Insurance World

Sir Muftau Oyegunle Emerges 50th President Of CIIN

Sir Oyegunle

BY NKECHI NAECHE-ESEZOBOR—The Chartered Insurance Institute of Nigeria, CIIN has concluded plans to inaugurate Sir, Muftau Oyegunle as its 50th President and Chairman of Council.

He takes over from Eddie Efekoha whose tenure elapsed after two years at the helm of affairs.

The virtual event which will be held on Tuesday, 21st July 2020, will see Sir Oyegunle emerge as the 50th President and Chairman of the council of the premier professional body in the country.

Sir Oyegunle’s path to Presidency of the Chartered Insurance Institute of Nigeria is replete with acts of dedication and service to the Institute over 26years in actively functioning various capacities.

He rose to the position of Chairman, Kaduna branch of Chartered Insurance Institute of Nigeria from 1994 to 1996 and was voted into Chartered Insurance Institute of Nigeria council in 2009 where he has remained a member to date.

Prior to his investiture as President, He has served as the Deputy President of the Chartered Insurance Institute of Nigeria and Chairman, College of Insurance and Financial Studies.

In his 26 years as a member of the Institute and Governing Council, he has served as the Treasurer and Chairman of the Board of the College of Insurance and Financial Management.

He has equally played very active roles in the Education, Examination and Finance and General Purpose Committees of the Institute.

Sir Muftau Olakunle Oyegunle was born in Makurdi, Benue State to Alhaji Oseni Oyegunle and Madam Adesola Oyegunle.

He began his educational sojourn at St. Peter’s Anglican Primary School, Ile –Ife for his primary school education and proceeded to Origbo Anglican Grammar School and Adeola Odutola College, Ijebu-Ode for his Secondary and Higher School Certificate education respectively.

Sir Oyegunle gained admission into the prestigious University of Ibadan to study Sociology and obtained a Hons in Sociology in 1982. He equally completed the requirements for an M.B.A in Human Resource Management in 2002.

Muftau began his foray into the insurance industry in 1985 after a brief teaching stint when he was employed as Insurance Superintendant by Leadway Assurance Company Limited. A dedicated and assiduous grafter, his application of intellect and skill to achieve results merited a progressive rise through the ranks to the position of General Manager, Commercial in 2009.

During this period, in pursuit of professional excellence, Oyegunle acquired the required certifications needed to reach the pinnacle of the insurance profession.

He qualified as an Associate of the Chartered Insurance Institute of London in 1990 and became a Chartered Insurer in 1995. He became a Fellow of Chartered Insurance Institute of Nigeria in 2003.

He retired from Leadway Assurances Company Limited in 2013 to industry acknowledgement and acclaim after 28years of meritorious service, to manage his private Company – Lakeg Nigeria Limited which engages in Insurance Consultancy.

A beacon of professionalism, academic excellence and standards, Sir. Oyegunle has delivered several Academic and Professional papers worldwide and has had the privilege of attending several conferences at the Swiss Insurance Training Centre Zurich, Switzerland, National Insurance Academy of India among others.

He joined Wesley Cathedral in 1985 through the influence of his mentor, Late Sir. Hassan Olusola Odukale and has served the Methodist communion with passion.

In recognition of his services to God and mankind under the banner of the Methodist Church, Sir Oyegunle is privileged to have been honoured with the highest award, Knight of John Wesley (KJW) of the Methodist Church, Nigeria in 2003.

Sir Oyegunle has constantly lived in accordance with guiding ethics and principles and consistently recommends the values of honesty, dedication and commitment as a fundamental way of life.

These attributes have contributed in shaping his development into the outstanding professional being celebrated by the insurance Industry.

He is happily married to Lady Elizabeth Iyabode Oyegunle and they are blessed with four (4) children.


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