.

Mrs. Folashade Joseph

Position: Asst. Honorary Treasurer

Member Company: Nigerian Agric. Insurance Corp.

Mr. Ganiyu Musa

Position: Past Chairman

Member Company: Cornerstone Insurance Plc

Mr. Tope Smart

Position: Past Chairman

Member Company: NEM Insurance Plc.

Mr. Eddie Efekoha

Position: Past Chairman

Member Company: Consolidated Hallmark Insurance Plc

Mr. Wole Oshin

Position: Past Chairman

Member Company: 

Ven. O. O. Ladipo Ajayi

Position: Past Chairman

Member Company: 

Mr. Ibidolapo Balogun

Position: Past Chairman

Member Company: 

Mrs. Ukachi Orji

Position: Member

Member Company: KBL Insurance Ltd.

Mr. Austin Ebose

Position: Member

Member Company: Anchor Insurance Co. Ltd

Mr. Tunde Hassan-Odukale

Position: Member

Member Company: Leadway Assurance Co. Ltd

Mr. Babatunde Fajemirokun

Position: Member

Member Company: AIICO Insurance Group

Mr. Lawrence Nazare

Position: Member

Member Company: Continental Reinsurance Plc

Mr. Edeki Isujeh

Position: Member

Member Company: Custodian & Allied Insurance Plc

Mr. Femi Asenuga

Position: Member

Member Company: Mutual Benefits Assurance Plc

Mr. Bode Opadokun

Position: Member

Member Company: Sanlam General Insurance Nigeria

Mrs Ebelechukwu Nwachukwu

Position: Member

Member Company: Royal Exchange General Insurance Co. Ltd

Segun Omosehin is the Managing Director of Old Mutual Nigeria Life Assurance Co. (OMNiLAC). 

Segun holds a BSc. in Political Science, a Master’s in International Law & Diplomacy, and a Master’s in Economics from the University of Lagos. He is an alumnus of the Lagos Business School and Said Business School, University of Oxford in the UK.

Prior to his appointment he was Managing Director/Chief Executive Officer of Mutual Benefits Assurance Plc.

Before joining the Mutual Benefits Assurance team in April 2010, Mr. Omosehin was the Managing Director/CEO of AIICO General Insurance Company Limited, the general insurance arm of AIICO Insurance Plc. He was also the MD/CEO of Admiral Insurance Company Limited between 2003 and 2007 before merging the company with Crusader Insurance Plc during the insurance consolidation exercise in 2007; a company where he started his insurance career in 1993.

He was a member of the pioneer team that started and nurtured Custodian & Allied Insurance Plc in 1995, where he worked for about nine years before his appointment as the MD/CEO of Admiral Insurance Limited in 2003. He started his career with Crusader Insurance (Nigeria) Plc in 1993 (then a specialist life assurance company)

Mr. Omosehin holds a Bachelor of Science degree in Political Science; a Master’s degree in International Law and Diplomacy (MILD); and also an M.Sc in Economics from the University of Lagos. He is equally an Alumnus of the Lagos Business School (LBS) now Pan African University; as well as Said Business School, University of Oxford, UK.

He is a Fellow of the Chartered Insurance Institute of Nigeria; a Fellow of the Institute of Directors (FIoD); a Member of the Nigerian Institute of Management; and the Nigerian Society of International Law.

His hobbies include Networking, Swimming, and Golfing. He is a member of the Ikoyi Club 1938 –Golf Section, and Ikeja Golf Club. He is married to Modupe and blessed with three children.



Yetunde, the Director General of Nigerian Insurers Association (NIA). Her experiencespanned over 38 years. During which, she earned many “firsts” like first female Director General, first female Deputy Chairman of NIA since its establishment and reputed to be the first female Chairperson of the Life Committee of African Insurance Organization.


From a modest beginning with Actuarial background, she reached the apogee of Insurance profession as MD/CEO of AXA Mansard Insurance Plc. The largest listed insurer on NSE floor by the time she left in 2017 from where she joined the Association.


During her tenure the company grew from one-line business to diverse product and service offerings. It underwent two acquisitions by foreign investors with diverse cultures but remained a “great place to work”, an award won many times, thanks to her leadership acumen. She provided support for female employees like flexible working hours, extended maternity leave period, creche for babies under age 1 within the office space to encourage mother-child bonding, all these enabled the young female workers excel as career women while building successful homes. Their male counterparts also enjoyed paternity leave to be present at crucial moments for their families


An intercontinental trail blazer, winner of several awards/recognitions, comes across as a genial person, respected voice, astute corporate administrator, role model, author,mentor and foremost ambassador of insurance. Represents the industry in inter/intra government policy formulation and negotiations


As DG of NIA, she created a unified purchase platform that made uptake of compulsory insurances starting with 3rd Party Motor, Builders’ and Occupiers’ liability covers possible from any part of the country. This is an offshoot of the flagship unified verification platform that houses the industry database from where the validity of policies can be confirmed by the public especially the law enforcement agencies. The resultant effect of this is enormous income generation for the industry as well as governments at various levels and significant reduction of fake insurances.


The Association under her leadership releases annual publication (Digest) on industry statistical analysis to aid decision-making by many within and outside the country including rating agencies.


Yetunde created structures that brought insurance into limelight which includes presiding over the practical completion of an ultra- modern 7 floor NIA edifice within record time without external funding.


She also chairs the Board of College of Insurance and Financial Management andcurrently the Deputy President Of Chartered Insurance Institute Of Nigeria.


A University of Lagos graduate of Actuarial Science (1984), Associate Chartered Insurance Institute, London, Fellow Chartered Insurance Institute of Nigeria and alumnus of the Advance Management Program of the prestigious Lagos Business School.