AIICO Insurance Plc has announced the appointment of three new directors to its board, following regulatory no-objection approvals aimed at strengthening the company’s governance, financial expertise, and strategic oversight.
The appointments were disclosed in a corporate notice dated May 25, 2026, signed by the Company Secretary, Donald Kanu.
The new appointees are Mr. Sadiq Mohammed, who joins as an Independent Non-Executive Director, alongside Mr. Tunde Mabawonku and Mrs. Rolake Akinkugbe-Filani, who both join as Non-Executive Directors.
AIICO described Mohammed as an accomplished business leader and board-level executive with more than 33 years of experience spanning financial markets, pensions, infrastructure, real estate, and fintech investments.
He is the Founder and Chief Executive Officer of Hexium Investments and previously spent 28 years at ARM Group, where he served in several senior leadership positions, including Deputy Group CEO and Managing Director/CEO of ARM Pension Managers.
Throughout his career, he has played key roles in major infrastructure and real estate projects, such as the Lekki Concession Company, Lakowe Lakes Golf & Country Estate, and Beechwood Estate.
He also currently serves on the boards of several companies, including Meta Digital Services Nigeria Limited and DCSL Corporate Services Limited.
Mabawonku brings more than 25 years of banking experience covering digital banking, finance, strategy, risk management, and customer experience.
He currently serves as the Executive Director in charge of Finance, Retail, and Digital Business at Wema Bank Plc, having previously worked at Chartered Bank, Prudent Bank, and Skye Bank (now Polaris Bank).
Additionally, he is a Fellow of the Chartered Institute of Taxation of Nigeria, an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, and a Fellow of the Institute of Chartered Accountants of Nigeria.
Akinkugbe-Filani is a highly versatile board-level leader with close to two decades of extensive boardroom and financial advisory experience across financial services, energy, capital markets, and development finance.
She has advised on transactions and capital raises exceeding $10 billion across the energy, infrastructure, and financial services sectors.
Currently the founding Managing Director and Chief Executive Officer of EnergyInc Advisors, Akinkugbe-Filani previously held senior roles at Zenith Bank Plc, Ecobank Group, FBNQuest Merchant Bank, and Mixta Africa.
AIICO noted that she brings a rare combination of strategic insight, financial acumen, sectoral depth, and cross-continental operating experience to the boardroom.
