BY NKECHI NAECHE—-The Minister of Finance, Mrs. Kemi Adeosun, will today inaugurate the Governing Board of the National Insurance Commission (NAICOM),
According to Salisu Na’inna Dambatta, Director of Information, Federal ministry of finance, other Governing Boards to be inaugurated are: the Nigeria Customs Service (NCS), and the Nigeria-Export Import (NEXIM) Bank.
Section 2 (1) of the National Insurance Commission Act 1997, provides for the appointment of the Governing Board members to oversee the affairs of the Commission, the Board comprises of: a part time Chairman; the Commissioner for Insurance; the two Deputy Commissioners for Insurance; a representative of the Federal Ministry of Finance not below the rank of a Director; a representative of the Central Bank of Nigeria(CBN) not below the rank of a Director; a representative of Chartered Insurance Institute of Nigeria,(CIIN), a representative of the Federal Ministry of Trade & Investment and, three part time members to represent the interest of the public.
