Home Business Insurance World NAICOM, BPP Align on Accountability, Efficiency in Insurance and Procurement
Insurance World

NAICOM, BPP Align on Accountability, Efficiency in Insurance and Procurement

Share
Share

In a bid to strengthen transparency, accountability, and operational efficiency, the Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, paid a working visit to the Director-General of the Bureau of Public Procurement (BPP), Adebowale A. Adedokun, at his Abuja office.

The meeting focused on enhancing inter-agency collaboration and ensuring that both the insurance and procurement sectors operate in line with national laws and best practices.

The Commissioner for Insurance in his remark emphasized the Commission’s commitment to transparency and fairness in its dealings with sister agencies.

He assured his host that NAICOM, under his leadership, would ensure strict adherence to claims, solvency requirements, and regulatory standards.

Omosehin expressed appreciation to the Director-General of BPP for his continuous support to NAICOM.

He affirmed that all insurance matters would be handled strictly in accordance with the laws of the Federal Republic of Nigeria.

He also utilized the opportunity to further discuss the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

Responding, Adedokun, thanked the Commissioner for Insurance for the visit and reiterated his commitment to fostering synergy and collaboration between his agency and NAICOM.

He promised to reciprocate the gesture, stating that he and his team would undertake an official visit to NAICOM’s headquarters soon.

The Director-General of BPP also urged all stakeholders to continue strengthening inter-agency cooperation to enhance accountability, promote efficiency, and uphold public trust in the procurement and insurance sectors.

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, paid a working visit to the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale A. Adedokun, at his office in Abuja.

The visit aimed to discuss the need for deeper collaboration between NAICOM and BPP, aligning with the Commission’s strategic objective to promote inter-agency partnership.

The Commissioner for Insurance in his remark emphasized the Commission’s commitment to transparency and fairness in its dealings with sister agencies. He assured his host that NAICOM, under his leadership, would ensure strict adherence to claims, solvency requirements, and regulatory standards

Mr. Omosehin expressed appreciation to the Director-General of BPP for his continuous support to NAICOM. He affirmed that all insurance matters would be handled strictly in accordance with the laws of the Federal Republic of Nigeria. He also utilized the opportunity to further discuss the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

The Director-General of BPP thanked the Commissioner for Insurance for the visit and reiterated his commitment to fostering synergy and collaboration between his agency and NAICOM. He promised to reciprocate the gesture, stating that he and his team would undertake an official visit to NAICOM’s headquarters soon.

The Director-General of BPP also urged all stakeholders to continue strengthening inter-agency cooperation to enhance accountability, promote efficiency, and uphold public trust in the procurement and insurance sectors.

Share
Related Articles

NAICOM Targets Market Stability, Recapitalization and ESG Growth Through UNDP Partnership

L-R Mr Ikenns Orji, Mr Ekerete Ola Gam-Ikon (Deputy Commissioner finance and...

Experts Push For Customer-Centric Reforms at BusinessToday Conference

From left: Dr Julius Odede, Head of Lagos Operations at National Insurance...

Consolidated Hallmark Marks 13 Years of Shaping Insurance Talent and Excellence

Consolidated Hallmark Holdings Plc has  hosted the 13th Annual Essay Competition Awards...

NIA to Honour Past Governing Council Members, Former Director Generals

The Nigerian Insurers Association (NIA) is pleased to announce plans to honour...