Insurance now ICT-compliant-CIIN chief

By Tunde Osho

The insurance profession is no longer conservative as it uses information technology and social media, especially the millennials.

This is the assertion of the President of the Chartered Insurance Institute of Nigeria (CIIN) President, Mrs. Funmi Babington-Ashaye at the third graduation of the College of Insurance and Financial Management (CIFM) at Asese Village in Ogun State.

According to Babington-Ashaye, the emerging ICT compliance has brought positive changes to the industry, charging the graduands that being part of the digital generation, they represent the future of the industry and would be among the insurance practitioners that will take the industry to the next level.

Babington-Ashaye also maintained that the industry is highly in need of more professionals.

The Governing Board Chairman, Mr. Eddie Efekoha, advised the graduands to embrace high ethical standards in their practice, warning that there is zero tolerance for unethical behaviour and the CIIN would sanction anyone found guilty.

Efekoha, who is also CIIN Deputy President, noted that their vision is to make the institution highly competitive.

The college’s Rector, Dr. Yeside Oyetayo, said the institution recognises that the industry requires some specific skills to propel it to the next level and take its rightful place in economic development.

“Consequently, the college has partnered various international organisations, such as the Impact Insurance Facility of the ILO, GIZ, a German trade facilitation agency, and Actuaries Without Borders, a non-profit volunteer organisation within the International Actuarial Association (IAA), to deliver on our mission.

‘’Our efforts have not gone unnoticed and the recent appointment of the college as the certifying institution for Bancasssurance officers in the industry is an attestation to this fact. The college has continued to deepen its involvement with the industry through customised training programs to meet specific needs of various companies in the industry.’’

“The college is also involved in the CIIN insurance education and awareness initiatives such as the ‘Catch them Young’ programme of the youths during their service year. Furthermore, the College is part of the CIIN Presidents efforts to increase the number of universities offering insurance as a degree programme. The collaboration with Babcock University to develop the curriculum for the insurance programme which is commencing next year is an example of this.

“Similarly, the College offers full-time and part-time Diploma in Insurance and Certificate Courses in Risk Management, Pensions and Annuity and Islamic Finance and Takaful. Furthermore, we also conduct induction training for new recruits in the insurance industry. We are also currently collaborating with universities in Nigeria offering degree courses in insurance on our Foundation Programme in a bid to increase the enrolment levels for insurance programs in various universities”, she noted.




Ogun begins mass production of ofada rice to distribute at Christmas



The Ogun State Government is mass producing Ofada rice and will be ready for sale to the public this Christmas season in all the local government and local council development areas of the state.

  The MITROS Ofada Rice, which is being grown, milled and bagged in the state, is aimed at ending scarcity and smuggling of the commodity as well as make it available to the generality of the resident this Yuletide.

  Governor Ibikunle Amosun, who led some members of the state Executive Council on inspection tour of the production factory at Sawonjo, Iju Local Council Development Area in Ogun West Senatorial district of the state, expressed satisfaction with the volume of production on ground.

 He disclosed that two other production factories will be sited in Asero, Abeokuta, in Ogun Central Senatorial District and Ijebu North East in Ogun East Senatorial district.

 Urging residents of Sawonjo area to cooperate with the production team, Amosun assured of the good quality of the rice and that it will be affordable and available in large quantity.