2019 Corporate PROFILE

MD’s Statement

Bashir Binji Managing Director

FIN Insurance Company Limited (formerly, Yankari Insurance Company Limited) was incorporated on 24th April 1981 as a limited liability company wholly owned by the Bauchi State Government. It was registered as a licensed insurer in 1982 and commenced business on the 1st January 1983.

The company was then acquired by FINBank Plc and had its name changed to Fin Insurance Co. Ltd in 2008. In 2012, FINBank was taken-over by First City Monument Bank (FCMB) while Fin Insurance subsequently became a member of the FCMB Group. In a bid to transform the company’s operations, Fin Insurance was acquired by Cornerstone Insurance Plc (through CAPE III Limited) in 2014. This move was ratified and approved by National Insurance Commission (NAICOM) in 2015; thereby making the company a subsidiary of the Cornerstone Group.

As at December 31, 2018, the company recorded a gross premium income of N1billion plus with the total Assets in excess of N7 billion and shareholders fund of N5,748,361.00 While our share capital is N5 billion ordinary shares of N1.00each.

The Company is currently capitalized beyond the compliance requirements of the Investment and Securities Act 1999 and the Insurance Act 2003”

FIN Insurance Company Limited is authorized to effect and carryout contracts of General Insurance business under the following categorization: Motor, Fire, General Accident, Marine, Engineering, Aviation and Bond.

Our business is driven by up-to-the-minute technology; managed by accomplished professionals and led by vibrant and resourceful Board of Directors.

Table of Contents • Introduction. 5 • Corporate Information. 6 • Board of Directors. 7 - 11 • Management Team. 11- 13. • Our Outlets. 15

Introduction FIN Insurance is committed to play a lead role in transforming the insurance industry within the confines of high professional and ethical standards. Our aim is to consistently provide new bold values through need-based products and exceptional quality service to delight both our corporate and individual customers. For over 36 years we have remained committed to these principles.

Fin Insurance Company Limited is authorized to effect and carryout contracts of General Insurance business under the following categorization:

• Insurance of Automobile

• Insurance of Property

• Insurance of Pecuniary Interests

• Insurance of Casualty

• Insurance of Transportation

• Insurance of Suretyship

• Insurance of Engineering Services and Equipments

• Insurance of Energy

• Insurance Bond

• Aviation

Corporate Information Our Principal Bankers:

• FCMB • First Bank of Nigeria Plc • UBA Plc • Skye Bank Plc • Fidelity Bank Plc • Guaranty Trust Bank

Our Auditors: KPMG Professional Services, KPMG Tower, Bishop Aboyade Cole Street, Victoria Island, Lagos.

Our Registrars: Cardinal Stone Registrars Ltd. Plot 358 Herbert Macaulay Way, Yaba, Lagos.

Our Reinsurers: • African Reinsurance Corporation

• Continental Reinsurance Corporation

Ownership: • Cornerstone Insurance Plc • Bancassurance Limited • Gombe state Investment & Property Development • Bauchi State Investment & Property Development • Gombe State local governments • Individuals

Our Vision: To be the leading insurance-based financial services group that transforms the Industry.

Our Mission: Delivering value beyond expectations.

Our Core Values: Our core values include Teamwork, Empathy, Professionalism, Innovation and Integrity.

EMPATHY INTEGRITY

INNOVATION

TEAMWORK PROFESSIONALISM

Board of Directors

• Paul Kokoricha (Chairman)

• Bashir Binji (Managing Director / CEO)

• Afolabi Elebiju (Non-Executive Director)

• Emmanuel Udofa Assiak (Non-Executive Director)

• Martins Uwuilekhue (Non-Executive Director)

• Ademola Abidogun (Executive Director Technical / Operations)

8

Directors

PAUL KOKORICHA Chairman

Mr. Paul Kokoricha holds a Bachelor of Science degree, Second Class Upper Division in Economics and won the Departmental Prize for the Best Graduating Student in Economics in 1982 from the University of Nigeria, Nsukka.

He is a fellow of the Institute of Chartered Accountants of Nigeria. Kokoricha worked for ten years in Arthur Andersen & Co. [previously a leading global accounting and consulting firm] providing accounting, consulting and audit services to varied clients in financial services, oil and gas, trading and manufacturing.

He gained extensive experience in accounting and audit turnarounds, business reorganizations and systems consulting. Prior to joining African Capital Alliance, he worked for Liberty Bank plc for eight years as Group Head of Operations with responsibility for trade finance products and customer service.

He joined African Capital Alliance in 2002 as the Chief Financial Officer before making a transition to fund manager role in 2004. He is currently the Managing Principal of Capital Alliance Private Equity I [CAPE I] and Capital Alliance Private Equity II [CAPE II] - a US$ 35 million and US$ 100 million private equity funds respectively. CAPE I and CAPE II have a number of international and Nigeria based investors, including leading international development finance institutions such as International Finance Corporation [IFC] - private sector arm of the World Bank; European Investment Bank; CDC Capital [formerly Commonwealth Development Corporation]; FMO [the Dutch Development Finance Corporation], as well as Nigeria-based institutions such as Citibank, Chevron Pension, Nigeria Breweries [Heineken]; UAC; Diamond Bank, etc. Most of these investors are represented in the Advisory Committee and Investment Committee; key governance organs of both funds.

In his role as Fund Manager, he champions all aspects of private equity invest- ment management, including fundraising, deal origination, due diligence, deal structuring, investment and management of exits.

He is a director of a number of companies, including Johnnic Communications West Africa Limited, Compact Disc Technologies Nigeria Limited, Swift Networks Limit- ed, Resourcery Limited, Accat and Nu Metro Retail Nigeria Limited.

9

Directors

BASHIR BINJI Managing Director

A graduate of Usman Danfodio University, Sokoto with BSc in Management Studies. He is an Associate of Chartered Insurance Institute London and has an MBA from Ahmadu Bello University, Zaria and a Diploma (Distinction) in Insurance from the famous West African Insurance Institute Banjul, The Gambia.

Binji started his Insurance career with Nigeria Reinsurance Corporation where he worked in Investment, Underwriting and Marketing departments. He then moved to pioneer Zenith Insurance Company a subsidiary of (Zenith Bank) as zonal Head/ Northern operations a position He held for 9 years.

Prior to joining FIN Insurance Company Limited as MD/CEO, Binji was appointed by the Federal Government as Executive Director, Operations and later Acted as MD/CEO of Nigeria Agricultural Insurance Corporation (NAIC). He also served as member of the governing Council of Nigerian Insurers Association.

He has over 19 years’ cognate experience in the industry. He has attended various courses in Insurance Risk Management and Marketing locally and internationally including 1 Year full time residential course at (WAII) Banjul, The Gambia.

AFOLABI ELEBIJU Non-Executive Director

He is the founding Principal of LeLaw, Barristers & Solicitors a commercial law firm. Widely acknowledged as one of Nigeria’s leading tax and regulatory lawyers, he has two decades of premium corporate and commercial law experience in leading professional services firms. He was most recently General Counsel at Nigeria’s foremost private equity firm.

He obtained his Bachelor of Arts (B.A. (Ed)) and Bachelor of Laws (LL.B) from Obafemi Awolowo University, Ile-Ife. He also has two Master of Laws (LL.M) degrees: from the University of Lagos and Harvard Law School respectively.

He is a Fellow of the Chartered Institute of Taxation of Nigeria (FCTI), the Vice Dean, Indirect Tax Faculty of the Chartered Institute of Taxation Nigeria, and an Associate Member of the Chartered Institute of Arbitrators (ACIArb).

Directors

EMMANUEL ASSIAK Non-Executive Director

Emmanuel is a Principal at African Capital Alliance (ACA) and lead Financial Services. He joined the firm in 2006. He is the lead Investment Officer on ACA’s largest investment, Union Bank of Nigeria Plc and provides leadership to a number of ACA investee companies, through his roles on their respective Boards.

Emmanuel is a finance professional with over two decades of experience that spans banking, manufacturing and private equity. Prior to joining ACA, Emmanuel held senior positions in leading Nigerian banks, including Zenith and UBA, where he oversaw banking operations, trade services, process management and products

developments.

He holds a bachelor’s degree in Economics from University of Cross River State, a Master’s Degree in Economics from University of Lagos, Nigeria and an MBA from Manchester Business School, United Kingdom. He is also a Chartered Accountant.

MARTINS UWUILEKHUE Non-Executive Director

Mr. Martins Uwuilekhue has over 24 years’ experience in the insurance segments such as Reinsurance, Underwriting, Risk Management, Oil & Gas, Bonds, Claims Management, Engineering, Corporate marketing, Business Development and Loss prevention. He’s currently the GM, overseeing, Technical and Risk Management Division of the Cornerstone group. Prior to that, he began his career as an underwriter at Franco-Nigeria Insurance Brokers.

Mr. Martins holds both a bachelor’s and Master’s degrees in Physiology from the University of Ibadan, and is an associate of the Chartered Insurance Institute of Nigeria [CIIN], He is an alumnus of Lagos Business School, as well as University of Texas. He has attended various specialized management courses/training internationally, such as Elementary Drilling and Petroleum fundamentals, from University of Texas and specialty in Oil Intermediate from the International Chartered Insurance Institute (CII).

10

Directors

ADEMOLA ABIDOGUN Executive Director Technical & Operations

He is a fellow of the Chartered Insurance Institute (2012). Prior to assuming his current position, He was the Ag. Managing Director of Fin Insurance Company Limited. He pioneered Bancaassurance/Retail team as an AGM in Cornerstone Insurance plc.

The team managed a large array of clientele ranging from the banking Industry to telecoms and micro insurance products for the company. He had also worked as Head of Oil and Gas; in that role, he was responsible for setting the overall vision and strategy for sales and revenue growth as well as for client relationship management within the oil sector. He has over 24 years’ experience in the insurance industry, and a vast experience in insurance technical as well as relationship and strategic management.

He has a master’s degree in Business Administration from the Rivers State College of Science and Technology (2007); He is an alumnus of the prestigious London and Lagos Business Schools as well as the University of Texas. He has attended various management courses locally and internationally.

Management Team

NASIR A. SONG

HEAD OF BUSINESS DEVELOPMENT/NRO

He is the head business development / NAICOM Relationship Compliance Officer. Prior to joining Fin

Insurance, he was a Manager Inspectorate and held other management positions since 1998 with

NAICOM. He holds a Bachelor of Science Degree in Political Science from University of Maiduguri and

a Diploma in Insurance from West African Insurance Institute, Gambia. He is an Associate Member of

Nigeria Institute of Management (NIM) and a Certified Anti-Money Laundering Specialist (CAMS).

12 Management Team

TAIWO F. DAVID

HEAD OF FINANCE

Taiwo is a graduate of Accountancy from Federal Polytechnic, Ede, Osun State. She is a Member of Association of Chartered Certified Accountants (ACCA), London. She also holds master’s in business administration (International Business) from Lagos State University. She has to her credit a Diploma Certificate of Chartered Insurance Institute of Nigeria (CIIN). Before she joined Fin Insurance Company Limited in 2019, she worked with Leadway Assurance Company Limited for fourteen years where she handled various Accounting functions including Treasury, Property, Plant and Equipment Accounting, Investment Accounting, Payables and Receivables Reconciliation, Special Risk Accounting, Reinsurance Accounting, Payroll Accounting, Prepayment and Accruals Accounting, Budget and Variance Analysis, Financial Analysis, Bank Reconciliation, Intercompany Accounting, Branch Operations. She later rose to be the Team lead, Management Accounts and Financial Reporting, a position she held till her resignation. Prior to joining Leadway, she had worked in the Hospitality and Telecommunications industry.

FATIMA UMAR Head Admin and Human Resources

Fatima Umar is the head of Admin and Human Resource. She holds a B.Sc. in Sociology from Bayero University, Kano and an MBA at (ATBU).

Before joining Fin Insurance Co. Ltd, she has over fifteen years of Banking experience, she worked with the defunct Inland Bank/FINBank at managerial position.

13

Management Team

ADEJO ACHEMA

Head, Marketing

Adejo is a trained sales person with over 15 years’ experience in marketing and underwriting.

He started his insurance career after his NYSC service with Cornerstone Insurance and has since then worked in the Claims department of Cornerstone Insurance and then became the Kano Branch Manager and later the Abuja Branch Manager of Cornerstone Insurance. He was on the team that was seconded to Fin Insurance Co. Ltd in 2014 from Cornerstone Insurance where he served as the Acting Head of Technical for Fin Insurance.

Presently he is the Head, Marketing for Fin Insurance over-seeing the Head Office sales team. He is a Accounting graduate who has switched over his career to insurance. He is a fellow of the Institute of Certified Public Accountants of Nigeria and also a member of the Chartered Insurance Institute of Nigeria. He has attended several local and international courses on insurance sales and underwriting.

TAIWO, KAYODE O. HEAD OF BUSINESS DEVELOPMENT (Western Region)

He is a graduate of Accounting and Finance from Yaba College of Technology, also, a member of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN) with many years of experience having worked with several organization in Nigeria. He joined Cornerstone Insurance Plc, Finance Department in May 2008 and worked in various capacities in the company including Financial Reporting, Head, Finance Operations, Special Risk (Oil& Gas) and later branch Manager, Ibadan office. He was seconded to Fin Insurance Company Limited as Regional Manager, Western Region, a position he still holds till date. His passion in business development gives him the edge to assist business owners and organizations in building a reliable account and financial system using best practice.

Turning risks into OPPORTUNITY

OUR OUTLETS

CORPORATE HEAD OFFICE: 1st Floor, Okoi-Arikpo House, 5, Idowu Taylor, Victoria Island, Lagos.

Tel: 08033326606, 07031691590 finlegal@finsurance.com.ng; hr@finsurance.com.ng

REGISTERED ADDRESS 34, Gana Street, Maitama, Abuja. Tel: +234 (0) 9 291 3712 Web: www.finsurance.com.ng Enquiries: info@finsurance.com.ng

IKEJA LAGOS No 6 Adeniyi Jones, Ikeja, Lagos. Tel: 08020793199 / 08129926999

KANO 103 Hadeja Road, Kano, Kano State Tel: 08069243833

ENUGU 13 Ogui Road, Enugu Enugu State Tel: 08033504458, 07089998343

PORT-HARCOURT 180 Aba Road, Port Harcourt, Rivers State, Tel: 08067614412

IBADAN Tafotech Building, 67 Aboderin Layout, Ring Road, Ibadan, Oyo State Tel: 08034440705

SOKOTO Block 12 Opposite Dogon Daji House, Maiduguri Road, Sokoto, Sokoto State. Tel: 08037816762

KADUNA NM 20 Constitution Road, Kaduna State. Tel: 07030980146