Tag: IICC

  • IICC moves to create awareness in Asaba

    The Insurance Industry Consultative Council is set to intensify efforts in promoting insurance awareness in Nigeria with the training on compulsory insurances scheduled for February 6, 2019 at the Sweet Spirit Hotel and Resort, Mardezok, Asaba, Delta State.

    Participants for the programme have been drawn from government parastatals in Delta  State and the private sector.

    The training will afford them deep insight into liability/compulsory insurance, assessment and rating of Compulsory Insurances and Insurance Claims Administration.

    Insurance Industry Consultative Council Chairman, Mr. Eddie Efekoha, said the council has focused on promoting insurance growth and training is one of the platforms the IICC was leveraging.

    He said: “This training further serves to reiterate the commitment of the IICC to achieving  its’ laid down objectives and promote insurance awareness in Nigeria.

    “With insurance, you have the ultimate keys to live and work with freedom. A lot of Insurance products and offerings are not being patronised and enforced because of inadequate understanding of insurance laws. We are passing across invaluable knowledge to the participants at the seminar that will aid the dissemination of their duties,” he said.

  • IICC urges public education

    The Insurance Industry Consultative Council (IICC), an umbrella body of the various arms of the insurance industry, has called on the media to help create public education on insurance and financial issues.

    Its Chairman, Mrs. Funmi Babington-Ashaye, who spoke during the 2018 IICC Media Retreat for Insurance Correspondents at Grand Inn & Suites, Ijebu-Ode, Ogun State, urged the media to continue to enable  platform for measuring industry pulse and stability and or challenging situations.

    Mrs. Babington-Ashaye is also the President, Chartered Insurance Institute of Nigeria (CIIN)

    She said the IICC has been promoting the image and growth of the insurance industry, adding that it has also been acting as an industry voice for national matters and served as a platform for intra-industry conflict resolution.

    She said: “It is pleasing to note the significance of the importance of the media, especially in its position as a veritable source of public education on insurance and financial issues, and the platform for measuring industry pulse and stability and/or challenging situations. It also gauges public opinion about our industry.

    “A better understanding of insurance operations by the media cannot be over emphasised. As we all know, insurance is highly technical and its reporting can only be accurate if the media continue to partner the industry through mutual education, trust and commitment. The IICC was formed with the aim of raising the profile of the industry as well as increase its relevance to the nation’s economic growth. Concerted efforts have been put in place towards the attainment of its objectives,”she noted.

  • IICC seeks media intervention

    The Insurance Industry Consultative Council (IICC) is seeking the help of the media to gauge public opinion and boost insurance penetration.

    IICC President/Chairman, Lady Isioma Chukwuma, who made this known at a media retreat in Abeokuta, the Ogun State capital, said media aids national development.

    She said that insurers believed that the media is a veritable purveyor of public education on insurance and financial issues.

    According to her, the industry recognises the role of the media in projecting its ideals and has continually engaged the media in propagating same. I must appreciate the important role the press is playing in making sure that insurance forms part and parcel of our national consciousness.

    She said the media provides a platform for better insurance awareness and penetration.

    “The media has always been perceived as invaluable stakeholders in governance in all its ramifications. Therefore, your contributions to nation building cannot be over-emphasised. In particular, your roles as arbiters and the epitome of the nation’s conscience will continue to place you in the forefront of constructive criticism of all national discourse. Every media organisation should continuously brace up with the onerous challenges of achieving national development.

    “Nigeria’s transformation process as you are aware is evidenced by a flurry of activities across both public and private sector operations in the national economy. These include agriculture, transportation, power, petroleum and the financial services sector. All of these, to say the least, engender greater risk factors beyond what is presently conjectured by insurance practitioners,’’ she added.

  • 86.6m Nigerians have no insurance, says CIIN chief

    NO fewer than 86.6 million Nigerians have no insurance cover, while 1.3 million adults, representing 1.5 per cent of adults maintain one category of insurance cover or the other, the President, Chartered Insurance Institute of Nigeria (CIIN), Mr Bola Temowo, has said.

    He made this known at the institute’s yearly education seminar in Benin City.

    Speaking on the theme: Maximising channels of distribution for insurance penetration, he said there was  the need for improvement of the industry’s marketing machinery and action plan for actualising the Financial Inclusion Strategy (FIS) in service delivery.

    According to him, it is envisaged that the record of Nigeria’s insuring population would receive a boost and improve the industry’s profile in global ranking.

    He stressed that the government envisioned an industry that could turn its fortunes around to rank among the 20 largest markets in the world by 2020 from 60th in the world.

    He said: “The seminar theme, therefore, calls for the improvement of the industry’s marketing machinery and the need for an Industry action plan for actualising the Financial Inclusion Strategy (FIS) in the delivery of Insurance products and services to the critical mass, comprising the low income earners. It focuses on the maximisation of existing and emerging channels of distribution as key to achieving deeper Insurance penetration.

    “The significance of insurance in the life of Nigeria cannot be over emphasised. These trying times are fraught with several risk factors for both individuals and corporate bodies. As risk managers, it behooves us to increase the tempo of our campaigns for insurance awareness in order to get more Nigerians to embrace insurance with minimal compulsion.

    “The CIIN has continued to explore all platforms for the propagation of insurance education and promotion of general financial literacy. Our training and retraining programmes are being intensified, while creating new channels for capturing the younger generation and ensuring that they embrace insurance consciously as a course of study”.

    He stated that the campaign for insurance awareness has become the collective concern of the entire industry adding that the Insurance Industry Consultative Council (IICC), the body comprising all arms of the industry, has also taken positive steps towards sensitising Government agencies on the pivotal role of insurance in the country.

    The Council of our institute has also adopted measures geared at involving all stakeholders in the campaign. We have recently been appealing to insurance institutions to adopt a secondary or tertiary institution close to them and support such institutions with their employees as volunteer teachers who would take time off their official schedules to teach insurance courses in the Schools, he said.

    Managing Director Riskguard-Africa Nigeria Limited Yemi Soladoye urged the operators to evolve new channel contrary to the channels used to distribute insurance products.

    He told them to eliminate unnecessary overheads by collaborating with other sectors to maximise the enormous insurance benefits in the country.

  • Shooting Stars’ legend, Idowu Otubusin, speaks  At over 60, I train  three hours daily

    Shooting Stars’ legend, Idowu Otubusin, speaks At over 60, I train three hours daily

    It is not unusual to see Nigerian soccer living legend, Idowu Otubusin, hit the road every morning for his daily dose of work-out that terminates at the Lekan Salami Stadium, where he trains the feeder team of Ibadan club side, 3SC Sports Club, famously known as IICC Shooting Stars in the days of old.

    He would also be on his feet for as long as the session lasts, sometimes for three or more hours, wearing the younger boys down before calling it a day. It would, however, interest many to know that Otubusin, better known in the 70s and 80s when he ruled the Nigeria airwaves (much thanks to the late football commentator, Ernest Okonkwo) as ‘Slow poison’ is well over 60 years of age.

    Speaking with Otubusin at the Lekan Salami Stadium, IICC slaughter house, the same arena where ‘Slow Poison’ charmed soccer fans with his strong calculative defensive style, supported by IICC skipper, the late Sam Ojebode, he said he has not given hope of making name in coaching like he had done as a player.

    He insisted that he did not feel like a man in advanced age like his birth certificate reads. “l don’t feel 60 plus at all. I can still stay on my feet doing what l do best, kicking the round leather for hours every day. My boys will tell you that l don’t tire easily.”

    He explained further that he derives pleasure in inculcating his ideas on the younger ones. “When we were playing football, we were focused. Discipline was important to us and that is one of the reasons why l am still waxing stronger. I gave myself to football and nothing else, and it has become my life. Football is more than a passion to me,” Otubunsi added.

    Otubunsi nostalgically looks back at the camaraderie that existed among his teammates both at club level and national team. “We are like brothers-in-arm. Our skipper, Sam Ojebode, Segun Odegbami, was with us. Niyi Akande, Sam Ashante, Philip Boamah, Nathaniel Adewole, Sam Saka, Zion Ogunfeyimi, Yomi Bamiro, Kafaru Alabi, Moses Otolorin, and Mudashiru Lawal were also part of the team then. Though we were not of the same age we all trained and played like one.

    “Even in the Green Eagles, we operated like one body. Chairman Christian Chukwu and other players from Rangers would come and we would become one but when we got back to our respective clubs, the rivalry could start.”

    Among the coaches he worked with as a player, he noted that the late Joseph Ladipo (aka Jossy Lad) made life-changing impact in his career. “When we lost Jossy Lad, l would say if felt the impact most because l have very fond memories of him. He was like a father to every member of the squad then, he was there for us every time. He understood us better than our parents. He was a true legend who loved to see people around him progress; success was always his watch word. He was not the type that underrated any human no matter your status; he appreciated what you can offer.”

    Though Otubusin has made his home in Ibadan, where he played for the IICC since 1974 until he hung his boots, soccer life did not start for him in the ancient city. He revealed that he was born and bred in Lagos and his career took off from there before a staunch supporter of the IICC lured him to Ibadan.

    “l was not born in Ibadan, neither did my career start here like many would have believed. I came to Ibadan because of IICC but it is my home now and many of us have settled down here because of the love we found here. Soccer fans here know how to celebrate us, they show love to us and that is why many old players have built their homes here. It is a pleasant place to live. I grew up in Ebute Meta in the urban part of Lagos. At that time, football was encouraged, even though you parents would always warn you to take your studies more serious. But footballers were celebrated. At a point, my parents moved to Shomolu area and it was there that l joined Olaleye Football Club; a youth club that helped me a lot. Later, l moved to Muri International FC and we would go to all parts of Lagos to play other clubs. We used to train at Igbobi Orthopedic Hospital football pitch and when we were playing, even big coaches would come to see us and that was where I was spotted by the coach of Niger Pool, a bigger club by all reckoning that time.”

    Continuing, the Green Eagles defender informed that Niger Pool FC exposed him to big matches and scouts. “I was enjoying my game at Niger Pool and getting some money to maintain myself too. After each match, coaches would call me and tell me about bigger clubs l could play for, but l was still young and did not immediately see football as a big money venture. But there was pressure from the two biggest clubs in Lagos then; Stationery Stores and ACB, and it was while l was contemplating joining one that l was approached by a strong IICC supporter, one Mr. Adeosun, who said he would like me to play for the IICC. Even in Lagos the IICC was known to be organised and well-financed. One day, he just took me to Chief Lekan Salami and gave me an offer l could not refuse and that was how l decided to move to Ibadan to join up with them. This was in 1974. ”

    So impressed was ‘Slow Poison’ at IICC that he never left. “When l got to Ibadan, l met other players from Lagos and we all became friends. We were treated like kings. IICC made provision for everything we needed. We had free accommodation; facility in the place was second to none. And all our needs were provided for. There were no sign-on fees at the time and our salary was determined by the civil service salary scale structure; but the money was good, so nobody was complaining. Match bonus was paid promptly and it was reviewed regularly. We would move to camp three days before a league match and spend weeks outside the country during preparation for CAF competitions, especially during the Winners Cup that we won in 1976. The club pays one of the highest incomes by clubs as at that time and I never lacked. In those days, players in the team were friends. We moved together, visited one another, shared love and even pains. Nobody thought of leaving the club. On the pitch, we played for ourselves. I played in the defence but when I moved forward, a striker could move back to cover for me. We were like a big family, unlike today when players fight themselves in clubs. Our captain was Sam Ojebode and he was such a wonderful leader.”

    At IICC, players dined with the high and mighty and it was not unusual for them to get gifts from rich supporters of the club. “We were not jealous of each other. I remember when l bought my Peugeot 504 in 1976, everybody was happy for me and it was not long that others bought theirs. We were all doing well with no thought of travelling abroad to play football. At least, we could afford what we needed. When someone did something great, the rest of the team would emulate him. Going abroad was the last thing on our minds because we were enjoying the best of everything at home.”

    Footballers are known to have women flock around them because of their fame, but Otubunsi said they were disciplined. “We did not indulge in frivolous things. Women would come and we do have girlfriends but football was the first thing on our minds. Maybe that is why l am still fit today. We trained, played and slept to get back our full strength. Football was all we knew.”

    Otubusin also cleared the air on his nickname, ‘Slow Poison’, which many soccer fans and writers felt was given him by the late soccer commentator, Okonkwo. “Contrary to what people think, the nick-name – slow poison – was not given to me at Green Eagles by Ernest Okonkwo but by teammates at Shomolu, when l was playing on the streets of Lagos. I was a striker then, my teammates and coach said I played slowly but once I reached the opponents area, I delivered a lethal strike. So they started calling me ‘Slow Poison’ and whenever we were playing they would call me by that name and fans would pick it up. And that was the same reason l was converted to a defender by Coach Anthony Obi of the Lagos State Sports Council at Niger Pool. He said my height and calmness on the ball were features he would like his defenders to possess. By the time l got to the IICC and the national team, the name had stuck on me.”

    In appreciation of his immediate environment and the people of Ibadan, the Ogun State indigene said he has set up a football academy aimed at nurturing future stars. “ I have set up a football academy by the name Unique Football Academy and l hope that l will be able to give back to this society that has become my home since 1974 when l relocated form Lagos,” Otubusin added.