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Mutual Benefits Assurance PLC.

RC 269837

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09054644444, 09054744444

Aret Adams House,
233 Ikorodu Road, Ilupeju - Lagos

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Board of Directors

Dr Akin A. Ogunbiyi

B.Sc, MBA, FCII, F.IoD
Chairman

An Economist, Consultant and Insurance Professional, Dr. Ogunbiyi is a graduate of Agricultural Economics from the University of Ife. He is also an alumnus of the famous International Graduate School of Management, University of Navarra (IESE) Barcelona, Spain where he took an Executive Masters in Business Administration. In addition, he is an alumnus of Lagos Business School and SAID Business School of University of Oxford where he attended the Oxford Advanced Management & Leadership Programme.

A fellow of the Chartered Insurance Institute, London, he did not only complete his Associateship examination in record time, Dr. Ogunbiyi has the rare honour of securing the highest number of distinctions in the professional examination in two sittings. He had his insurance training in NICON from where he moved to start the Finance and Insurance Experts Limited-a multi-disciplinary consultancy firm, as pioneer Associate DirectorAg. Chief Executive.

Dr. Ogunbiyi serves on the board of The Infrastructure Bank Plc and other companies.

Mr. Femi Asenuga

B.Sc, M.Sc, ACII
Managing Director/CEO

Olufemi Asenuga holds a Master of Science Degree in Business Administration and a bachelor's degree in Insurance from the University of Lagos. He is an Associate of the Chartered Insurance Institute, Nigeria. Femi was the best graduating student in the finals of the B.Sc. Honours Insurance Examination. He won the Femi Johnson & Co. prize as well as the Unity Life & Fire Insurance Company award for being the best overall graduating student in the department of Insurance for 1989/1990 session.

Mr. Asenuga started his insurance career with Metropolitan Trust Insurance Company in 1993. He joined Custodian and Allied Insurance in 1995 as a pioneer staff and Assistant Manager in the Technical Department. He joined Mutual Benefits Assurance Plc in 1997 as a Deputy Manager in the Technical Department.

He rose through the ranks and was seconded to the Life subsidiary in 2007 as the pioneer Managing Director a position he held until his appointment as Managing Director of the Company in December 2019.

MR. JOSEPH OLADOKUN

MBA, B.SC, AIIN, ANIMN
EXECUTIVE DIRECTOR, TECHNICAL

Joseph Oladokun holds a bachelor’s degree (Honours) in Geography from University of Ibadan where he graduated top of his class to clinch the Departmental Award of his set. He has a master’s degree in Business Administration (Marketing) from Ladoke Akintola University of Technology, Ogbomoso. Joseph is an Associate of the Chartered Insurance Institute of Nigeria (CIIN) and the National Institute of Marketing of Nigeria (NIMN). He is also a Fellow, Institute of Management Consultants.

Before joining Mutual Benefits Assurance Plc in 2014, Joseph was Head of Technical for about five years at Fin Insurance Company Limited.

Mr. Biyi Ashiru-Mobolaji

HND INS. MBA, ACII
Director

Ashiru-Mobolaji is an Insurance graduate of Ibadan Polytechnic with an MBA from Lagos State University. He is an Associate Member of the Chartered Insurance Institute of Nigeria as well as an Alumnus of the Lagos Business School. Mr. Ashiru-Mobolaji started his Insurance career with a stint at Femi Johnson Insurance Brokers at the Executive Support Service Department. Thereafter, he proceeded to Great Nigeria Insurance Company Ltd. He also worked at Databoard Nigeria Limited, a company that pioneered On-line Insurance Service in Nigeria.

An astute goal getter and a dynamic Insurance practitioner, Mr. Ashiru-Mobolaji joined Mutual Benefits Assurance Plc in 1998 and rose through the ranks. In 2007, he became Senior Manager, Micro Insurance, after a comprehensive training with International Cooperative and Mutual Insurance Federation (ICMIF) in Manchester, UK. In 2009, he was seconded to Cameroun as GM/CEO of the Cameroun subsidiary of MUTUAL; Assurances Generales du Cameroun.

On his return to Nigeria in 2012, Mr. Ashiru-Mobolaji became the Head, Technical Operations while in 2013, he became Deputy General Manager, Business Development. He was promoted to General Manager; Marketing and Distribution Directorate in 2016 before becoming the Executive Director, Operations in 2017.

Mr. Soye Olatunji

B.Eng, MBA, FCA
Director

Soye Olatunji is a Chartered Accountant with a bachelor's degree in Chemical Engineering and an MBA from University of Lagos. He has over 30 years of cumulative experience in audit and tax consultancy, accounting and general management.

He was General Manager, Best Oils Limited Ibadan, Oyo State and Finance Director, Vitamalt Plc, Agbara Industrial Estate, Ogun State. He joined Ventures & Trust Limited (V&T) as Managing Associate and Chief Financial Officer in 2003. He joined Mutual Benefits Group in 2007 as Executive Director Corporate Planning and Investment from where he left as Group Finance Director, to establish Mutual Exploration and Production Limited, in 2013. He is an alumnus of SAID Business School of University of Oxford where he attended the Oxford Advanced Management & Leadership Programme.

Mr. AKINBOYE TAIWO OYEWUMI

BSc, MBA
Director

Akinboye Oyewumi holds a bachelor’s degree in Business Administration from University of Maiduguri, Borno State, Nigeria and a Master’s in Business Administration from the Middlesex University, London, United Kingdom. Mr. Oyewumi has over 30 years’ experience that covers strategy, business development, financial planning, mentoring and developing business leaders gained in both the private and public sectors in the United Kingdom and Nigeria. He is a serial investor with business interests in United Kingdom, Ghana, and Nigeria. He is the Group Managing Director of Silverage Group which he founded in 1988. The company and her sister companies are involved in Finance & Investments, Health & Safety Solutions for the energy and manufacturing sectors, Oracle Gold Partner and HP Partner, Enterprise Planning and Business Intelligence Solutions.

In recognition of his business acumen and ability to attract investments, he was appointed as the pioneer CEO/Vice Chairman of the Board of Ondo State Development & Investment Promotion Agency (ONDIPA). During his tenure, he spearheaded the construction of a deep seaport in Ondo State. He revived the BEECEM - the Bitumen Exploration Agency of the state. He also turned around the Okitipupa Oil Palm PlC.

MR ABIDEMI SONOIKI

M.Sc, ACIB, FCIA
Director

Akinboye Oyewumi holds a bachelor’s degree in Business Administration from University of Maiduguri, Borno State, Nigeria and a Master’s in Business Administration from the Middlesex University, London, United Kingdom. Mr. Oyewumi has over 30 years’ experience that covers strategy, business development, financial planning, mentoring and developing business leaders gained in both the private and public sectors in the United Kingdom and Nigeria. He is a serial investor with business interests in United Kingdom, Ghana, and Nigeria. He is the Group Managing Director of Silverage Group which he founded in 1988. The company and her sister companies are involved in Finance & Investments, Health & Safety Solutions for the energy and manufacturing sectors, Oracle Gold Partner and HP Partner, Enterprise Planning and Business Intelligence Solutions.

In recognition of his business acumen and ability to attract investments, he was appointed as the pioneer CEO/Vice Chairman of the Board of Ondo State Development & Investment Promotion Agency (ONDIPA). During his tenure, he spearheaded the construction of a deep seaport in Ondo State. He revived the BEECEM - the Bitumen Exploration Agency of the state. He also turned around the Okitipupa Oil Palm PlC.

ALHAJI LATEEF AKANDE BAKARE

FCA, MIoD
Independent Non-Executive Director

Lateef Bakare is chartered accountant with over 45 years post qualification experience. He retired in 1991 as the Quality Assurance Partner at Deloitte. He’s Founder and Managing Partner at Lateef Bakare & Co and Adetona, Bakare & Co respectively, both firms of accountants and insolvency practitioners.

He has both private and public sector experiences having served in various capacities in professional practice and director of several private and public companies including First Bank of Nigeria Limited.

He joins the board as an Independent Non-Executive Director with rich experience in Financial Assurance, Auditing, Taxation, Business, and process re-engineering.

MRS. WUNMI ENIOLA-JEGEDE

BA, MBA
Non-Executive Director

Eniola-Jegede has a distinction in MBA from Keller Graduate School of Management Houston, a Certificate in Business Management, from Houston College, and a BA(Hons) in English.

She has over 20 years’ experience covering Business Development, Strategic Planning, Project Management, Business Strategy, and Organizational Development and Human Capital Management gained in both the public and private sectors in Nigeria and the USA.

She was previously HR Manager Latom Group Houston Texas, HR Consultant to Ondo State Board of Internal Revenue Service, HR Director Ondo State Development & investment Promotion Agency (ONDIPA), Mrs. Wunmi Eniola-Jegede is currently the Executive Director, Business Development, Strategic Planning & Human Resources of SIFAX Group.