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Celebrating Sunny Adeda: Alpha Choice Boss and Insurance Icon Hits 70th Milestone

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The sounds of celebrations and thanksgiving will rent the air; anniversary chants will serenade the atmosphere in celebration of a great and charming personality, Mr. Sunny Oberuomor Adeda, today August 12th in Lagos.

Sunny, as he is fondly called by close pals and colleagues is a man of amiable character, despite possessing an intimidating built and gait. Sunny is a man of integrity, mixes freely with everyone, even though he is a man of high societal status.

All roads will lead to the house of Sunny Adeda as he clocks 70 years on earth.

Sunny is a hard working man who has indeed paid his dues. In the corporate world, he is not shy to take up responsibilities. His hard working nature propelled him into the insurance industry, where he became a seasoned insurance executive with a distinguished 30 years career marked by progressive leadership and strategic vision.

He rose through the ranks in the insurance sector, hitting the managerial level, making his management capacity second to none.

As he rose through the ranks, he acquired people’s skills, technical and underwriting prowess, culminating into him being an expert in the corporate world. Despite his rise, he remained a man of accountability.

Sunny is a hands-on insurance professional, his years in the industry have seen him deeply involved in policy evaluation, policy implementation, marketing and strategic policy formulation, product designs and business executions while supervising various technical and marketing directorates.

He possesses a demonstrable record of effectively leading and mentoring high performing teams, consistently delivering results in areas such as Life Assurance, Aviation, Oil and Gas, as well as public sector insurance penetration.

His insurance experience spanned over 30 years and across key areas of risk management practice including underwriting, marketing and brokerage operations.

His Professional Journey

With a distinguished career spanning over three decades, Sunny brings with him a track record defined by technical depth, commercial acumen, and strategic foresight.

He is currently MD/CEO of Alpha Choice Insurance Brokers Limited.

He joined NICON Insurance as a Graduate trainee in October 1980 and worked in various technical departments.

He was appointed Executive Director (Technical) 20th October 1999 to July 2006. He oversaw the transformation of the company into one of Nigeria’s most respected risk management and insurance firms. However, he voluntarily retired from the Corporation at the age of 50 years.

Sunny has led start-ups, pioneered projects, and driven market expansion.

He was Deputy General Manager of NICON Insurance (Lagos Office); Assistant General Manager (Lagos Zonal Office); Assistant General Manager (Aviation); Senior Manager (Aviation); Assistant Manager (General Accident); as well as Assistant Manager (Life).

His governance experience also includes service on the board of NAL Merchant Bank plc, 2000/2001; NICON Hotels Ltd, 1999/2005; College of Insurance and Financial Management, 2008-2009; Aderesa Nigeria Limited (Tega Farms); Alpha Resa Hotels Limited.

He obtained a B.Sc (Hons) Biology, from the University of Lagos, Akoka, Yaba

His professional qualifications include Associateship of the Chartered Insurance Institute – London (ACII); Fellowship by Examination of the Chartered Insurance Institute London – FCII; Elected fellow of the Chartered Insurance Institute of Nigeria – FIIN.

He was the President, Chartered Insurance Institute of Nigeria 2009 – 2011; Elected a Council Member of the Chartered Insurance Institute of Nigeria (CIIN) – 1999; Chairman – Mandatory Continuing Professional Development  Committee (MCPD); Member – Fellowship Assessment Committee; Chairman – Accreditation Committee, Office Representative Committee; Pioneer Chairman College of Insurance and Management studies (Chairman) 2008; Member Nigerian Institute of management; Member institute of Directors (IOD).

A commitment to continuous learning is exemplified by his participation in executive development programs locally and internationally at institutions such as Upstream Energy Insurance Module 2011 at JLT Academy, London; Chief Executive & Directors Course, Management School, London -2005; Executive Management Development Course, South Africa –  April 2000; Life Insurance Course at the Swiss Insurance Training Centre, Zurich – 1988; Munich Reinsurance Course, Munich, Germany – 2001; Computer Appreciation Course; Budgeting and Budgetary Control; Financial Management; Human Resources Management; Action Centered Leadership; Total Quality Management; Chartered Insurance Institute of London Annual Conference; Chartered Insurance Institute of Nigeria – Seminars and Conferences.

He belongs to Ikoyi club 1938, Country club 1949 Ikeja, IBB international golf club Abuja, Fountain of Hope International, as well as ENI Club.

His hobbies are Table Tennis, Swimming, Reading and Music. He is married with four children and hails from Delta State.

The post Celebrating Sunny Adeda: Alpha Choice Boss and Insurance Icon Hits 70th Milestone appeared first on Business Today NG.

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Business

MTN Nigeria appoints ex-Etisalat boss, four other new directors

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MTN Nigeria Communications Plc has appointed five new directors to its board as part of efforts to strengthen its operations and support the company’s growth and strategic direction.

The appointees include former Etisalat Nigeria executives, Ibrahim Dikko and Boye Olusanya, who were appointed as independent non-executive directors to the board of the telecommunication company.

The telco giant also appointed corporate governance expert Fabian Ajogwu, Imoni Akpofure and Lwazi Bam as non-executive directors.

The appointments, which take effect from 1 December were disclosed in a regulatory filing signed by the company’s secretary, Uto Ukpanah, on Tuesday.

MTN Nigeria said the new directors were expected to bring their experience and expertise to strengthen the telco giant’s operations.

“The new Directors are expected to bring their wealth of experience and expertise to enhance Board operations and contribute to the Company’s growth and future direction,” MTN Nigeria said.

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Profiles

Mr Dikko brings more than three decades of experience spanning banking, telecommunications, information and communications technology, and regulatory advisory.

He served as chairman of First Securities Discount House Limited from 2002 to 2012 and was vice president of regulatory and corporate affairs at EMTS Limited, which operated as Etisalat Nigeria, from 2007 to 2017.

He holds a Bachelor of Laws degree from the University of Buckingham and a Master of Laws degree from Queen Mary and Westfield College, and University of London.

Mr Dikko is a Fellow of the Society of Corporate Governance Nigeria and a Member of the Institute of Directors, Nigeria.

Boye Olusanya

Mr Olusanya, who currently leads FMN Holdings Limited, has more than 25 years of executive leadership experience across the fast-moving consumer goods, agriculture, telecommunications, technology, energy, infrastructure and financial services sectors.

He has led the strategic transformation of FMN Holdings into a vertically integrated, consumer-focused food and agro-industrial business.

MTN Nigeria said Mr Olusanya’s experience includes enterprise transformation, business restructuring, strategic acquisitions, operational turnaround and regional expansion.

Fabian Ajogwu

Mr Ajogwu is a Senior Advocate of Nigeria and professor of corporate governance at Lagos Business School. He is also the senior partner at KENNA LP and has practised law for 35 years.

He assisted the Securities and Exchange Commission in drafting Nigeria’s first Code of Corporate Governance and served on the Financial Reporting Council of Nigeria committee that worked on the National Code of Corporate Governance 2018.

Mr Ajogwu is also the founder of the Society for Corporate Governance Nigeria and has authored several books on corporate governance.

He holds a PhD in Law from the University of Aberdeen, an MBA from IESE Business School in Barcelona and law degrees from the University of Nigeria and the University of Lagos.

Imoni Akpofure

Ms Akpofure brings nearly three decades of experience in finance, infrastructure and sustainability, particularly across Sub-Saharan Africa.

Her career includes senior roles at the International Finance Corporation, CDC Group, now known as British International Investment, and KINA Advisory.

She currently serves on the boards of Africa50 and the Development Bank of Nigeria, where she brings experience in infrastructure investment, sustainable growth and corporate governance.

Lwazi Bam

Mr Bam joined MTN Group as group chief risk officer in June. Before joining the telecommunications group, he served as chief executive officer of Deloitte Africa and Deloitte Southern Africa from 2012 to 2022.

READ ALSO: Access Holdings’ nine-month profit jumps 6% to N474.2 billion

During his nearly three decades at Deloitte, he also served on the firm’s Global Executive Committee and advised organisations on mergers and acquisitions, strategy, governance and risk oversight.

Between 2022 and 2026, he served as a non-executive director on the boards of Standard Bank Group and Valterra Platinum. He currently serves on the boards of Woolworths Holdings Limited and ZEDA Limited.

Mr Bam is a chartered accountant in South Africa and completed the Advanced Management Programme at Harvard Business School.

MTN Nigeria, one of Africa’s largest providers of communications services, connects over 94 million people in communities across the country.

Launched in 2001, the telco operates in 19 markets in Africa and the Middle East, serving over 300 million people.


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Insurance Industry Set for 2026 Almond Awards November 6

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Excitement is building within Nigeria’s insurance industry as stakeholders prepare for the 2026 Almond Insurance Industry Awards, scheduled to hold on Friday, November 6, 2026, at the Stable Event Centre.

The highly anticipated annual event, organised by Almond Productions Limited, is expected to attract leading personalities, industry professionals and other distinguished guests from within and outside the insurance sector.

Preparations for this year’s edition have been ongoing for over six months, generating considerable interest across the insurance industry and beyond.

Speaking in a press release, the Head of the Awards Team and Chief Executive Officer of Almond Productions Limited, Ms. Faith Ughwode, said the organisers had gone above and beyond to ensure that guests enjoy a memorable experience.

According to her, the organisers have lined up some of the finest entertainers in the music and comedy industries to add excitement and glamour to the occasion.

The Almond Insurance Industry Awards is an annual platform dedicated to recognising and celebrating individuals and organisations whose contributions are making a significant difference in Nigeria’s insurance ecosystem.

The 2026 edition is expected to bring together key industry stakeholders and dignitaries for an evening of recognition, networking, entertainment and celebration of excellence in the insurance sector.

The event will be strictly black-tie, with guests expected to appear in formal evening attire.

Ms. Ughwode also emphasised that admission to the event would be strictly by ticket, urging prospective attendees to make the necessary arrangements ahead of the ceremony.

The post Insurance Industry Set for 2026 Almond Awards November 6 appeared first on Business Today NG.

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