Insurance Firm Gets New Board


The Goldlink Insurance Plc has changed the board of directors of the company after the sack of its Managing Director, Mrs Funke Moore by the National Insurance Commission (NAICOM) last week
The Company’s Secretary/Legal Adviser, Mr Tobi Olaleye, said this in a release to the Nigerian Stock Exchange (NSE) and the investing public, made available to The Tide.
Olaleye said that NAICOM removed Moore and reconstituted a new board for the insurance company.
The secretary said that the commission approved the appointment of Mr Kenneth Edoro Egbaran as the new Chief Executive Officer of the insurance firm.
He also said that NAICOM has appointed Nahim Ibraheem as the Chairman of the newly constituted board.
Other members of the new board include Adeyinka Olutungase, Olarenwaju Suliamon, Tonbofa Eva and Farouk Lawal Yola.
According to reports, NAICOM took over the management of Goldlink in 2012 and appointed an interim management board for the company in furtherance of its regulatory oversight function.
The commission also approved a recapitalisation scheme for the insurance company last year in a bid to restructure the company and return it to profitability.