AIICO declares N4.4 billion dividend, appoints non‑executive directors

By Rosemary Iwunze

At its annual general meeting in Lagos, AIICO Insurance Plc announced that shareholders have approved a dividend of 12 kobo per share, totaling N4.4 billion.

The company also appointed three new non‑executive directors to its board:

• Tunde Mabawonku – a seasoned professional with more than two decades of experience in banking, finance, strategy, and corporate services, and a strong background in digital and retail financial services.
• Rolake Akinkugbe‑Filani – who brings deep expertise in capital markets, energy finance, and risk governance, and has operated across multi‑jurisdictional environments.
• Sadiq Mohammed – an independent non‑executive director with over thirty years of leadership in asset management, pensions, infrastructure, and investment advisory, and significant boardroom experience.

Mr. Olalekan Akinyanmi was also named the new Chairman of the Board, succeeding Mr. Kundan Sainani.

MD/CEO Mr. Babatunde Fajemirokun said, “We are grateful to our shareholders and investors for their continued confidence and support. Their trust remains a strong validation of our strategic direction and the progress we are making as a business.”

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