AIICO declares N4.4bn dividend, appouints non-executive directors

By Rosemary Iwunze

Shareholders of AIICO Insurance Plc has given the company approval to pay dividend of 12 kobo per share, amounting to N4.4 billion.

At the company’s annual general meeting in Lagos, the company also appointed  three professionals to the Board as Non-Executive Directors: which are Tunde Mabawonku, as a Non-Executive Director, bringing over two decades of experience across banking, finance, strategy, and corporate services, with a strong background in digital and retail financial services; Rolake Akinkugbe-Filani, also appointed as a Non-Executive Director, contributes deep expertise in capital markets, energy finance, and risk governance, with extensive experience operating across multi-jurisdictional environments, as well as Sadiq Mohammed joins as an Independent Non-Executive Director, with over three decades of leadership across asset management, pensions, infrastructure, and investment advisory, as well as significant boardroom experience.

In addition, Mr. Olalekan Akinyanmi was announced as the new Chairman of the Board, succeeding Mr. Kundan Sainani.

Commenting, the MD/CEO, Mr. Babatunde Fajemirokun, stated: “We are grateful to our shareholders and investors for their continued confidence and support. Their trust remains a strong validation of our strategic direction and the progress we are making as a business”.

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