PROTOCOLS
It is my utmost
delight in welcoming you to this wonderful gathering of the crème of insurance
practitioners and of very distinguished guests from all walks of life, who will
be witnessing the Investiture of the 47th President of our great
Institute and the 5th Female to occupy the exalted position in the
fifty six years of our noble body.
The Investiture of
Lady Isioma Chukwuma comes barely over one year after I received the mandate to
serve our Institute as the 46th President and Chairman of the
Governing Council and indeed, two years after my predecessor, Mr.
FataiKayodeLawal received a similar mandate to serve as the 45th
President.
Permit me to state
that my tenure as the 46th President which started on Thursday June
19, 2014 was to end in June, 2015. However, the Council, in exercise of its
statutory power extended the Institute’s year to Friday July 31, 2015 to accommodate
the Maiden Insurance Industry Mega Conference and other activities.
Let me state that the
theme of my Presidency, “Promoting the Legacy of Continuity” was fulfilled to
the letter. The last one year therefore became a watershed in the history of
our great Institute because of our decision to build upon the successes of the
immediate past Presidency which was anchored on the Promotion of Insurance
Education in Nigeria.
I am elated by the
huge successes we recorded during the period as a result of our collective
resolve to pursue the programmes and activities which gave our Institute a
quantum leap because of the leveraging effect of rowing in the same direction.
The reports we
presented during the Annual General Meeting held on Wednesday 29th
July, 2015 at Transcorp Hilton, Abuja, represented not just my achievements but
that of our wonderful Council members, Elders of the Institute, Chairmen and
members of Committees, Professional Colleagues, the Secretariat staff and,
indeed our teaming members.
The lofty goals we
set in pursuit of the Legacy of Continuity, were fervently followed and
surpassed. They include:
·
Focus on the resuscitation of the
development of the Institute’s building project in Victoria Island.
·
Commencement of academic activities at
the College of Insurance which we re-designated as the Centre for Insurance and
Financial Management Studies.
·
Establishment of an E-library
·
Strengthening of the study and
teaching of Insurance in secondary schools and tertiary institutions in
Nigeria.
·
Provision of adequately trained
manpower at the Institute’s secretariat for improved service delivery.
The details of our
efforts in respect of these items had been properly articulated in the Annual
Report & Financial Statements and in the current edition of the Institute
Journal. Let me state, however, that we are proud of the modest successes
recorded, especially with regards to:
·
Our ability to consolidate the
Institute’s hold on the drawings and documents which are requisite for
commencement of work at the Victoria Island site. The approval of Lagos State
which is a nod for commencement of work at the property is an overwhelming
success.
·
The commencement of academic
activities at the Centre For Insurance and Financial Management studies and the
Landmark Commissioning of the Centre on Thursday July 30, 2015.
·
Massive support from individuals and
companies by means of donations which aided the completion of all the vital structures
at the Centre and making them functional. We were able to generate over
N100,000.000 through deft marketing.
·
On-going establishment of an E-library
at the Centre in collaboration with Mansard Insurance company Limited.
·
The establishment of an examinationcentre
in Kigali, Rwanda in addition to the existing off-shore centre in Banjul, The
Gambia.
·
Near-Conclusion of the review of the
examination syllabus geared at broadening the scope of the exams.
·
Conclusion of a Strategy Retreat
anchored by KPMG with the view of strengthening the Institute for modern
challenges and future growth and development. The strategy retreat was fully
sponsored by Sovereign Trust Insurance Co.
·
Donation of books to selected state
ministries of education which was complemented with capacity building for
insurance teachers.
·
Mid-wiving of the successful organization
of the maiden Industry Mega Conference which was held from 26th to
29th July, 2015 at Transcorp Hilton, Abuja.
Distinguished Ladies
and Gentlemen, these are part of our modest successes whilst not taking much of
your time to enumerate the rest achievements on this joyous occasion which is
meant to celebrate Lady IsiomaChukwuma and to hand over the baton of leadership
to her for continuation of what has now become a Rolling Plan for the growth
and development of our great Institute.
Let me say that
Chartered Insurance Institute of Nigeria is blessed once again with a rare gem.
Lady Chukwuma has been a committed
member of our Governing Council since 1999, making her eminently qualified for
the honour being bestowed on her today. She is not only qualified but also
passion-driven.
One of the qualities
she is known for is punctuality as she would be sitted for any meeting more
than thirty minutes before the scheduled time. Lady Chukwuma’s contributions to
deliberations are always key as she always maintains a dignified stance on
issues on the floor of the Council. Her leadership qualities are therefore
unquestionable and she has demonstrated these qualities in the various
Leadership positions she had occupied, including:
·
Past Chairman, CIIN Offices
Representatives’ Committee (ORC)
·
Past President, Professional Insurance
Ladies Association (PILA).
·
Past Chairman of the Mandatory
Continuous Professional Development Committee
·
Hon. Treasurer of the Institute
·
Chairmanship of the Governing Board of
the Centre for Insurance and Financial Management Studies
·
Deputy President of the Institute
Lady IsiomaChukwuma’s
loyalty to Nigeria Reinsurance Corporation is exemplary. She joined the
Corporation in 1980 as a Graduate Trainee and remained loyal through the years,
culminating in the recognition of her sterling qualities when she was elevated
to the position of Acting Managing Director on the 18th of March,
2009 and subsequently confirmed as the substantive Managing Director and Chief
Executive Officer of Nigeria Reinsurance Corporation on the 17th of
June, 2009.
I have no doubts that
Lady IsiomaChukwuma will bring her Leadership prowess to bear as she assumes
the Presidency of this great Institute today. She was my worthy deputy in the
last one year and will have no problems whatsoever in stepping into my shoes.
As I end my
valedictory address, permit me to express my profound appreciation to everyone
who made my Presidency a resounding success. As I earlier pointed out, It was a
collective effort and, I believe this hand of Fellowship should be extended to
Lady Chukwuma.
Once again, I welcome
you to the Investiture of Lady IsiomaChukwuma as the 47th President
and Chairman of Council of the Chartered Insurance Institute of Nigeria.
Thank you for your attention.
BOLA TEMOWO,
FCII, FIIN
President/Chairman
of Council
Chartered
Insurance Institute of Nigeria
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