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Alhaji Yayale Ahmed, CFR
Chairman

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. 


 

Mr. Rotimi Fashola
Managing Director                             


A chartered insurer and a seasoned marketing expert, Mr. Fashola holds an MBA in Marketing from Obafemi Awolowo University, Ile-Ife, Nigeria. With over 30 years experience and a remarkable track record in the insurance and financial services industry, Fashola has earned a reputation as a truly accomplished and highly respected professional. Between 1991 and 1993, he was the General Manager/Chief Executive Officer of Liberty Assurance Company Limited. He later joined Industrial And General Insurance Plc where he reengineered the company’s marketing unit to achieve maximum efficiency that placed IGI ahead of competition. Having served in various top management capacities, Mr. Fashola was appointed to the board in 1999 as Executive Director, Marketing. Prior to his appointment as Managing Director/Chief Executive Officer, he served as the Deputy Managing Director from 2007 to 2014 and later Acting Managing Director.

 

He is a Fellow of numerous institutions, including the National Institute of Marketing of Nigeria (NIMN), Institute of Directors (IOD), Institute of Direct Marketing (IDM) and the West African Insurance Institute (WAII), The Gambia. He is an Associate of Chartered Insurance Institute of London (ACII) and the Chartered Institute of Arbitration, (ACI Arb) (London). Mr. Fashola is an alumnus of both the West African College of Insurance and Risk Management in The Gambia and the Global Institute for Leadership Development (GILD), United States.  He is a member of the Governing Council of WAII and the West African Insurance Companies Association (WAICA).

 

He currently serves on the Board of many companies both local and abroad, including WAICA Reinsurance Corporation Plc, Sierra Leone; National Insurance Corporation (NIC), Uganda; IGI Gamstar Insurance Limited, The Gambia; Global Trust Savings and Loans Limited; Investment Profiles Limited; IGI Pension Fund Managers Limited; Sonarwa Holdings, Rwanda; and Sonarwa Life Insurance Company, also in Rwanda.


 

Prof. Oladapo Afolabi, CFR
Director

 

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. Augustine Oluyemisi Olorunsola
Director

 

A geologist with over 35 years experience in petroleum engineering practice. Olorunsola graduated in 1979 with a Second Class Upper division in Geology from the University of Ilorin. He spent the early part of his career on various petroleum engineering roles in Agip (ENI) in Nigeria, Italy and France before joining Shell (SPDC) in 1990, where he rose to become First Vice President, Gas and Power, for Shell sub-Sahara Africa. 

 

He retired from Shell in 2011 to take up the Federal Government appointment as Director of Petroleum Resources, a position he held until 2013. He has also served as ‘Strategic Business Adviser’ to two Ministers of Petroleum Resources. He joined the Board of Directors on April 19, 2016.


  

Mr. Kanayo Chuks Okoye
Director

 

Okoye is the Managing Partner and Head of the Transaction Advisory Services Group of Pentagon Partners LP. He holds a Master’s of Law degree from the University of Ile-Ife (now Obafemi Awolowo University). He is a member of the Chartered Institute of Arbitrators, United Kingdom (Nigeria branch), Centre for Effective Dispute Resolution, UK and the Professional Risk Managers International Association, UK (Nigeria branch).

 

With a background in banking and several landmark financing as well as deal structuring transactions to his credit, Okoye brings a wealth of industry experience to bear on complex transactions, ranging from debt capital markets, equity offerings, hybrids high yield, broker-dealer, derivatives investment funds and sovereign listings. He was appointed to the Board on April 19, 2016.


 

Mrs. Awuneba Ajumogobia
Director

 

Ajumogobia is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over twenrty-five years' experience in External Audit, Accounting, Finance and Marketing. She holds a Bachelor of Science degree in Economics from the University of Ibadan. Before her appointment to the Board of Directors, she had garnered resourceful work experience in leading multinational organisations. She served as Audit Manager in Deloitte between 1987 and 1994, after which she became the company’s Portfolio Coordinator between 1996 and 1999. 

 

She worked in Accenture in 1999 to 2009 as the Country Finance and Geographic Services Lead. Ajumogobia is also on the Board of other top-fight Companies including UAC of Nigeria Plc and Multistreaming Energy Limited. She was appointed to the Board on April 19, 2016.


 

Mr. Gaffar Kayode Animashawun Jnr.
Director 

 

Animashawun Jnr. holds a Bachelor of Law (LLB) and Master of Law (LLM) degrees from the University of Buckingham, United Kingdom. He is a Solicitor and Advocate of the Supreme Court of Nigeria as well as a Barrister of Law, Middle Temple, London. Over the years, he has been involved in delivering projects for both public and private sector organizations in Nigeria, with varying scope from technology to construction. 

 

He was the Managing Director, Roger Renaud Nigeria Limited, a Franco/Nigerian Construction Company, which has built over 100 housing units in Nigeria. He is currently the Managing Director of Kayotunde Investments Limited, a real estate and investment company. He also sits on the board of Montgomery Security Vaults Nigeria Limited, Bridge Clinics and Vanguard Media Limited, publishers of Vanguard newspapers.  He joined the Board of Directors on April 19, 2016.           


        

Mr. Sina Elusakin
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 from University of Ilorin and ESUT Business school respectively.

 

He is an Associate of the Chartered Insurance Institute of Nigeria and a member of the Energy Institute, London. Mr. 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
Executive

 

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.


 

Mrs. Foluso Gbadamosi
Executive

 

Mrs. Gbadamosi is an Information Technology (IT) and Operations professional with over 13 years experience in telecommunications, IT and the Fast Moving Consumer Goods (FCMG) industries. She began her IT career with Eli Lilly & Company, an American global pharmaceutical company, before moving to EMW, Inc. an American telecommunications company. She returned to Nigeria in 2006 and joined Procter & Gamble as Client & Site Services Manager.

 

She later moved to Monarch Communications Limited where, as Director of Operations, she restructured the organization and later prepared it for the sale of its 3.5GHz spectrum to Swift Networks Limited. In 2015, she joined IGI as Executive Director in charge of Human Resources, Administration & Information Communications Technology.

 

Mrs. Gbadamosi holds a Bachelor of Science in Computer Science from the University of Pittsburgh and a Master of Science in Management Information Systems from George Washington University. She is an alumnus of the Yale CEO College, a WimBoard fellow and holds a Board Ready Certificate from the IE Business School. She is married with children.

 
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