NCRIB admits Ilori, Igbiti, others as Fellows

NCRIB admits Ilori, Igbiti, others as Fellows

The Nigerian Council of Registered Insurance Brokers has admitted the President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs. Yetunde Ilori, her immediate predecessor in office, Mr. Edwin Igbiti and 48 others into the prestigious Society of Fellows of the Council.

A statement from NCRIB on Friday said two other iconic personalities, His Royal Majesty, the Akarigbo of Remoland, and Olori Dr. Onikepo Akande, received special recognition for their critical support to the Council and the practice of insurance broking in Nigeria.

Speaking at the Fellowship Day which was a grand affair, filled with esteemed guests and accomplished professionals in the insurance industry, Prince Babatunde Adeleke Oguntade, President of the NCRIB enjoined the new entrants to demonstrate high level of professionalism and assist in taking the brokering profession to higher heights.

He stated that the process that led to the admission of the new Fellows was quite stringent, as the candidates were considered on the basis of professional qualifications, integrity and leadership traits, among other criteria.

As the newly inducted Fellows embark on their new roles, Prince Oguntade reminded them of their responsibilities which included protecting the Council’s image, contributing to its professional growth and development, and attending Council events whenever possible.

The President also highlighted contemporary issues affecting insurance broking, particularly the NIIRA 2025. This legislation has opened up new opportunities for insurance growth, deepened insurance penetration, and renewed customer experience and confidence. He emphasized that members must be more creative and adhere to ethical and professional standards.

Other regulatory responsibilities were also discussed, including data protection laws and compliance with the Nigerian Financial Intelligence Unit (NFIU) to enhance Nigeria’s exit from the gray list. Prince Oguntade noted that NAICOM and FIRS laws are becoming more stringent for members, and it is essential to stay compliant.

Also speaking at the event, Chairman, Board of Fellows, Barr. (Mrs.) Laide Osijo highlighted the significance of the Fellowship cadre, which represents the highest echelon of the Council, added that Members of the esteemed group were highly experienced, seasoned, and versatile professionals who had made significant contributions to the profession.

“The Fellowship cadre is not only prestigious but also comes with great responsibilities, requiring its members to rise above the ordinary level in terms of professionalism, adherence to ethical standards, and possession of greater leadership skills’, She noted