With privatisation, a major strength of NIC is the pre-eminent quality of its Board of Directors. The Board comprises distinguished and respected Nigerians and Ugandans who have made their mark in their professions and businesses.
MR. REMI OLOWUDE Chairman
Mr. Olowude, an Economist, Chartered Insurer and International investor, is the chairman of the Board. Mr. Olowude who has a rich inter-disciplinary background is the Vice Chairman of Industrial And General Insurance Company Limited (IGI).
A self-motivated achiever, Mr. Olowude holds a Master Degree in Economics and has completed the coursework for the award of a Doctorate Degree from the University of Santa Clara, California, USA. He has deployed his international business expertise, professionalism and vision to build a conglomerate with interests in various business sectors spanning financial services, telecommunications, oil and gas, mortgage banking and aviation.
Dr. SAMSON AKINWALE Managing Director
Dr. Samson Akinwale holds a Doctorate Degree in Finance and a Masters Degree in Research and Management from Manchester Metropolitan University -UK and an MBA in Financial Management from The Federal University of Technology Akure - Nigeria.
He is a Fellow of the Chartered Institute of London (F.C.I.I), Associate of the Insurance Institute of Nigeria (A.C.I.I.N) and Associate of the Nigerian Institute of Management (AMNIM).
Dr. Akinwale is currently the Managing Director National Insurance Corporation in Uganda. A Chartered Insurer and Finance expert, Dr. Akinwale has served under various capacities ranging from Consultancy, Teaching and Advisory roles for a number of businesses and insurance related corporations and institutions. He served as a Council Member of the Chartered Insurance Institute of Nigeria, Member of the Technical Committee of Nigerian Insurers Association, Ondo State Chairman Chartered Insurance Institute of Nigeria, Lecturer Chartered Insurance Institute of London (Akure Center), Member Ondo State Committee on the implementation of Medical Health Insurance Scheme and Member Faculty Research Degree Development Committee –Manchester Metropolitan University. He has served on the Board of several companies including the Governing Council of a tertiary institution in Nigeria.
He brings to National Insurance Corporation a rich experience in Insurance, Business and Financial Management.
DR MARTIN ALIKER Director
Dr Aliker is an influential and highly respected Ugandan. He has acquired the experience of corporate business management from his Chairmanship and Directorship of other leading companies in Uganda and abroad and his public service activities.
Dr. Aliker who is a Presidential Advisor and Chancellor, Gulu University holds a Doctorate of Dental Surgery from Northwestern University USA and obtained a Licentiate in Dental Surgery from the Royal College of Surgeons, (RCS), England.
MR. ROTIMI FASHOLA Director
Mr. Fashola is Chartered Insurance practitioner of over 22 years cognate and distinguished carrier in insurance management and practices. He is an alumnus of the prestigious Obafemi Awolowo University Nigeria and Associate of the Chartered Insurance Institute of London, Associate of Chartered Institute of Arbitration, London.
Mr. Fashola holds with distinction the Diploma of West African College of Insurance and Risk Management and is a presently Executive Director, Industrial And General Insurance Company Limited of Nigeria, the parent company of NIC. An insurance scholar and teacher, he is a member of the Academic Board of the West African Insurance Institute of the Gambia (WAII).
MR PATRICK BITATURE Director
Mr. Bitature an Associate member of the Chartered Institute of Secretaries - ACIS, UK., is a distinguished and reputable investor in the Ugandan economy.
Recently appointed as the Board Chairman of Uganda Investment Authority (UIA), Mr. Bitature has made enormous contributions to the development of the private sector and promoting the Uganda brand to the world. He is the Chairman of the Gifted By Nature Project, Chairman, Simba Group, Chairman CMF Micro finance Limited and Director, New Vision Publication and Printing Limited.
MR. MICHAEL OPAGI Director
Mr. Michael Opagi is the Director, Privatisation Unit - the pivot of the Government of Uganda’s privatisation programme. He holds a Bachelors of Statistics degree from Makerere University in 1986 and subsequently acquired a post graduate diploma (first class) from the Institute of computer Science. He later pursued his IT career bias in computer networking and was the first Novell Certified Network Engineer in Uganda. He later obtained a degree in Business Administration from the University of Wolverhampton in the UK.
He has been instrumental in supporting the development of the Capital Markets in Uganda. In 1988, he spearheaded the preparation and eventual listing of the first equity product in the market. He has also been directly involved in supporting the development and implementation of the private sector-led growth policy adopted by the Government of Uganda. Under his leadership, the Privatisation Unit received the Gold Award for 2006 from the World Bank local office.
Mr. Opagi is the Chairman of the Uganda Securities Exchange and also a director in a number of companies in the various sectors / operations; public utilities, Manufacturing, construction, financial, printing and publication.
MR. MICHAEL TUKEI Director
Mr. Tukei who is Assistant Commissioner in the Ministry of Finance Planning and Economic Development, Uganda is an Economist who obtained a Masters Degree in Development Economics from the Williams College in Massachusetts in the USA in June 1997. He also earlier obtained a Post Graduate degree in Monetary Economics from University of Glasgow in Scotland, UK.
He worked as a Financial Analyst at the New York Branch of Sanwa Bank Limited where he had responsibility for Compliance, Risk Management, Industrial Research and Merchant Banking.
Mr. Tukei was the desk officer of the World Bank funded Financial Sector reform Programme (1993 – 1999), he was responsible for the establishment of the Ugandan Anti Money Laundering Committee and also served as a Director of the Capital Markets Authority (CMA) (1996 – 2002).
MR. CHARLES TUKACUNGURWA
Director
Mr. Tukacungurwa who holds a Bachelors degree in Botany and Zoology and later on a Masters degree from Aberdeen, Scotland in Plant breeding and genetics has over 30 years of vast experience in various fields of agricultural research, agricultural policy analysis and natural resources.
He worked in various capacities in the then Agricultural Secretariat which later became Agricultural Policy Secretariat under the Ministry of Finance, Planning and Economic Development. The Secretariat implemented major World Bank funded projects.
Mr. Tukacungurwa currently works as a private Consultant after retiring from the public sector.
MR. MICHAEL KAGGWA Director
Mr. Kaggwa is an Associate of the Chartered Insurance Institute of London (ACII) and a Fellow of the Insurance Institute of Uganda (FIIU).
A chartered practitioner of over 35 years cognate experience in both the Public and Private insurance management in Uganda, he founded the Uganda Insurance Brokers Association (UIBA) which body he chaired twice between 1971 and 1991. He was also twice the President of the Insurance Institute of Uganda (IIU). He worked in Hogg Robinson Uganda Limited (now AON Uganda Limited) where he rose to become the first indigenous Managing Director.
He is presently an Insurance and Risk management Consultant
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