The Governing Board of the National Insurance Commission(NAICOM) has promoted Mr Razaaq Salami, Talmiz Usman and three others to the Director cadre, the Commission said in a statement.

The governing board at its meeting held on 21 June, 2024, approved the promotion of five (5) staff to the grade of Director following the promotion exercise conducted on 27th March, 2024. The new Directors are:

1. Mr. Ajibola Bankole – Director, Inspectorate
2. Mr. Ahmad Ibrahim Adamu – Director, Innovation & Regulation
3. Dr. Talmiz Usman – Director, Legal, Enforcement & Market Development
4. Mr. Kamaludeen Barde – Director, Finance & Accounts
5. Mr. Rasaaq Salami – Director, Human Resources & Administration

The Governing Board also approved the updated organisational structure of the Commission to enhance its efficiency, effectiveness, and adaptability. This restructuring ensures that the organisational structure aligns with the Commission’s strategic goals and objectives, aiding the executive management in achieving its mandate. The new directorates are:
1. Inspectorate
2. Supervision
3. Market Conduct & Complaint Bureau
4. Innovation and Regulation
5. Legal, Enforcement & Market Development
6. Human Resources & Administration
7. Finance & Accounts
8. Technology, Strategy & Research