President Buhari Appoints Sabiu Bello Abubakar and Oba Olufemi as Deputy Insurance Commissioners

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Tuesday, July 28, 2020 / 07:59 AM / By Proshare Research / Header Image Credit: EcoGraphics

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President Muhammadu Buhari has approved the appointments of Alhaji Sabiu Bello Abubakar and Mr. Oba Olufemi Oluniyi, FCA as Deputy Commissioners for Insurance, National Insurance Commission, NAICOM.


According to a statement issued by the Deputy Director, Commissioner for Insurance Directorate, Sabiu Bello Abubakar will function as the Deputy Commissioner, Technical, while Oba Olufemi Oluniyi will serve as the Deputy Commissioner in charge of Finance and Administration (F&A) in the Commission. Both appointments are effective July 17, 2020, for an initial tenure of five years.


Brief Profile


1. Sabiu Bello Abubakar 

Sabiu Bello Abubakar joined Jaiz Takaful Insurance Plc as Executive Director (Operations & Training) in November, 2017. He is a Fellow of both Chartered Insurance Institute of Nigeria (CIIN) and Chartered Insurance Institute of London as well as Associate Member of Nigeria Institute of Management (AMNIM).


He graduated from Usmanu Danfodiyo University, Sokoto with Bachelor Degree in Education and has a Master's degree in Business Administration (MBA) in Finance from the Bayero University Kano.


Having 25 years work experience in the Insurance industry serving in various capacities, he started his working career with NICON Insurance Corporation and worked in a number of other insurance institutions in Nigeria. Prominent among them are Industrial & General Insurance Company (IGI), Cornerstone Insurance Plc and the National Insurance Commission (NAICOM).


A prominent advocate and facilitator of financial inclusion in Nigeria particularly Takaful and Micro Insurance, with special skill in business ethics and development. Mr. Abubakar has vast experience in insurance regulation, Oil and Energy Insurance, Reinsurance and Insurance product development and design. At NAICOM he was head Market Development and chaired many Committees such as Insurance of Government Strategic Assets Committee and contributed in development of many regulatory guidelines and policies.


He is a professional manager and has proven records on management.    


He has attended several trainings both local and overseas.


2. Oba Olufemi Oluniyi

Olufemi Oba is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). He has served in NAICOM for over 20 years, rising through the ranks. In 2016, he was redeployed to oversee the Supervision Directorate of the commission.


He has held different positions at Directorate level in NAICOM and was appointed to serve as Non-Executive Member of the Governing Board of Financial Reporting Council of Nigeria in 2017

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