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Fayemi Signs Amotekun Bill Into Law

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Ekiti State Governor, Dr. Kayode Fayemi on Monday signed the bill for the establishment of the state Security Network Agency and Amotekun Corps into law.

The House of Assembly on February 14 passed the bill and forwarded it to the governor for his assent after exhaustive points-by-points and clause-by-clause scrutinization of the bill.

The security outfit was initiated by the six South-West governors to tackle the prevailing security challenges facing the region.

Presenting the bill to the governor at the event held at the popular Jibowu Hall inside the Government House, Ado-Ekiti, the state capital, the Speaker of the state House of Assembly, Funminiyi Afuye, said the House had fulfilled its fundamental responsibility of making people-oriented laws that would guarantee adequuate protection of lives and property of the people of the state.

Afuye expressed optimism that the bill when sign into law would stem the tide of kidnapping, banditry, armed robbery and other manifestation of criminalities that have continued to constitute hindrances to people’s normal social and economic life.

He said the homogeneity of Yoruba race, in terms of politics, culture and history made the Amotekun gained traction in the southwest region.

” It is clear that the police are overwhelmed, overstreched and overburdened. This is where the concept behind Amotekun stemmed from. I want to also douse the tension and clarify that it won’t compete with police but will complement it”, he said.

In his remarks at the event witnessed by top government functionaries and traditional rulers, Fayemi warned criminals to steer clear of Ekiti, boasting that “Amotekun Corps will get you wherever you hide”.

The governor said the security outfit would not be politicised but rather strengthen to ensure that criminals within and outside the state had no breathing space.

The governor said the resilience of Ekiti kete and Yoruba race brought the security outfit to full operation, stressing the scenario leading to the formation of Amotekun corps was novel since the advent of democracy in 1999.

“Since the advent of democracy in 1999, this is the first time when Yoruba people will speak with one voice without political or religious considerations”, he said.

Speaking about the event leading to the formation of the corps, Fayemi said: “As a responsible and responsive government,it is our belief that security is significant and we won’t toy with security of lives and property.

“The current challenges of proliferation of small arms, rutial killings, banditry, youth restiveness , cattle rustling , insurgency and terrorism are daunting.

“In tackling some of these menaces, which surfaced in the southwest region, the governors in the zone officially launched Western Nigeria Security Network in Ibadan on Jan 20, 2020 at and the bill that will form the legal framework was passed by the State House of Assembly .

“Let me clarify that Amotekun will help the police to arrest, gather intelligence and information , arrest and prosecution of criminals , tackle illegal mining, land trespass, cattle rustling, destruction of crops, tresspass into farmlands, cultism, highway robbery, among others.

“Amotekun is not a substitute to the existing security networks , but a complement to it. It is not for Ekiti people alone, but for everbody. As long as you are resident in Ekiti, you enjoy the right to be protected , so it is not for the indigenes alone.

“Crime fighting is a collective responsibility. Those perpetrating crimes are living among us and let us be vigilant and help the Amotekun Corps fish out criminals in our midst”, he said.

Fayemi promised that the handlers of Amotekun will be thorough with the issues of recruitment, training and deployment of the operatives , for efficiency and effectiveness of the network.

“The issues of recruitment, training and deployment will be carefully considered. All the operatives will work in areas where they understand better”.

The governor charged the royal fathers to coalesce efforts with the security network to get rid criminal-minided people at the grassroots.

The Chairman, Ekiti State Council of traditional rulers, Oba Adebanji Alabi , described the signing of the bill as epochal in the annal of history of yorubaland and worthy of celebration.

“You could all remember the events leading to kidnapping, banditry, destruction of crops in the southwest . It was like the region was under siege .

“The governor, Dr Kayoe Fayemi and other colleagues championed the course and worked hard to achieve this success despite encumbrances and obstacles.

“But for Amotekun to be a success, it rests on three things, the recruitment, which must be painstakingly done. The Government and the Obas must make sure we have round pegs in round holes.

“Number two is training , they must be properly trained , groomed in the act of security, information and intelligence gathering , how to guard against sabotage among other skills required of them. The third one is good and strategic deployment, so that we won’t have security operatives that will be ineffective and kleptomaniac”, he advised.

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NAICOM Partners UNDP To Scale Insurance Innovation, Climate Risk Resilience

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The Commissioner for Insurance, Mr. Olusegun Omosehin, received a delegation from the United Nations Development Programme (UNDP) on a courtesy visit to the National Insurance Commission (NAICOM), aimed at deepening collaboration and setting strategic priorities to expand insurance access, enhance market stability, and scale climate and disaster risk solutions across Nigeria.

Speaking during the visit, the UNDP Regional Specialist, Mr. David Mueller, expressed appreciation for the Commission’s leadership and reaffirmed UNDP’s commitment to supporting Nigeria’s insurance sector. He highlighted UNDP’s interest in scaling the Lagos Flood Risk Insurance Model, strengthening systemic capacity, including actuarial development and enabling insurers to mobilize domestic capital for sustainable investment.

The UNDP delegation also pledged continued support for the implementation of ongoing reforms in the Nigerian insurance industry, drawing on lessons learned from previous UNDP supported projects within the sector.

In his response, the Commissioner for Insurance welcomed the UNDP team and expressed gratitude for their sustained support to the Nigerian insurance industry. He outlined five strategic pillars underpinning NAICOM’s reform agenda and reiterated the Commission’s commitment to a transparent recapitalization process, fostering innovation, and creating an enabling environment to significantly enhance insurance penetration in Nigeria.

The Commissioner noted that the recently enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025 provides a robust legal framework for strengthening consumer protection, enhancing regulatory capacity, improving financial soundness, promoting innovation and sustainability, and expanding market access and penetration.

He further explained that the ongoing industry recapitalization exercise, with the first phase scheduled to conclude on 31 July 2026, is designed to reinforce the financial stability and resilience of insurance institutions. To support operators, NAICOM has established dedicated support mechanisms, including a Recapitalization Committee, to guide the process.

The Commissioner also affirmed NAICOM’s commitment to institutionalizing Environmental, Social, and Governance (ESG) principles and sustainable insurance practices through the development of an in house NAICOM ESG Framework, building on prior diagnostic work and toolkits developed in collaboration with partners such as FSD Africa and UNDP.

Both parties agreed on the urgent need to rapidly scale actuarial capacity across the insurance industry through coordinated systemic capacity building initiatives, including the GAIN programme and strategic partnerships with actuarial service providers.
The meeting further explored options to revive and advance a national catastrophic insurance scheme, to be implemented collaboratively by NAICOM, UNDP, and relevant disaster management agencies, including the National Emergency Management Agency (NEMA).

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NIA To Honour Past Governing Council Members

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The Nigerian Insurers Association (NIA) has announced plans to honour its past governing council members and director general, in recognition of their invaluable contributions to the growth and development of the association.

This initiative underscores the association’s deep appreciation for the visionary leadership, dedication, and selfless service of those who have steered the affairs of the NIA over the years. Their efforts have laid a solid
foundation for the association’s achievements and strengthened its role as the collective voice of the insurance industry.

The event is scheduled to take place on April 30 in Lagos, under the theme, “Service as the Cornerstone of Leadership and Institutional Legacy.”

Speaking on the significance of the initiative, the Chairman of the NIA, Mr. Kunle Ahmed, noted that honouring past governing council members and director generals is not only a mark of respect, but also a way of preserving the association’s rich legacy.

He said that their guidance and commitment have been instrumental in shaping policies, fostering industry collaboration, and promoting public confidence in insurance as a tool for national development.

Ahmed emphasised that the structures laid down by the past leaders, the values they upheld, and the sacrifices they made continue to resonate in the association’s present achievements.

He said: “Institutions are built over time, but their true strength lies in the people who devote themselves in service.

“This event is our way of pausing to honour those whose leadership and sacrifices created the pathway we now walk. Their legacy is not confined to history—it lives on in every milestone we celebrate today.”

The NIA Chairman further stated that by celebrating the association’s past leaders, the NIA preserves its history, reinforces its values, and set a clear benchmark for future leadership.

According to him, the progress the association enjoy today is firmly anchored in the foresight and dedication of its past leaders.

“Without question, they remain the bedrock of the NIA’s enduring relevance and success, he said.”

The ceremony will bring together industry stakeholders, regulators, and partners to celebrate these distinguished leaders and reaffirm the Association’s commitment to excellence, innovation, and sustainable growth.

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Heirs Insurance Partners United Capital On Self-care, Wealth Event

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Heirs Insurance Group and United Capital Plc, recently hosted the Yoga and Money Meet Up, an exclusive wellness and financial empowerment event for ambitious women.
The event, which held in Lagos, offered a curated experience combining guided yoga and stress management sessions with expert-led conversations on insurance, investment and asset protection. The event reinforced Heirs Insurance Group’s and United Capital’s commitment to making financial wellness relevant and accessible to Nigerian women.
Speaking on the initiative, Ifesinachi Okoli-Okpagu, Chief Marketing Officer at Heirs Insurance Group, underscored the strong link between insurance and wellness. “Self-care is not just about indulgence; it is about making deliberate choices that safeguard one’s physical, mental, and financial well-being – and insurance is fundamental to that. For many women juggling careers, businesses, and family, this event addresses a significant pain-point: how we protect our assets while still juggling life”.
She introduced HerMotor insurance plan, designed for ambitious women who need more than just insurance. The unique product offers comprehensive motor coverage against accidents, fire, theft, and other unforeseen incidents that cause loss to the policyholder’s car. An added benefit is the 24/7 emergency roadside assistance for female car owners during car breakdowns arising from accidents or mechanical faults. The first-of-its-kind solution in the industry is delivered in partnership with AA Rescue, and includes a robust reward programme, where customers can access discounts from spas, wellness programmes, and more.
Dr. Odiri Oginni, Managing Director, United Capital Asset Management, added that the collaboration reflects a shared commitment to women’s empowerment. “Empowerment is at the core of what we do, and co-creating on an initiative that directly addresses the financial realities facing Nigerian women further emphasises this. We recognise that financial independence and personal wellness are deeply interconnected, and by creating opportunities that bring both together, we are reinforcing our commitment to empowering women to confidently pursue and achieve their dreams. This vision informed the creation of our Wealth for Women Fund, which provides women with a secure and accessible avenue to invest smartly and build long-term financial security.”
The Yoga and Money Meet Up reflects a joint vision to empower Nigerian women through financial education and protection.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.
United Capital Plc is a leading Pan-African financial and investment services group providing bespoke, value-added solutions to governments, corporations, and individuals across Africa. With operations in Nigeria, Ghana, and Côte d’Ivoire, and a growing pan-African footprint, the Group leverages technology, specialist expertise, and retail-led platforms such as InvestNow to deliver cutting-edge financial solutions. United Capital has been recognised by the Financial Times as one of Africa’s fastest-growing companies for three consecutive years.

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