Jimoh Ibrahim: AMCON takes over NICON Insurance Limited and Nigeria Re

Following the reversal of a court order granted over the N69.4 billion debt owed the Assets Management Corporation of Nigeria (AMCON), AMCON is, instead, working in partnership with the Bureau for Public Enterprises (BPE) to bring the “much-needed stability” in the operation of two insurance organisations seized from businessman, Jimoh Ibrahim and the National Insurance Commission (NAICOM) has approved new board and management for the two firms. They are: NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re) have which will now be headed

 

According to a statement by AMCON,  Lamis Shehu Dikko as chairman; Henry Uko Ationu as managing director/chief executive officer, John Abuh Oyidih as executive director, finance & administration, Alexander Ayoola Okoh, the Director-General of Bureau for Public Enterprises (BPE) as Non-Executive Director and Ahmed Dahiru Modibbo FIBA ACIS as Non-Executive Director (Independent) are the new management for NICON. The directors of Nigeria Reinsurance Corporation include Mela Audu Nunghe as chairman; Olugbenga Falekulo as managing director/chief executive officer,  Olusegun Ilori as executive director, finance & administration as well as Alexander Ayoola Okoh, the Director-General of Bureau for Public Enterprises (BPE) as Non-Executive Director while Yvonne Isichei MIoD, FCIB joins as Non-Executive Director (Independent).AMC

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