Business

WAICA, Posterity Thinkers and Blue Alliance Launch Sustainability Training Masterclass for Member Insurers

Published

1 hour ago

September 19, 2026

Preport

BY CHILDIMA AGU—In a bid to improve human capital development in West African Insurance industry, the West African Insurance Companies Association (WAICA), in partnership with Posterity Thinkers and Blue Alliance, has launched a new Masterclass Sustainability Training Programme.

The announcement was signed by Davis Yasere on behalf of WAICA’s executive leadership.

The training, aimed at building the skills of insurance professionals across the region to manage climate risk and unlock new opportunities.

The programme is designed to equip insurers with the knowledge, tools and practical skills needed to navigate the evolving landscape of sustainability, climate risk and climate finance.

Posterity Thinkers will serve as lead partner, providing strategic leadership, coordination, institutional strengthening and climate-finance expertise, while Blue Alliance will act as technical partner, delivering specialised expertise in sustainability reporting, IFRS S1/S2, ESG, carbon accounting, decarbonisation and net-zero strategies.

WAICA noted that the timing of the initiative reflects growing regulatory and market pressures facing the sector. IFRS S1/S2 and other sustainability reporting standards are shifting from voluntary best practice to regulatory expectations across WAICA member jurisdictions, while climate change is increasingly affecting underwriting, claims, investments, asset values and business continuity.

Early capability-building, the Association, noted can strengthen insurers’ competitiveness, attract investment and open the door to innovative insurance solutions.

The programme is built around seven strategic objectives: building foundational capacity in sustainability and reporting; facilitating readiness for IFRS S1/S2 and emerging regulations; strengthening climate-risk management; embedding ESG into strategy, governance and investment; developing climate-finance capacity; enabling competitive positioning against international standards; and creating long-term resilience beyond one-off training.

Describing the training as a platform for lasting impact that will support market leadership, member retention and growth, regulatory advocacy, international standing, regional integration, revenue diversification and institutional strengthening.

The training will draw on a range of reference frameworks, including central banks’ directives, IFRS S1/S2, GSE ESG standards, the GHG Protocol, PCAF and ISO 50002:2014.

The post WAICA, Posterity Thinkers and Blue Alliance Launch Sustainability Training Masterclass for Member Insurers appeared first on Business Today NG.

Related Topics:Alliance Blue Insurers launch Masterclass member Posterity sustainability Thinkers training WAICA

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Access Holdings appoints Orimoloye as Access Bank executive director, risk management

Published

9 hours ago

September 19, 2026

Preport

Access Holdings Plc has announced the appointment of Ifedayo Orimoloye as Executive Director, Risk Management of its flagship subsidiary, Access Bank Plc.

The company disclosed this in a regulatory filing signed by Sunday Ekwochi, Group Company Secretary, on Friday, saying the appointment followed the approval of the Central Bank of Nigeria (CBN) and would take effect from 21 September.

Commenting on the appointment, Aigboje Aig-Imoukhuede, Group Chairman, Access Holdings Plc, said the appointment will further strengthen the Bank’s risk governance and support its scale to value focus.

“Mr. Orimoloye brings strong global risk management experience and strategic leadership to the Board of Access Bank Plc. His appointment will further strengthen the Bank’s risk governance and support its scale to value focus. We are pleased to welcome him and look forward to his contributions to the Group’s long-term value creation agenda,” he said.

The appointment, the company said, reinforces Access Bank’s commitment to strong governance, prudent risk management and sustainable stakeholder value.

It added that the appointment was made in line with applicable regulatory requirements and the Bank’s corporate governance framework.

Profile

Mr Orimoloye is an internationally recognised risk management executive with over 25 years’ experience across leading financial institutions in Africa, Europe and the United States.

His expertise spans enterprise risk management, capital optimisation, credit governance, regulatory compliance and strategic transformation.

READ ALSO: CBN begins work on new financial inclusion strategy, targets deeper access

He was recently the Group Chief Risk Officer of the African Development Bank, where he oversaw a portfolio exceeding $40 billion and supported the institution’s continued AAA ratings from Moody’s Investors Service, S&P Global Ratings and Fitch Ratings.

He also played key roles in landmark capital and securitisation transactions, including initiatives to expand renewable energy access across Africa.

Mr Orimoloye previously held senior risk leadership positions at Sterling Bank Plc, Ecobank Transnational Incorporated, Wells Fargo Bank, HSBC and Citigroup, where he led risk transformation, portfolio management and governance initiatives across multiple markets.

He holds dual bachelor’s degrees in Economics and Finance, as well as an MBA in Finance from California State University, Hayward.

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Business

EFCC Hands Over Recovered N140m to Loan Firm in Lagos

Published

17 hours ago

September 18, 2026

Preport

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Okotie-Eboh, Ikoyi, Lagos, have handed over the sum of N140million to an investment and money-lending company, B4 Sail Limited.

The recovery of the funds, handed over in bank drafts by the Acting Zonal Director, Lagos Zonal Directorate 2, Assistant Commander of the EFCC, ACE I Bawa Usman Kaltungo, followed investigations into an alleged case of obtaining money by false pretence and diversion of funds involving one Jacob Oyebola Esan and companies linked to him.

In a petition submitted on April 20, 2026, B4 Sail Limited alleged that Esan, on behalf of his company, Geo Fields Plc, had approached the company in August 2025 for a N500 Million Naira loan facility to boost his business.

The loan facility, according to the petitioner, attracted an interest rate of 15 per cent per month and had a tenor of one month.
Investigation revealed that Esan, who is the first suspect, had previously obtained other loan facilities from the company, bringing his total loan exposure to N1,065,000,000.00 (One Billion, Sixty-Five Million Naira).
It was also revealed that Esan pledged shares held by him as collateral for the facilities through Calyx Securities Limited, the clearing house for the stocks, with the understanding that the shares would be subject to a lien in favour of B4 Sail Limited and that the company would have the first right of payment upon the sale of the shares.

The lien, investigation revealed, was communicated to B4 Sail Limited through a letter signed by the second suspect, Gbolahan Azeez Bello, Managing Director, Calyx Securities Limited.

Further investigation, however, revealed that the shares pledged as collateral had been sold without the knowledge of the petitioner, resulting in the suspect’s alleged default in repaying the facilities.
Consequently, the outstanding loan and accrued interest had risen to N2,250,500,000.00 (Two Billion, Two Hundred and Fifty Million, Five Hundred Thousand Naira).

Speaking during the handover ceremony, Kaltungo stated that the recovery “represents a further step in the Commission’s efforts to ensure that funds and assets recovered in the course of its investigations are appropriately returned to legitimate owners and victims in accordance with due process.

The post EFCC Hands Over Recovered N140m to Loan Firm in Lagos appeared first on Business Today NG.