The National Insurance Commission (NAICOM) has approved a reconstituted Board of Directors for Guinea Insurance Plc, signaling a significant step in the company’s ongoing transformation agenda. The newly approved Board is chaired by Mr. Temitope Borishade and includes Mrs. Bernice Izilen Okosun, Mrs. Ijeoma Pearl Okoro, and Dr. Nkemakonam Chukwukaodinaka, all appointed as Non-Executive Directors.
A statement issued by Mr. Hanson Ufot, Head of Brand and Corporate Communications at Guinea Insurance, noted that the regulatory approval followed a high-level Board of Directors retreat held in Lagos on the 15th and 16th of May 2025. The retreat was described as a moment of legacy and renewal, designed to realign strategic priorities and strengthen the company’s corporate governance. It concluded with a formal Board meeting on May 17th.
According to the statement, the retreat facilitated meaningful engagements between the newly appointed directors and their outgoing counterparts, fostering collaborative dialogue, insightful knowledge sharing, and a renewed focus on building a strong leadership synergy to drive the company’s forward-looking goals.
The newly appointed directors join an existing lineup that includes Mr. Samuel Onukwue (Non-Executive Director) and Mrs. Chioma Okigbo (Independent Non-Executive Director), alongside Executive Directors Mr. Ademola Abidogun (MD/CEO), Mr. Pius Edobor (Executive Director, Finance & Corporate Services), and Mrs. Ogonna Offor-Orabueze (Executive Director, Technical).
The two-day strategy session provided a comprehensive review of Guinea Insurance’s current trajectory, examining operational milestones, brand repositioning efforts, stakeholder engagement strategies, and a clear path to sustainable profitability. Senior management presented performance highlights, internal reforms, and emerging opportunities designed to reposition the company as a competitive and forward-thinking player within Nigeria’s insurance industry.
Commenting on the retreat and the Board changes, Mr. Ademola Abidogun, Managing Director/CEO, emphasized the company’s unwavering commitment to strengthening its leadership culture and driving sustainable growth.
“This retreat is a clear reflection of our resolve to entrench corporate excellence, deepen stakeholder confidence, and unlock strategic growth,” he said. “The combination of continuity and fresh perspectives at the Board level positions us uniquely to navigate the future with clarity and reinforce our renewed focus on profitability and long-term market competitiveness.”
He further affirmed the company’s future-facing agenda, stating, “Guinea Insurance remains committed to building a resilient, innovation-led, and trusted brand — exceeding expectations at every turn.”