As Fola Daniel Exits NAICOM Stakeholders Praise His Tenure

Mr Fola Daniel
Former NAICOM Boss
Stakeholders in the Nigeria Insurance sector are closely monitoring the turn of events as the tenure of the present commissioner for insurance, Fola Daniel, an amiable manager of insurance activities who rescued the industry from going extinct, comes to an end.
Though no one is very sure who succeeds him, another seasoned insurance expert in the National Insurance Commission (NAICOM), Mohammed Kari, appear to be a likely successor.
Beyond the praises from operators about the achievement of the industry under Daniel, his style of dealing with critical issues and application of wisdom and flexibility rather than discrediting, endeared him to the operators.

This is why the Nigerian Council of Registered Insurance Brokers (NCRIB) said that the Nigerian insurance industry was blessed to have had Daniel as the commissioner for insurance. During his tenure, it is undeniable that the industry witnessed substantial growth and rallied greater public attention towards its growth and development. Among other feats, Daniel was able to initiate and maintain amity in the industry through constructive engagement of major industry stakeholders on issues that are germane to the industry’s collective development. Most importantly is the open and more collaborative communication between the NAICOM and NCRIB.
The president of the NCRIB, Ayodapo Shoderu, while reacting to the exit of the commissioner, said, “We are all aware of the adversarial spirit that had characterised the relationship between the NAICOM and NCRIB prior to Mr Fola Daniel’s ascension of office. But through his adroit conflicts management skill, he ensured that no litigation was engaged in by the NAICOM with any of the constituent bodies in the industry.
It was not as if differences did not arise, but when they do, the commissioner ensured that dialogue and mutual understanding prevailed. He was a great listener and superb conflict manager.”
Source: Leadership