Our most valuable asset remains our highly trained, qualified, and well-motivated staff. Our Operational Management Team evolved over time through hands-on job experience and world-class management training, creating a healthy environment where innovation thrives.
Chief Ogunshola holds a B.Sc. (Honours) degree in Mathematics from the University of Ibadan (1967) and became a Fellow of the Institute of Actuaries, United Kingdom in 1973, the first black African to become a Fellow of the Institute. He was the representative of the Institute of Actuaries of the United Kingdom in Nigeria from 1973 to 1996 and a member of the International Association of Actuaries.
Chief Ogunshola began his career as a trainee Actuary with Eaglestar Insurance Company, London in 1967. He joined the National Insurance Corporation of Nigeria in 1972 as the first head of Life Division from where he joined Niger Insurance Company Limited (now Niger Insurance Plc) as Chief Executive, later Managing Director from 1974 to 1985, the first Nigerian to hold the position. He was Chairman and Managing Consultant of Ajibola Ogunshola & Company (Actuaries & Employee Benefit Consultants) from 1986 to 2004 and Chairman of Alexander Forbes Consulting Actuaries (Nigeria) Limited from 2005 to March 2015.
Over the years, Chief Ogunshola has contributed to the development of many organizations. He was foundation President of the Nigeria Actuarial Society, 1982; Chairman of the Committee of Actuaries that gave actuarial advice to the United Nations Staff Pension Fund from 1987 to 2006; Chairman of the Board of Directors, The Punch Nigeria Ltd, 1987 - 2011; President of the Association of Pension Fund and Investment Managers (now Association of Pension Fund Managers), 2001 - 2003, a fellow of the Association in 2009 and received a lifetime achievement award in the same year; member, National Political Reform Conference, 2005; President, Newspapers Proprietors’ Association of Nigeria from 2007 to April 2011; member of the South-West delegation to the 2014 National Conference.
Chief Ogunshola also served the Government and other Institutions in several capacities.
Chief Ogunshola has to his credits several honours, prices and awards which include, amongst several others, Doctor of Science in Management (Honoris Causa) from Olabisi Onabanjo University; special media award for Commendable Management of a Media Organization by the Trustees of the Nigerian Media Merit Award; award for excellence by the Central Council of Ibadan Indigenes, 2001; Ba’rohin Ibadan Chieftaincy title from the Olubadan-in-Council, 2009 and NUJ (Oyo State) award for contribution to the growth of Journalism, 1991.
Dr Femi Oyetunji holds a PhD in Statistics from the University of Manchester Institute of Science & Technology in the United Kingdom (1980), an M.Sc. in Statistics from Imperial College in London (1977) and a B.Sc. First Class Honours degree in Statistics and Operational Research from the University of Manchester Institute of Science & Technology (1976). He is a Fellow of the Institute of Actuaries in the UK and has attended several management development programmes locally and overseas.
Mr Lawrence Nazare holds a post-graduate Law degree from the University of Zimbabwe and is an admitted Legal Practitioner. An Associate In Reinsurance (Are) of the American Insurance Institute, he has vast experience in the insurance industry gained over a period of 24 years with roles that include being a Manager in the Underwriting Division in ZimRe, Managing Director at Intermarket Reinsurance, a Hannover Re joint venture company, Managing Director at Tristar, and Managing Director at ZB Reinsurance all in Zimbabwe.
He is a prominent figure of the African insurance industry having held several posts including Chairman of the Organization of Eastern and Southern African Insurers, OESAI, Chairman and Director of Credit Insurance Zimbabwe Limited, Credsure, Chairman of The Insurance Council of Zimbabwe, ICZ, Chairman of the Zimbabwe Association of Reinsurance Offices, ZARO, vice-President of the Insurance Employers Association of Zimbabwe, and also 1st Vice President of the Insurance institute of Zimbabwe, IIZ.
Mr David Sobanjo holds a BSc (Hons) in Actuarial Science (1981) and an MSc in Business Administration (1995) from the University of Lagos. He also received an MBA (Marketing, 1999) from Enugu State University of Science and Technology. He holds the following professional qualifications: ACII (General) London 1984, FCII (Life) London (1988) and FCII (Nigeria) 1992.
He was the Group Managing Director and Chief Executive Officer of AIICO insurance Plc before his retirement in September 2013 and continues to serve the company as non-executive director. He joined the board of Continental Re as Non-executive director in February 2006.
Mr Foluso Laguda is an experienced Strategy Consultant with over 15 years of leadership in advisory, information and research businesses. He has worked with several global corporations across Consumer Packaged Goods, Technology Media and Telecoms, and Financial Services sectors - on the development and implementation of business growth and innovation programmes. He serves on the board of several companies including SALAG Limited.
Foluso Laguda is a member of the Institute of Directors (MIoD) in both Nigeria and the UK. He holds an MBA from Imperial College, London, UK with specialization in Entrepreneurship and Corporate Finance; Bachelor of Engineering Honours Degree in Mechanical Engineering from UMIST, Manchester, UK. He joined the Board on September 18, 2013.
Mr Farhat is currently the Managing Director of Saham Finances. He is a Chartered Accountant and he holds a Degree in Economics from the University of Social Sciences – Toulouse 1 (1979). His experience in Finance spanned over 30 years. He started his professional career in 1979 with Ernst & Young as a chartered accountant from where he joined Group Libano-Suisse d’Assurances, Ivory Coast, a Lebanese-Swiss Insurance Company, as Internal Auditor in 1981 and rose to become a Director in 1986. He joined the COLINA Group in 1989 and became General Manager of COLINA SA, Ivory Coast. He re-structured the company in 2005 by creating COLINA Participations SA, Ivory Coast and continued as its Managing Director. He was also a Director of COLINA Corporate SAS - Morocco.
Ms Bennani graduated from the Graduate School of Management of Rouen, France. She began her career in 2000 with Arthur Andersen/Ernst & Young Casablanca where she rose to senior Manager Transaction Advisory and Business Advisory.
She joined Saham Finances (Insurance Division) in 2011 and is currently Director, mergers and acquisitions. Her technical competencies include advisory on mergers and acquisitions for local, international firms and equity funds; advisory for major operators in Risk Management and Performance Improvement; project management and change management. She became a non-executive Director of Continental Reinsurance representing C-Re Holding on September 11, 2015
Mr. Paul Kokoricha
A Partner of African Capital Alliance. He holds a degree in Economics in 1982 from the University of Nigeria, Nsukka. He is a fellow of the Institute of Chartered Accountants of Nigeria.
Kokoricha worked for ten years in Arthur Andersen & Co. Prior to joining African Capital Alliance, he worked for Liberty Bank plc for eight years as Group Head of Operations with responsibility for trade finance products and customer service.
He joined African Capital Alliance in 2002 as the Chief Financial Officer before making a transition to fund manager role in 2004. He is currently the Managing Principal of Capital Alliance Private Equity I [CAPE I] and Capital Alliance Private Equity II [CAPE II] - a US$ 35 million and US$ 100 million private equity funds respectively. CAPE I and CAPE II have a number of international and Nigeria based investors, including leading international development finance institutions.
In his role as Fund Manager, he champions all aspects of private equity investment management, including fundraising, deal origination, due diligence, deal structuring, investment and management of exits.
He is a director of a number of companies, including Johnnic Communications West Africa Limited, Compact Disc Technologies Nigeria Limited, Swift Networks Limited, Cornerstone Insurance Plc, Resourcery Limited, Accat, and Nu Metro Retail Nigeria Limited.
Mr. Steve Olisa Iwenjora has over 16 years cognate experience in the financial services sector, spanning banking, private equity and investment management with local and international organisations. Steve is presently the Managing Director of CAN Fund Manager Limited, a Company under African Capital Alliance (ACA). He worked with Citi Bank and Continental Trust Bank before joining ACA in 2004. He is a Fellow of the Chartered Accountants of Nigeria and holds a Bachelors Degree in Accounting (2nd Class Upper Division) from the University of Lagos
Mr. Ian Alvan Tofield is an Associate of the Chartered Insurance Institute and has over 60 years practical experience in all aspects of insurance and reinsurance business, administrative, technical, and marketing predominantly in and for the African continent.
He began his insurance career in 1955 with Legal & General Assurance Society. In 1961, he was seconded to the Gresham Life and Gresham Fire & Accident Assurance Societies in Accra, Ghana and in 1970 to Guinea Insurance Company, Nigeria serving first in Kaduna as Northern Area Manager and then as deputy CEO in Lagos. He joined Munich Reinsurance Company (Munich Re) in 1977 and had the initial task of creating the West African bureau in Abidjan, Cote D'ivoire which he managed for six years developing and managing accounts in 24 Countries in the region. He was recalled to the Head Office in Munich in 1983 and continued to administer the West African region and progressively widened his field of responsibility to include the Maghreb, East, Central and Southern Africa. In 1995, he transferred the entire management of sub-Saharan African portfolio to Munich Re's office in Johannesburg from where he retired in 2002.
Mr. Tofield has served on the Boards of several insurance companies including the Global Alliance Group (Mozambique, Angola and Sao Tome), Activa Group (Ghana, Liberia, Sierra Leone with connections in Cameroon and Guinea) and La Loyale in Ivory Coast. He was an associate of CK Reinsurance Brokers, London, from 2002 - 2010. He consults for various large multinational insurance companies and has been Africa Consultant for the Zurich Insurance Company from 2010 to date.
He has presented occasional papers and conducted educational seminars for AIO, FANAF,WAICA, OESAI and other organizations.
Mr Emmanuel Brule is a graduate of Ecole Centrale de Paris. He has always operated in an international environment and held a number of senior executives’ roles with SCOR, a global Tier 1 reinsurance company (1997 - 2001) and American International Group (AIG) (2002 - 2015) in diverse functions and in various territories. He is currently Deputy Chief Executive Officer of Saham Finances and a member of Saham Group Executive Committee.
Mr. Brule is an impactful C-Level Insurance Executive with significant and successful experience in growing profitable business and leading transformation of insurance operations across EMEA. He is recognized as a strategic leader and critical thinker, with a strong record of execution in multiple environments and cultures.