From left: Jide Ibitayo, Company Secretary, Mutual Benefits Assurance Plc; Dr. Akin Ogunbiyi, Group Chairman, Mrs. Adedotun Ogunbiyi, Wife of the Group Chairman, Mutual Benefits Assurance Plc; Femi Asenuga, MD/CEO; Joseph Oladokun, Executive Director at the 2025 Christmas Carol Service of Mutual Benefits Assurance Plc, held in Lagos.
The Managing Director of Mutual Benefits Assurance Plc, Mr. Femi Asenuga, has said the company’s annual Carol Service mirrors its steady corporate growth and God’s faithfulness over the years.
Asenuga stated this while speaking at the 2025 Carol Service of the company, noting that the event has evolved alongside the expansion of the Mutual Benefits family. He recalled that the Carol Service, which began within the company’s office premises, was moved in 2015 to a nearby event centre due to growing attendance and later found a permanent spiritual home at the Christ Apostolic Church (CAC), Victory Land Parish, Ikeja GRA, from 2016.
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Fifth left to third right: Femi Asenuga, MD/CEO, Mutual Benefits Assurance Plc; Dr. Akin Ogunbiyi, Group Chairman, Mutual Benefits Assurance Plc; Mrs. Rorbeta Mayson, Wife of Chairman, Mutual Liberia; Amb. Dew Mayson, Chairman, Mutual Liberia; Amb. Tunde Ajisomo, Director, Mutual Benefits Life Assurance Ltd; Jide Ibitayo, Company Secretary, Mutual Benefits Assurance Plc; Joseph Oladokun, Executive Director, Technical; flanked by the members of the 80-man Mutual Benefits Choir with the ladies in white with green hats and the men in black Suits.
According to him, the decision to move the 2025 service to a larger venue reflects the organisation’s continued expansion and serves as a testimony to sustained growth and divine guidance.
The Managing Director also highlighted key developments within the insurance industry over the past year, including increased regulatory oversight, accelerated digital transformation, wider adoption of technology-driven underwriting and claims processes, and a renewed focus on customer-centric solutions.
Despite economic challenges, Asenuga said the insurance industry has remained resilient and innovative, adding that Mutual Benefits Assurance has continued to adapt to industry changes while meeting its claims obligations promptly and reliably.
Some members of staff of Mutual Benefits
He stressed that beyond corporate milestones, the essence of the gathering was to celebrate the birth of Jesus Christ and reflect on God’s immeasurable love and divine plan of redemption for humanity.
Asenuga commended the Mutual Benefits Choir for their consistent excellence, encouraging guests to actively participate in the carol service through singing, clapping and dancing in celebration of the season.
From left: Pastor M. C. Ugochukwu and Pastor I. D. O. Akinpelu
He also expressed appreciation to Pastor Dr. Joseph Minari of CAC Victory Land Parish, Ikeja GRA, for his longstanding relationship with the Mutual Benefits family, as well as the Zonal Superintendent of the parish, Pastor I. D. O. Akinpelu, and other members of the pastorate for their support.
The Managing Director urged participants to leave the service with a renewed reflection on the love of God, the power in the blood of Jesus Christ and the significance of His sacrifice for humanity.
The 2025 Carol Service, marked by praise, worship and fellowship, reaffirmed Mutual Benefits Assurance Plc’s commitment to faith, unity and sustainable growth.
