African Alliance Appoints Olabisi Adekola as acting MD following Funmilayo Omo’s Resignation

Earlier today, African Alliance Insurance Plc announced the appointment of Mrs Olabisi Adekola as its new acting Managing Director/Chief Executive Officer.

Adekola’s appointment follows the resignation of Mrs Funmilayo Omo, who left the company at the end of August to explore other opportunities.

In a statement made available by African Alliance, Mrs Funmilayo Omo was described as ‘a visionary with a penchant for excellence’. She played a major role towards re-branding the insurance firm and positioning it as a major player in the Nigerian insurance sector.

“A true visionary with a penchant for excellence and the understanding that the success of an organization depends largely upon the quality and dedication of its workforce. She was thoroughly invested in the professional and personal development of her team and exhibited a stellar work ethic that positively impacted the Company.

“On behalf of the Board, Management and Shareholders of the Company, we wish to thank her for her dedication, commitment and sheer tenacity in driving the Company towards the achievement of its goals and objectives,” part of the statement said.

Although she became the company’s CEO three years ago (March 2017), Mrs Omo previously held countless other positions, including that of Executive Director in charge of operations. As a matter of fact, her three-decades-long professional career has been with African Alliance Plc. She joined the company in 1991 as an Assistant Superintendent and rose through the ranks to become the company’s first female CEO.

About the new MD/CEO

Mrs Adekola is a financial analyst with more than twenty-five years worth of experience  in financial management, internal audit, and accounting. She joined African Alliance in 1997 as an Assistant Superintendent, following a stint at Nigerian Hoechst. She will now function as the company’s acting MD until a substantive MD/CEO is appointed.