The National Insurance Commission (NAICOM) has approved an updated organizational structure to enhance its ability to meet its strategic goals and objectives.

According to an official statement issued by NAICOM the restructuring introduces eight new directorates, each tailored to address specific areas crucial to the Commission’s mandate.

The new structure also includes the promotion of five senior management staff to the rank of Director.

Rasaq Salami, previously the Head of Corporate Communications and Market Development, will lead the Human Resources and Administration Directorate.

Ajibola Bankole will head the Inspectorate Department, Ahmad Ibrahim Adam will be Director of Innovation and Regulation, Dr. Talmiz Usman will oversee the Legal, Enforcement and Market Development Directorate, and Kamaludeen Barde will take charge as Director of Finance and Accounts.