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General Dr. Yakubu Gowon

He has been the Chairman of the Board of IGI since its inception and currently leads a board of 9 members that lends its skill and years of experience to directing the strategy of the Company. He was Nigeria's Head of State and Commander-in-Chief of the Armed Forces from 1966 to 1975.

With a doctorate degree in Political Science, he has spent the past three decades providing leadership for projects designed to promote peace and progress in Nigeria and internationally.

He is the President and Chairman, Board of Trustees of Yakubu Gowon Centre, Abuja, a nongovernmental organization set up to promote the cause of Nigerian unity, nation-building, national integration and conflict resolution through dialogue and involvement in Humanitarian organisations and projects.

He is also a recipient of the national honour, Grand Commander of the Federal Republic.

Another recent initiative of his is the "Nigeria Prays" project, which is a vehicle for promoting peace and canvassing for spiritual and moral rebirth in the country.

Mr. Remi Olowude OON
M.Sc (Econs), ACII
Executive Vice Chairman

The Executive Vice-Chairman and Chief Executive Officer of IGI, he has a very rich inter-disciplinary background. He had his formal education in Economics both at the University of Lagos (1970-73) and the University of Santa Clara, California, United States (1976). He is also an Associate of the Chartered Insurance Institute of London.

A self-motivated achiever, Mr. Olowude has deployed his multi-disciplinary background, professionalism and vision to build a conglomerate with interests in various sectors of the Nigerian Economy.

Mr. Olowude has delivered papers at various fora on wide ranging topics. He has a total of 28 years cognate experience in Insurance Management. 

Apostle Hayford I. Alile
OFR, B.A., MBA (Hon), D.Sc

As well as being a Director on the IGI board, he was a Director of the Central Bank of Nigeria (1999-2005). Since retirement as the Director General/Chief Executive Officer of the Nigerian Stock Exchange, he still serves on the Governing Council of the Exchange as well as on the Board of the Nigeria Security Printing and Minting Company PIc.

A former President of the Harvard Business School Association of Nigeria, Apostle Alile is a fellow of each of the Institute of Directors, the Nigerian Institute of Management as well as the Chartered Institute of Stockbrokers.

He is a leading investment analyst who has, in the last three decades, made valuable contributions to national economic growth and public policy formulation. He was for 12 years a Trustee and Treasurer of the Nigeria Olympic Committee.

He is the Spiritual Leader of St. Joseph Chosen Church of God.

Alhaji Yayale Ahmed

A native of Bauchi State, Ahmed has a Bachelor's Degree in Political Science and a Master's Degree in Public Administration both from Ahmadu Bello University, Zaria.


He also has honorary Doctorate Degrees in Law and of Letters awarded by the University of Abuja and Bayero University, Kano respectively. He was appointed Head of Service of the Federation in 2000 and the Secretary to The Government of The Federation in 2008.

Prof. Oladapo Afolabi

Afolabi, who has a PhD in Applied Chemistry, won a fellowship at Howard University, Washington as an International Atomic Energy Agency Fellow in 1983.


He played a major role in organising the first Ecological Summit in 1988, which led to creation of the Federal Ministry of Environment. He had a flourishing career in the civil service and was appointed Head of Service in 2010.

Mrs Olubunmi Olowude

She is a Laboratory Scientist by profession and has had a distinguished career at the Nigerian National Petroleum Corporation (NNPC) from which she retired as Head of the Medical Laboratory Department.

She is Member, Institute of Medical Laboratory Technologists. Now a businesswoman, Mrs. Olowude is on the Board of Directors of several companies including Orbital Computer Services Limited and Bimrax Limited.

Mr. Rotimi Fashola
MBA, ACII (London), ACI.arb

Mr Rotimi Fashola is a Chartered Insurer of over two decades post qualification as a distinguished insurance professional. He holds an MBA with specialisation in Marketing from Obafemi Awolowo University, Ile-Ife, Nigeria. He is an Associate of Chartered Insurance Institute of London (ACII), Associate Chartered Institute of Arbitration (London), (ACI (Arb) and Associate Member, National Institute of Marketing of Nigeria (NIMN).


Mr Fashola is an alumnus of both West African Insurance Institute (WAII) (Gambia) and the Global Institute for Leadership Development (GILD), USA. He is a fellow of West African Insurance Institute (WAII), Fellow of Institute of Directors (FIOD), a Fellow of Institute of Direct Marketing (FIDM), member of the Governing Council of the West African Insurance Companies Association (WAICA) and a member of the Governing Council (WAII) (Gambia).
He currently serves on the board of many companies both local and abroad and has attended numerous courses, seminars and conferences. He was the CEO of Liberty Assurance Company Limited between 1991-1993 before joining Industrial and General Insurance Plc. (IGI) in July 1993 and presently the Deputy Managing Director. Mr Fashola sits on boards of several companies.


Mr. Sina Elusakin

He is the Executive Director (Special Risks). Mr Elushakin holds a Bachelor of Science in Statistics, Masters of Business Administration (Banking and Finance).


He is also an associate of the Chartered Insurance Institute of Nigeria and a member of the Energy Institute, London. Mr Elusakin's expertise in Oil and Gas underwriting skill is recognized both in Nigeria and internationally.

Mr. Yinka Obalade

Executive Director (Group Account, Finance and Investment).  He is a fellow of the Institute of Chartered Accountants of Nigeria.  Mr Obalade has more than 20 years banking experience, retiring as Chief Executive of Global Bank Limited in 2005.  He is the Executive Director in charge of Group Account, Finance and Investment.

Mr. Kenneth Aigbinode


With experience in financial sector spanning over 25 years, Kenneth Aigbinode began his banking career in Barclays Bank in 1975. He worked for 10 years (1983 -1993) in Nigerian-American Merchant Bank, including a 6-month credit internship in Boston with the bank's affiliate, Bank of Boston, USA. Between 1998 and 2003, he was in Fidelity Union Merchant Bank where he rose to become the Acting Managing Director.


He oversaw the bank's transformation from merchant banking to commercial banking, before joining New Nigeria Bank in 2004 as an Executive Director. The Central Bank of Nigeria engaged him for 6 months in 2005 as part of an Interim Management Board to oversee the affairs of Assurance Bank towards an orderly liquidation.  Since 2005, Aigbinode has been consulting in telecommunications. He currently oversees the telecoms portfolio of IGI Plc as Group Director.



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