Chuks Udo Okonta
The family of Adetunji Onalaja has announced his passing on at the age of 83years. He would have been 84 years on the July 4, 2013. Onalaja passed on on Saturday March 23, 2013 according to a letter signed by Mrs. Olayemi Badewole (Nee Onalaja).A statement by Head Corporate Affairs Chartered Insurance Institute of Nigerian (CIIN) Joseph Obah, said the late Onalaja, an icon of the Insurance Profession, hails from Ago-Iwoye in Ogun State of Nigeria.
He noted that he became President of Chartered Insurance Institute of Nigeria in 1985 and served the Institute meritoriously in that capacity and thereafter.
"An astute professional, Onalaja was in the employment of Royal Exchange Assurance Plc for over 30 years and rose to become the company’s first Nigerian Managing Director. He joined Royal Exchange in 1949 and became its Chief Executive Officer in 1980 after 31 years in the company’s employment.
The entire insurance industry and the financial services sector will miss this icon who qualifies as one of those who pioneered what has turned out to become a vibrant sector of the national economy," he said.
President of CIIN, Dr. Wole Adetimehin described the late Onalaja as a respected Elder of the insurance industry and an astute professional. He said Onalaja’s exit would leave a vacuum which no one else could occupy, describing him as one of the icons of the profession.
The Institute noted that it will be in touch with the Onalaja family in tracking developments pertaining to his burial in due course.
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