AIICO Insurance Plc has announced the appointment of Sadiq Mohammed as Independent Non-Executive Director, and Tunde Mabawonku and Rolake Akinkugbe-Filani as Non-Executive Directors.
AIICO Insurance Plc has announced the appointment of three new directors to its board, according to a notification signed by Company Secretary Donald Kanu.
Mr. Sadiq Mohammed has been appointed as an Independent Non-Executive Director. Additionally, Mr. Tunde Mabawonku and Mrs. Rolake Akinkugbe-Filani, HCIB, have been appointed as Non-Executive Directors.
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The board stated that the combined experience of the new directors across financial services, banking, capital markets, and advisory roles is expected to bolster governance and strategic oversight.
Mr. Sadiq Mohammed brings over 33 years of experience in financial markets, pensions, infrastructure, real estate, fintech, and alternative investments. He is the Founder and Chief Executive Officer of Hexium Investments, an investment and advisory firm. Mohammed spent 28 years at ARM Group, where he held positions including Deputy Group CEO, Managing Director of ARM Pension Managers, Chief Operating Officer, and Managing Director of ARM’s Proprietary Business. His responsibilities at ARM included oversight of investments and projects such as Lekki Concession Company, Fara Park Estate, Beechwood Estate, and Lakowe Lakes Golf & Country Estate. He has served on the boards of FMDQ Clear Limited and FMDQ Group, and currently sits on the boards of Meta Digital Services Nigeria Limited and DCSL Corporate Services Limited. Sadiq attended Harvard Business School’s Advanced Management Program and holds an Executive MBA from Carnegie Mellon University and the University of Geneva, alongside a B.Tech degree from Abubakar Tafawa-Balewa University.
Mr. Tunde Mabawonku is the Executive Director overseeing Finance, Retail, and Digital Business at Wema Bank Plc. He possesses over 25 years of experience in banking, finance, strategy, risk management, and digital transformation. Prior to his current role, he was the Chief Finance and Strategy Officer, managing the Finance and Corporate Services Division. His career in banking includes leadership roles at Chartered Bank, Prudent Bank, and Skye Bank. His past responsibilities encompassed performance management, cost control, financial advisory services, human capital management, and financial control functions.
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