Former President, Chief Olusegun Obasanjo has been conferred with Honourary Fellowship and Brand Ambassador of the Nigerian Council of Registered Insurance Brokers (NCRIB).
Penpushing reports that, the award was presented to him on Thursday at his private resident, Pent House, Olusegun Obasanjo Presidential Library,Abeokuta by officials of the council led by its President, Dr(Mrs) Bola Onigbogi.
The former President speaking at the at the event which was in compliance with the coronavirus protocols and guidelines underscored the impelling need for all to factor insurance into their personal and corporate decisions in view of its pivotal benefits to human and business survival.
“Insurance is like a nation’s army whose roles are most appreciated during the period of war or unforeseen circumstances threatening lives and property. Its quite regretful that many take insurance with levity or even refuse to factor it into their lives or businesses until the unexpected happens and there is no where they could get succor from’.
Penpushing further reports Obasanjo averred that most of the insurance laws and policies he assented to during his tenure as President were based on his understanding and belief in insurance as a safety valve for the individuals, businesses and national economy.
The former President while responding to the conferment of the Honourary Fellowship and Brand Ambassador awards on him, commended Insurance Brokers for their roles in the insurance value chain and promised to deploy his personality to project the brand of Brokers as well as the crucial roles they perform for their clients.
Penpushing also reports the Council’s President, Dr. (Mrs) Bola Onigbogi speaking earlier applauded Obasanjo for signing the NCRIB Act No. 21 of 2003 during his tenure as President, noting that the law was a watershed in the annals of the Council and the operators both professionally and ethically.
The Council President averred that it was in recognition of this critical support that the Governing Board of the Council has approved the conferment of the coveted Fellowship and Brand Ambassador awards of the Council on him.
Penpushing reports that, Onigbogi utilized the opportunity of the visit to seek the past President’s support for the inclusion of insurance operators in the operations of the Nigeria Social Insurance Trust Fund (NSITF), for more effectiveness and value to the target populace.