The National Insurance Commission (NAICOM) has sacked the managing director of Goldlink Insurance Place, Mrs Funke Moore effective from January 18, and reconstituted the board of the insurance firm.
The commission also approved the appointed of Kenneth Egbaran and the new chief executive officer of Goldlinks to replaced Moore who until her removal was the acting chief executive of the insurance firm.
The industry regulatory also appointed Nahim Ibraheem as the c
In 2012, the insurance regulator had taken over the management of Goldlink and appointed an interim management board for the company in furtherance of its regulatory oversight function.
Other members of the new board are; Adeyinka Olutungase, Olarenwaju Suliamon, Tonbofa Eva and Farouk Yola.
The commission also last year approved a recapitalisation scheme for the insurance company in a bid to restructure the company and return it to profitability. The company is yet to take any step in the capital raise process.
This would be the umpteenth time the commission would remove the chief executive of the insurance firm and replace with new ones.
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