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General Dr. Yakubu Gowon, GCFR, Ph.D, PSC, JSSC

General Dr. Gowon has been the Chairman of the Board of IGI since its inception and currently leads a board of 10 members that lends its skill and years of experience to directing the strategy of the Company. He was Nigeria's Head of State and Commander-in-Chief of the Armed Forces from 1966 to 1975. 
With a doctorate degree in Political Science, he has spent the past three decades providing leadership for projects designed to promote peace and progress in Nigeria and internationally. 
He is the President and Chairman, Board of Trustees of Yakubu Gowon Centre, Abuja, a nongovernmental organization set up to promote the cause of Nigerian unity, nation-building, national integration and conflict resolution through dialogue and involvement in Humanitarian organisations and projects.
A recipient of the national honour, Grand Commander of the Federal Republic (GCFR), General Dr. Gowon is the initiator of the "Nigeria Prays" project, which is a vehicle for promoting peace and canvassing for spiritual and moral rebirth in the country.

Mr. Rotimi Fashola, MBA, ACII (London), ACI.arb
Managing Director



Mr. Fashola is a Chartered Insurer and a distinguished insurance practitioner. He holds an MBA with specialisation in Marketing from Obafemi Awolowo University, Ile-Ife, Nigeria. He is an Associate of Chartered Insurance Institute of London (ACII), Associate Chartered Institute of Arbitration (London), (ACI (Arb) and Associate Member, National Institute of Marketing of Nigeria (NIMN).




Fashola is an alumnus of both West African Insurance Institute (WAII) (Gambia) and the Global Institute for Leadership Development (GILD), United States. He is a fellow of the West African Insurance Institute (WAII), Fellow of the Institute of Directors (FIOD), Fellow of the Institute of Direct Marketing (FIDM), member of the Governing Council of the West African Insurance Companies Association (WAICA) and a member of the Governing Council of WAII, The Gambia. 

He currently serves on the board of many companies both local and abroad and has attended numerous courses, seminars and conferences. Before joining IGI in July 1993, he was the Chief Executive Officer of Liberty Assurance Company Limited between 1991 and 1993.  He served as the Deputy Managing Director and later the Acting Managing Director, after which the Board appointed him as the substantive Managing Director.

Apostle Hayford I. Alile, OFR, B.A., MBA (Hon), D.Sc


A founding member of the IGI Board of Directors, Apostle Alile was a Director of the Central Bank of Nigeria (1999-2005). After retiring as the Director-General/Chief Executive Officer of the Nigerian Stock Exchange, he served on the Governing Council of the Exchange as well as on the Board of the Nigeria Security Printing and Minting Company Plc. 

A former President of the Harvard Business School Association of Nigeria, Apostle Alile is a fellow of  the Institute of Directors, the Nigerian Institute of Management as well as the Chartered Institute of Stockbrokers. 

He is a leading investment analyst who has made valuable contributions to national economic growth and public policy formulation. He was for 12 years a Trustee and Treasurer of the Nigeria Olympic Committee. 

Mrs. Olubunmi Olowude, AIMLT


A Laboratory Scientist by profession, Mrs. Olowude is an alumna of the School of Medical Laboratory Technology, College of Medicine, University of Lagos, Akoka, Lagos.


She had a distinguished career at the Nigerian National Petroleum Corporation (NNPC) where she rose to the position of Assistant Chief Medical Laboratory Technologist and retired as Head of the Medical Laboratory Department. She is Member, Institute of Medical Laboratory Technologists.

Now a businesswoman, Mrs. Olowude is on the Board of Directors of several companies.

Alhaji Yayale Ahmed, CFR


Alhaji Ahmed is an accomplished public administrator who has served meritoriously in top government positions. He has a Bachelor's Degree in Political Science and a Master's Degree in Public Administration, both from Ahmadu Bello University, Zaria.


He also has honorary Doctorate Degrees in Law and of Letters awarded by the University of Abuja and Bayero University, Kano respectively. He was appointed Head of Service of the Federation in 2000, Defence Minister in 2007 and the Secretary to the Government of the Federation in 2008. 

Prof. Oladapo Afolabi, CFR


Prof. Afolabi attended the University of Ife, now Obafemi Awolowo University, Ile Ife. He has a Bachelor of Science and Master’s degrees in Biochemistry as well as a Doctor of Philosophy (PhD) in Applied Chemistry.

He won a fellowship at Howard University, Washington, United States, as an International Atomic Energy Agency Fellow in 1983. He played a major role in organising the first Ecological Summit in 1988, which led to the creation of the Federal Ministry of Environment.

He had a flourishing career in the civil service, where he rose to become the Head of Service in 2010.

Mr. Sina Elusakin, B.Sc, MBA, AIIN, MEI
Deputy Managing Director


A seasoned insurance professional with sharp analytical skills and entrepreneurial drive, Mr. Elusakin holds a Bachelor of Science in Statistics and a Master of Business Administration in Banking and Finance.  


He is an Associate of the Chartered Insurance Institute of Nigeria and a member of the Energy Institute, London. Elusakin is renowned for his experience and expertise in Oil and Gas underwriting.


Before he became  Deputy Managing Director, he was the Executive Director in charge of Special Risks. He has attended numerous local and international courses, seminars and conferences.

Mr. Yinka Obalade, B.Sc, MBA, AIIN, MEI

Mr. Obalade is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).  He is an accomplished banker with more than 20 years’ experience. He retired from the banking sector in 2005 as the Chief Executive of Global Bank Limited and joined IGI.


As the Executive Director, Finance, Accounts and Investment, he oversees the accounts, finance and investments of the IGI Group. He also sits on the boards of several companies.

Mr. Kenneth Aigbinode


With experience in financial sector spanning over 25 years, Mr. Aigbinode began his banking career in Barclays Bank in 1975. He worked for 10 years (1983 -1993) in Nigerian-American Merchant Bank, including a 6-month credit internship in Boston with the bank's affiliate, Bank of Boston, USA. Between 1998 and 2003, he was in Fidelity Union Merchant Bank where he rose to become the Acting Managing Director.


He oversaw the bank's transformation from merchant banking to commercial banking, before joining New Nigeria Bank in 2004 as an Executive Director. The Central Bank of Nigeria engaged him for 6 months in 2005 as part of an Interim Management Board to oversee the affairs of Assurance Bank towards an orderly liquidation.  Since 2005, Aigbinode has been consulting in telecommunications. He is currently the Executive Director, Business Strategy and Risk Management.

Mrs. Foluso Gbadamosi


Foluso holds a Bachelor’s degree in Computer Science and a Masters degree in Management Information Systems. She is an alumnus of the Yale CEO College and a member of the Wimboard Institute, a leadership programme with IE Business School and Women in Business & Management.


She began her career with Eli Lilly & Company, an American global pharmaceutical company in the United States. With over 10 years’ hands-on experience in Management, Information Technology and Operations, Foluso has held key management positions in the FMCG and telecommunications sectors.


Before her appointment as Executive Director, Human Resource, Administration and Information Technology, she served as the Director of Operations at Monarch Communications, a subsidiary of the IGI Group. 


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