AIICO Insurance Management

Management criteria checks 2/4

AIICO Insurance's CEO is Babatunde Fajemirokun, appointed in Aug 2019, has a tenure of 4.67 years. directly owns 0.32% of the company’s shares, worth NGN115.95M. The average tenure of the management team and the board of directors is 3.4 years and 6.5 years respectively.

Key information

Babatunde Fajemirokun

Chief executive officer


Total compensation

CEO salary percentagen/a
CEO tenure4.7yrs
CEO ownership0.3%
Management average tenure3.4yrs
Board average tenure6.5yrs

Recent management updates

Recent updates


Babatunde Fajemirokun



Mr. Babatunde Fajemirokun, A.C.I.I., B.A., FCII, M.B.A. & M.Sc., is the Managing Director and Chief Executive Officer at AIICO Insurance Plc (“AIICO”) since August 14, 2019 and was its Chief Operating Offi...

Leadership Team

Babatunde Fajemirokun
Group MD4.7yrsno data0.32%
NGN 115.9m
Bisola Elias
Chief Financial Officerless than a yearno datano data
Adewale Abass
Executive Director of Technical & Executive Directorno datano datano data
J. Atanda
Assistant General Manager of Human Resources & Administrationno datano datano data
Abiodun Adebanjo
Chief Risk Officerno datano datano data
Olusanjo Shodimu
Chief Digital & Innovation Officer1.5yrsno datano data
Iyabo Adeniran
Head of Group Life Business4.6yrsno datano data
Titilola Okunlola
Head of Technical – Retail Business4.6yrsno datano data
Ezekiel Olukolajo
Head of Non-Life Technicalno datano datano data
Akinsola Akinsola
Head of Oil & Energyno datano datano data
Oladele Akanni
Head of Northern Regionno datano datano data
Gbenga Ilori
Head of Retail Business Division2.3yrsno datano data


Average Tenure

Experienced Management: AIICO's management team is considered experienced (3.4 years average tenure).

Board Members

Babatunde Fajemirokun
Group MD8.9yrsno data0.32%
NGN 115.9m
Adewale Abass
Executive Director of Technical & Executive Director6.5yrsno datano data
Kundan Sainani
Chairman9.4yrsno datano data
Ademola Adebise
Non-Executive Director8.1yrsno data0.00013%
NGN 47.1k
Samaila Zubairu
Independent Non-Executive Director8.1yrsno datano data
Olalekan Akinyanmi
Non-Executive Director5.3yrsno datano data
Raimund Synders
Representative Non-Executive Director4.3yrsno datano data
Oluwafolakemi Edun
Non-Executive Director5.5yrsno datano data
Rotimi Okpaise
Non-Executive Director1.5yrsno datano data


Average Tenure

Experienced Board: AIICO's board of directors are considered experienced (6.5 years average tenure).

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