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House of Representatives appoints consultant to review FG insurances


The House of Representatives has appointed Rowland Madiebo as its consultants to assist the chambers on the forthcoming review of federal government insurances.

Jubrin Abdulmumin, chairman of the committee on finance that is saddled with this function made the announcement at a meeting in Abuja.

Madiebo who was unveiled at a meeting of the sub-committee on insurance was described as a thoroughbred practitioner with over 39 years experience in the industry.

Abdulmuminu said Madiebo would bring his untainted experience to bear on the committee’s work which is basically to make the insurance industry more responsive to the growth of the nation’s economy.

Abdulmuminu is leading the federal lawmakers’ first attempt at redirecting the insurance of federal government after the collapse of monopoly in the industry.

Previous exercises of the National Assembly in the insurance industry were the amendment of its Act and that of its regulator, NAICOM in 2002 and that of motor insurance as well as workmen compensation in the last administration.

Rowland Madiebo, who has traversed different areas of insurance, is a Fellow of the Chartered Insurance Institute of Nigeria and Associate of the chartered Insurance Institute of London as well as the Associate of the Nigerian Council of Registered Insurance Brokers.

An astute professional, Madiebo who has attended several Courses both within and outside the country has presented papers in different areas of insurance. Started his Insurance carrier with Unity Life and Fire Insurance Co Ltd in 1973 and later moved to B.C. Madiebo and Company Ltd Insurance Brokers and Pension Consultants where he rose to the position of the Managing Director.

He later became the Managing Director of Intercontinental Assurance Company Limited between 1994 and 2006. In 2007 after the Insurance Industry Consolidation, he was appointed Executive Director Technical, Unity Kapital Assurance plc. Presently, he is the chairman of RIM Insurance Brokers Limited.


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