Wed. Aug 13th, 2025

In a move aimed at strengthening its leadership and expertise, Veritas Kapital Assurance has appointed Babatunde Irukera, the former Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), as its new Chairman. This appointment is expected to bring significant benefits to the company, given Irukera’s extensive experience in regulatory affairs and consumer protection. Irukera’s tenure at the FCCPC was marked by notable achievements, including the implementation of various initiatives aimed at promoting fair competition and protecting consumer rights in Nigeria. His expertise in these areas is expected to be invaluable to Veritas Kapital Assurance as it navigates the complex insurance landscape in Nigeria. The appointment of Irukera as Chairman is a strategic move by the company to enhance its governance and leadership structure. With his appointment, Veritas Kapital Assurance is poised to leverage Irukera’s wealth of experience and knowledge to drive growth and expansion. Irukera’s leadership style, which emphasizes transparency, accountability, and fairness, is expected to have a positive impact on the company’s operations and reputation. The insurance industry in Nigeria is highly regulated, and Irukera’s experience in regulatory affairs will be crucial in ensuring that Veritas Kapital Assurance complies with all relevant laws and regulations. Furthermore, his expertise in consumer protection will enable the company to develop innovative products and services that meet the needs of its customers. The appointment of Irukera has been widely welcomed by stakeholders in the insurance industry, who believe that his leadership will bring significant benefits to Veritas Kapital Assurance. Irukera’s vision for the company is to make it a leading player in the insurance industry in Nigeria, and he has pledged to work tirelessly to achieve this goal. To achieve this vision, Irukera plans to focus on developing innovative products and services, enhancing customer experience, and expanding the company’s distribution channels. He also plans to invest in technology to improve the company’s operational efficiency and reduce costs. In addition, Irukera plans to strengthen the company’s risk management framework to ensure that it is well-positioned to manage risks and capitalize on opportunities. The appointment of Irukera is a testament to Veritas Kapital Assurance’s commitment to excellence and its determination to become a leading player in the insurance industry in Nigeria. With Irukera at the helm, the company is expected to experience significant growth and expansion in the coming years. Irukera’s leadership will also enable the company to make a positive impact on the lives of its customers and stakeholders. The insurance industry in Nigeria is expected to experience significant growth in the coming years, driven by increasing demand for insurance products and services. Veritas Kapital Assurance is well-positioned to capitalize on this growth, given its strong brand and extensive distribution network. The company’s appointment of Irukera as Chairman is a strategic move that will enable it to achieve its growth ambitions and become a leading player in the insurance industry in Nigeria. In conclusion, the appointment of Babatunde Irukera as Chairman of Veritas Kapital Assurance is a significant development that is expected to have a positive impact on the company’s operations and reputation. With his extensive experience and expertise, Irukera is well-positioned to lead the company to greatness and make it a leading player in the insurance industry in Nigeria.

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