Speaking during a press conference ahead of his inauguration, Orimolade expressed appreciation to members of the media for their continued partnership in promoting the growth and development of Nigeria’s insurance sector. He described the media as critical stakeholders in shaping public understanding, promoting professionalism, and amplifying initiatives that will boost confidence in the industry.

Orimolade, a distinguished chartered insurer with over 28 years of experience in the financial services sector, currently serves as the pioneer and Chief Executive Officer of Stanbic IBTC Insurance Limited.

Throughout his career, he has held key leadership positions, including Chief Executive Officer of Zenith Insurance, Law Union & Rock Insurance Plc, and AIICO Insurance Plc, as well as Regional Director for West Africa at Liberty Life.

He outlined the strategic priorities of his administration, which include accelerating the digital transformation of the Institute’s operations, upgrading CIIN’s physical infrastructure at its Lagos headquarters and across its chapters in the six geopolitical zones and the Federal Capital Territory, and intensifying insurance awareness campaigns to improve insurance penetration and increase the industry’s contribution to Nigeria’s Gross Domestic Product (GDP).

According to him, these initiatives are in line with the Institute’s statutory responsibility of setting and maintaining professional standards for insurance practitioners while equipping members with the knowledge and skills required to meet the evolving demands of the profession.

The incoming President assured stakeholders that his administration would be guided by transparency, accountability, measurable performance indicators, and periodic reviews to ensure the successful implementation of its programmes.

He expressed confidence that the planned reforms would enhance professionalism, encourage innovation, deepen insurance awareness, and position Nigeria’s insurance industry as more resilient, inclusive, and globally competitive, ultimately contributing to the country’s economic growth.

A Fellow of the Chartered Insurance Institute of Nigeria and the Institute’s current Deputy President, Orimolade holds a Bachelor of Science degree in Insurance and a Master of Science degree in Marketing from the University of Lagos, as well as a Diploma in Risk Management from York University, Canada. He is also a member of the Nigerian Insurers Association and the Nigerian Institute of Management.

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Held on June 24 and 25, 2026, the initiative brought together contributors, retirees, Pension Fund Administrators (PFAs) and industry stakeholders in an interactive setting where complaints were resolved, enquiries addressed and guidance provided on pension-related issues.

Demonstrating the Commission’s commitment to improving customer experience, Director General Omolola Oloworaran personally visited the various PFA service points, interacting with contributors and operators while identifying issues requiring immediate attention and long-term resolution.

The engagement highlighted PenCom’s drive to make pension services more accessible, transparent and responsive by encouraging direct dialogue between contributors and service providers.

According to the Commission, the Customer Clinic reaffirmed the importance of listening to contributors, resolving concerns promptly and placing customer satisfaction at the heart of pension administration in Nigeria.

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The assessment evaluated Ministries, Departments and Agencies (MDAs) on key indicators, including FOI compliance, fiscal transparency, institutional reforms and website performance.

Receiving the award on behalf of the Executive Vice Chairman and Chief Executive Officer of the NCC, Dr. Aminu Maida, the Executive Commissioner, Technical Services, Engr. Abraham Oshadami, described the recognition as a validation of the Commission’s commitment to institutional reforms and improved public service delivery.

Oshadami said the recognition would encourage the Commission to sustain initiatives that promote transparency, accountability and operational efficiency while strengthening public confidence in Nigeria’s telecommunications sector.

He added that the award also reflects the NCC’s commitment to delivering better services to telecom consumers through improved service quality, responsiveness and stronger consumer protection measures across the industry.

Over the past two years, the Commission has implemented several reforms, including the launch of the National Coverage Map, publication of Quarterly Network Performance Reports, simplified tariff communication for subscribers, strengthened corporate governance compliance and expanded access to industry data.

Director-General of the Bureau of Public Service Reforms, Mr. Dasuki Arabi, commended the participating MDAs, particularly the top-performing agencies, for advancing transparency, accountability and good governance through sustained reform efforts.
Arabi noted that the annual assessment, held as part of activities marking the United Nations Public Service Day, recognises institutions that have demonstrated excellence in implementing reforms and delivering quality public services.

In addition to the institutional awards, the Bureau honoured 20 outstanding public servants across the federal, state and local government levels for exemplary leadership, including the Head of the Civil Service of the Federation, Mrs. Didi Walson-Jack, and the Senior Special Assistant to the President on Sustainable Development Goals, Mrs. Adejoke Adefulire.

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The amended charge, filed in Charge No. FHC/KD/93C/2026, before Honourable Justice Hauwa’u Buhari of Federal High Court Kaduna, named Mallam Nasir Ahmad El-Rufai as the 1st defendant alongside Mr. Jimi Adebisi Lawal, Singularity Network Security Limited, Solar Life Nigeria Limited, Knowledge Investment Nigeria Limited, Intercellular Nigeria Limited and Noble Coast Resources Limited.

Bashir El-Rufai (an elder brother of the former governor), who is currently at large, is also mentioned in one of the counts.

According to the amended charge, the Commission alleged that Mallam El-Rufai, while serving as Governor of Kaduna State, unlawfully approved the award of a contract for the procurement, survey planning, final design and installation of a Closed-Circuit Television (CCTV) surveillance system in Kaduna Metropolis in the reviewed sum of ₦8,682,574,054.94 to Singularity Network Security Limited, contrary to public procurement laws, a company alleged to lack the requisite experience and qualifications.

The Commission further alleged that proceeds arising from the said unlawful act were subsequently transferred through various companies and individuals.

The amended charge contains several counts relating to the alleged possession, receipt and movement of funds reasonably suspected to be proceeds of unlawful activity, involving sums running into billions of naira.

The offences are alleged to be contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.

Count One reads:

‘’That you, MALLAM NASIR AHMAD EL-RUFAI (M) sometime in December, 2015 or thereabout at Kaduna, Kaduna State, within the jurisdiction of this Honourable Court, while being the Executive Governor of Kaduna State aided an act of corruption, when you approved the award of contract for the procurement of survey planning, final design and installation of CCTV at Kaduna metropolis in the reviewed sum of N8,682,574,054.94 (Eight Billion, Six Hundred and Eighty-Two Million, Five Hundred and Seventy-Four Thousand, Fifty-Four Naira, Ninety-Four Kobo) to Messrs. Singularity Network Security Limited, a company with no requisite experience and in violation of procurement laws, which act you knew was unlawful and you thereby committed an offence contrary to Section 21(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition)Act, 2022.’’

Specifically, the amended charge alleged that the defendants knowingly received or took possession of funds amounting to over ₦2 billion through various transactions involving Singularity Network Security Limited, Solar Life Nigeria Limited, Knowledge Investment Nigeria Limited, Intercellular Nigeria Limited and Noble Coast Resources Limited between 2017 and 2022.

Both Mallam El-Rufai and Lawal pleaded not guilty when the charges were read to them.

The matter was then adjourned for 1st July, 2026 for ruling on the bail application.

The post ICPC Arraigns El-Rufai, Jimi Lawal, in 11-Count Amended Charge Over N8.68bn CCTV Contract appeared first on Business Today NG.

Speaking recently in Lagos, the newly appointed Managing Director and Chief Executive Officer, Mr. Ayobami Olakunle Ogunkeye, stressed that the pioneer indigenous life underwriting firm has pledged to uphold the highest standards of accountability and customer-centric service.

According to Ogunkeye, a seasoned turnaround expert, the company’s revival strategy is built directly upon these promises to ensure long-term viability and safeguard the interests of all policyholders.

The company’s renewed assurances follow a decisive regulatory intervention by the National Insurance Commission (NAICOM), which began in October 2024.

Prompted by severe liquidity pressures, operational disruptions, and a substantial backlog of unpaid claims, NAICOM had appointed an Interim Management Board to stabilize the 66-year-old institution.

During the intervention, the interim board successfully cleared over 75 percent of the company’s accumulated legacy liabilities.

Critical capital was unlocked through the competitive sale of a 49 percent stake in PAL Pensions, while trapped dividend funds were secured to clear up to 15 months of annuity arrears.

Additionally, the team transparently transferred the firm’s admitted annuity portfolio to an underwriting institution to secure uninterrupted payments for beneficiaries, upgraded internal ICT infrastructure, and completed vital forensic and actuarial reviews.

With these corrective milestones achieved, NAICOM Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, formally certified the company fit to resume full operations and officially handed control over to a newly constituted board and management team.

Although independent operations have resumed, African Alliance will remain under active regulatory oversight to monitor its ongoing recapitalization progress and solvency compliance closely.

The newly formed leadership structure is headed by Board Chairman Rear Admiral Anthony Odogba Isa. Joining him on the board are Andrew Ubochi as Executive Director, Technical, alongside non-executive directors Chief Boniface Chinedu Moore (SAN), High Chief Olabode Akeem Mustapha, Ataraire Gideon, and Harrison Ogalagu.

Addressing the firm’s diverse stakeholders, Ogunkeye stated that the lessons learned during the recent period of hardship have deeply reinforced the company’s resolve to develop appropriate corporate governance structure

He assured existing policyholders that their trust would be honoured without compromise, while inviting prospective clients to approach the revitalized insurer with full confidence in its financial positioning and operational capacity.

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Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream Sector” held in Lagos, on Tuesday.

Delivering his opening remarks at the workshop, Ntia stressed that governance, risk management, and compliance are at the foundation of NNPC Ltd’s core values of Integrity, Excellence, and Sustainability.

He commended the upstream leadership and regulators for supporting the initiative to assemble stakeholders to discuss issues that have a bearing on individual and collective success towards attaining the clear mandate of sustainably ramping up the nation’s crude oil production.

The EVP also reiterated his readiness to provide enablers within his purview that will accelerate the implementation of initiatives that will enhance governance, risk management and compliance in the upstream sub-sector.

The workshop had in attendance NNPC Ltd’s Chief Compliance Officer, Mr. Nasir Usman; NNPC Ltd’s Chief Upstream Investment Officer, Mr. Bala Wunti; representatives of industry regulators such as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); the Nigerian Content Development and Monitoring Board (NCDMB) and over 20 upstream operators from International Oil Companies in Nigeria.

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Hon. Eze Nwachukwu Eze, the Chairman, House of Representatives Committee on Banking and Other Ancillary Institutions, declared at the Corporate Head office of AMCON earlier on Tuesday when he led the House Committee on its 2024 oversight visit. It is the first oversight visit of the Honourable Eze-led Committee to the Corporation since the new AMCON EXCO assumed office in February.

The Chairman said that once transparency, accountability, and efficiency remain the cornerstones of AMCON’s operations, as legislators, the committee members will be committed to providing the necessary support through appropriate legislative frameworks and oversight functions to ensure AMCON fulfills its recovery mandate effectively.

Again Hon. Eze added, “Moreover, we recognize that AMCON cannot achieve its mandate in isolation. Collaboration with the National Assembly, which this Committee represents, other financial institutions, regulatory bodies, and other stakeholders is crucial. As representatives of the people, we are committed to fostering an enabling environment that supports AMCON’s efforts and promotes the stability and growth of our financial system.

“As we navigate through the current economic landscape, marked by global uncertainties, and domestic challenges, the role of AMCON becomes even more critical. Resolving non-performing loans, recovering debts, and managing acquired assets are key to ensuring the stability and resilience of our banking sector. It is essential that AMCON remains steadfast in its mission, adopting innovative strategies and leveraging technology to enhance its operations.

“AMCON, since its inception, has played a pivotal role in stabilizing the Nigerian financial system. In the aftermath of the 2009 global economic crisis, AMCON was established to address the non-performing loan crisis that threatened the stability of our banking sector. Today, as we reflect on the journey thus far, we acknowledge the significant strides made by AMCON in fulfilling its mandate. This visit aims to ensure that AMCON operates within the legal framework established by the National Assembly and achieves its objectives effectively and efficiently.”

He added that the visit to AMCON is part of their legislative functions, as enshrined in sections 62, 88, and 89 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), which empowers the National Assembly to oversight all Government Ministries, Departments, Agencies (MDAs) and Government owned Enterprises (GoEs) for judicious utilization of Government Funds and Order 21(2) of the House Standing Orders, Eleventh Edition (as amended), which placed AMCON under the oversight jurisdiction of the Committee.

Earlier in his welcome remarks, the AMCON MD/CEO who hosted the Committee with his Executive Directors – Dr Aminu Mukhtar Dan’amu, and Mr Adeshola Lamidi among other senior staff of the Corporation told the Committee that despite the shaky start-off model, the Corporation, with the support of the National Assembly, has made considerable recoveries.

Alade said, “To date, the Corporation has made recoveries in the sum of N1.960 trillion. Of the total recovery, cash recovery represents 43%, sale of bridged banks 13%, sale of proprietary shares 11%, clawback & repurchases 9%, sale of property assets & rentals 9%, investment income 7%, while others represent about 7%.”

The AMCON boss who took the members down memory lane of what led to the creation of AMCON and the many battles the Corporation had to deal with since its establishment informed that AMCON has disposed of proprietary assets worth about N651billion from inception to date. In addition, Alade said the Corporation has made a total repayment of N2.929 trillion to the Central Bank of Nigeria (CBN) from 2013 to 2023, which of course includes contributions to the Sinking Fund by other Deposit Money Banks (DMBs), and AMCON recoveries. 

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Ogunleye disclosed this while speaking during a Panel Session hosted by the NNPC Ltd at the ongoing 2024 CERAWeek Conference in Houston, the United States, on Wednesday.

Ogunleye, whose session addressed the theme, “Africa’s Energy Future: Access, Investment & Sustainability” said under the current leadership of Mr. Mele Kyari, the Company has institutionalized the use of modern technology to drive its operations, a development that has created tremendous value for the company in its quest to compete with its global peers.

He said with the coming of the Petroleum Industry Act (PIA) in 2021, NNPC Ltd has today transformed into an integrated commercial entity that is focused on transparency and accountability, two core values that are vital towards the Company’s quest to float an Initial Public Offer (IPO) at the stock exchange.

“Over the last five years, the NNPC Ltd has been pushing the agenda of transparency, accountability and performance excellence. I am glad to say that we are setting very high standards, and this is a journey that we are all committed to going forward,” Ogunleye added.

He further observed that transparency and accountability have a commercial component to them, because they can make any organisation attractive to its partners and potential investors.

He said currently, the NNPC Ltd is working assiduously to become IPO-ready, stressing that once that is done, the IPO will be phenomenal and successful.Ogunleye, who described the future as exciting for the NNPC Ltd, said as the biggest energy company in Africa with the biggest resources and largest market, the Company remains committed to delivering value to its shareholders by relentlessly improving its processes in line with global best standards. 

He said gas will continue to be an important resource for Africa because it is the surest tool for economic development and for delivering better living standards for the teeming population on the continent.

He called on all gas players to sustain the advocacy for gas as a major energy source that will be utilized to develop the economic and industrial fortunes of the continent.

He said gas is a top priority for NNPC Ltd because the Company is at the forefront of Nigeria’s gas commercialization efforts and flare elimination.

“Gas has come to stay. It is going to be part of the energy mix for us in the long term. We shall continue to be at the forefront of accelerating gas development and commercialization in Nigeria,” he added.

Other energy experts on Mr. Ogunleye’s panel are Daniel Berkove, Senior Advisor, S&P Global; Emmanuel Mugagga, Chief Financial Officer, Uganda National Oil Company and Benjamin Kweku Acolatse, Deputy Chief Executive Officer (Finance and Administration), Ghana National Petroleum Corporation.

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