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AWCON Qualifier: Super Falcons Beat Ivory Coast 2-0

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Nigeria took a huge step to qualifying for the 2022 Africa Women’s Cup of Nations (AWCON) by defeating Cote d’Ivoire 2-0 at the Moshood Abiola Stadium on Friday afternoon.

A brace from Gotham FC striker Ifeoma Onumonu helped the Randy Waldrum side win the first leg of the encounter in Abuja.

The Ivorians bombarded the Super Falcons with their physical flavour. They almost drew the first blood but goalkeeper Chiamaka Nnadozie was at alert with some smart saves.

Falcons who started the game slowly were forced to up the ante and they were in front from a counter attack on 21 minutes.

French based Esther Okoronkwo set up Onumonu inside the box and the striker showed gratitude with a sweet finish.

Nnadozie helped Falcons protect their precious lead with her usual teasers behind the sticks.

The reigning African champions had a slim lead at halftime, thanks to Onumonu’s effort.

In the 51st minute, Michelle Alozie was at alert to make a brilliant defensive clearance while Nnadozie produced another top save.

Five minutes later, Onumonu bagged a brace as she lobbed the ball over the Ivorian goalkeeper to double the Super Falcons’ lead, thus winning the game.

The Super Falcons and the Lady Elephants are expected to play the second leg of the encounter inside the Stade Robert Champroux in Abidjan next Wednesday.

The 12th Women AFCON finals, which hold in Morocco between July 2 and 23, 2022, will see all four semi-finalists qualify for the 2023 FIFA Women’s World Cup, to be co-hosted by Australia and New Zealand.

It is the first Women’s World Cup to entertain 32 teams – same number as the men’s tournament.

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Business

NAICOM Counsels Edo Government, Residents, To Embrace Insurance

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Karachi Anyanwu, National Insurance Commission (left); Rasaaq Salami, Head of Corporate Communications and Market Development, NAICOM; Bar. Osarodion Ogie, Secretary to Edo State Government; Adeyemi Abubakar, Assistant Director, NAICOM and, John Osagie, Chairman of Edo State Internal Revenue Services at the meeting between NAICOM and the Edo State Government in Benin City on Thursday.

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Elumelu Charges Insurance Brokers To Lead War Against Unethical Practices

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By Sola Alabadan

The Chairman of Heirs Holdings, Tony Elumelu, has charged the Nigerian Council Of Registered Insurance Brokers (NCRIB) to lead the war against unethical practices, such as: premium rate cutting, delayed premium remittance, unremitted premium, overloading of premium, returned premium, fake documents, that have been the bane of the nation’s insurance industry for years.

Elumelu, who gave this charge during the 60th Anniversary celebration of NCRIB in Lagos on Thursday, listed other unethical practices to include:
fraudulent claims, collusion to defraud, mis-selling, unhealthy competition, misrepresentations, manipulation of policy conditions, self-enrichment methods disguised as marketing expenses, among others.

While the National Insurance Commission (NAICOM) continues to play its role as the industry regulator, he said the NCRIB, as a body, must ensure that appropriate sanctions are imposed on any of its members found engaging in unethical practices.

He also advocated for the recapitalisation of the brokerage industry in our country, saying the minimum capital base should be increased to N50 million, noting that N5 million is not enough as capital base.

In the area of Governance, he said the industry need to enforce strict adherence to corporate governance by all NCRIB members, while weeding out non-registered and non-compliant members from its fold.

He said the non-registered brokers are the ones tarnishing the image of the broking profession and the industry at large.

Elumelu called on the insurance operators to create more awareness about insurance and showcase the value of insurance to the public, promoting participation, most especially in the retail space.

Insurance brokers, he added, need to participate fully in this drive to bridge the insurance knowledge gap if the industry is desirous to make insurance attractive to Nigerians.

As the insurance brokers have been recognised as corporate insurance specialists, he stated that “It is high time the brokers community began to shift focus to retail because this is where the future of insurance lies in Nigeria. Brokers have the capacity to lead in this area.”

While pointing out that innovation and disruptive practices cannot occur if the operators do not broaden their thinking, he said “Trying to make profits from existing lines is not going to deepen insurance penetration, rather we must look at the blue ocean opportunities.

“This is something I task the management of the insurance companies to constantly think of in product development and deployment.”

To remain relevant in the modern business arena, the insurance broker community and, by extension, the entire Nigerian insurance industry, must embrace technology fully, he further advised.

Besides, he said there is urgent need to develop the next generation of talent to serve the Nigerian insurance industry.

He emphasised that the broker community should rally and become the hub for the education and training of our youths to get qualified talent for the next phase of the industry, adding that “We need to raise the profile of our insurance professionals, make it attractive for the younger generation.”

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Leadway Graduate Trainee Programme Graduates 30 Young Professionals

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Leadway Assurance Company Limited has graduated 34 young professionals following their successful completion of the company’s 2022 Graduate Trainee Programme, and the successful trainees have been inducted into its diverse business portfolios.
The six-month programme equips young graduates with the relevant skill set required to thrive in the dynamic and ever-evolving workforce.
The training modules dealt with problem-solving, networking, technical and soft skills, workplace culture, digital proficiency for self-development, and professional capabilities preparing the trainees to serve in different departments across the diverse verticals of the business.
Speaking at the graduation ceremony recently, Managing Director of Leadway Assurance, Tunde Hassan-Odukale, stated that the Graduate Trainee programme aligns with the organisation’s corporate twin mandate of providing career opportunities and upskilling Nigeria’s growing young, vibrant and productive population. The programme also strengthens its workforce with the right talent pool for its ambitious growth objectives.
“Our people are the centre-point of our continued marketplace performance and at the core of the organisation’s value creation. So, it is pertinent that we house the best talents in the industry to drive our objectives within the frames of our values and in alignment with the company’s vision and leadership position in the African insurance marketplace.
The Leadway Graduate Trainee Programme is designed to achieve a sustained pool of the required elite skills and talents by initiating young, promising, dynamic, future-centric minds into a comprehensive upskilling process that tunes them towards actualising the mandate of advancing our esteemed ethos.
“We are optimistic that the skills, innovation, and creativity that this programme unleashes satisfy the expectations of our cultural, strategic and operational requirements. We are confident that the training and onboarding of these young professionals further validates our profile as a youth-oriented and future-forward organisation.
“I would like to congratulate and celebrate the 2022 Leadway Graduate Trainees. Their successful induction is a testament to the tenacity, hard work, and commitment deployed during the six-month rigorous tutelage”, he added.

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