Obasanjo underscores need for insurance, becomes NCRIB Fellow, Brand Ambassador
President of The Nigerian Council of Registered Insurance Brokers (NCRIB), Dr (Mrs) Bola Onigbogi presenting the Fellowship award plaque to Chief Olusegun Obasanjo at his residence in Abeokuta during a courtesy visit by delegation of the Council.With them are: the NCRIB Vice President, Mr Tunde Oguntade (1st left); Deputy President, Barr. Rotimi Edu (3rd left) and Past President, Prince Feyisayo Soyewo (4th left).
Former President, Chief Olusegun Obasanjo has underscored the impelling need for all to factor insurance into their personal and corporate decisions in view of its pivotal benefits to human and business survival.
Chief Obasanjo stated this when the delegation of the Nigerian Council of Registered Insurance Brokers (NCRIB), led by its President, Dr. (Mrs) Bola Onigbogi visited him in his residence in Abeokuta.
Chief Obasanjo opined that “insurance is like a nation’s army whose roles are most appreciated during the period of war or unforeseen circumstances threatening lives and property.
Said he: “Its quite regretful that many take insurance with levity or even refuse to factor it into their lives or businesses until the unexpected happens and there is no where they could get succor from.”
He averred that most of the insurance laws and policies he assented to during his tenure as President were based on his understanding and belief in insurance as a safety valve for the individuals, businesses and national economy.
Responding to the conferment of the Honourary Fellowship and Brand Ambassador awards on him, Chief Obasanjo commended Insurance Brokers for their roles in the insurance value chain and promised to deploy his personality to project the brand of Brokers as well as the crucial roles they perform for their clients.
Speaking earlier, the Council’s President, Dr. (Mrs) Bola Onigbogi applauded Chief Obasanjo for signing the NCRIB Act No. 21 of 2003 during his tenure as President, noting that the law was a watershed in the annals of the Council and the operators both professionally and ethically.
She averred that it was in recognition of this critical support that the Governing Board of the Council has approved the conferment of the coveted Fellowship and Brand Ambassador awards of the Council on him.
Dr. Onigbogi utilized the opportunity of the visit to seek the past President’s support for the inclusion of insurance operators in the operations of the Nigeria Social Insurance Trust Fund (NSITF), for more effectiveness and value to the target populace.
