My challenges, triumph as LASACO MD-Ladipo-Ajayi

Ladipo-Ajayi

Jamiu Yisa

The immediate past Managing Director of LASACO Assurance Plc, Ven. Olusola Ladipo-Ajayi, has revealed how he was dazzled by different challenges immediately he took over at the helms of affairs of the insurance company.

Speaking with PM News at the occasion of his retirement lecture/ 60th birthday celebration held in Alausa, Lagos, Ladipo-Ajayi said despite the enormous challenges, he never at any time felt like chickening out of the job.

“When you are called to the position of responsibility, it is not intended to be easy and that is why they called it position of responsibility. i never knew that the challenges of LASACO were as much as they were when i got there.

“I knew there were issues, problems and challenges but the reality on ground surpasses my wildest imagination. If anybody knew how bad LASACO was at that time and still voluntarily went into it, it would be like committing suicide. I have always believed in God and also believed he led me there. So when the challenges came like flood, I refer back to Him and he led me through.

“My first three months witnessed floodgate of complaints of outstanding liabilities. 1996 was my 23rd year in the industry and it never crossed my mind to chicken out and the reason was that I prayed about my taking the job and I told God like Moses, if you are not going with me, don’t send me there,” he said.

Speaking on recession, he said that this was the best period for Nigerians to re-insure, adding that insurance would help preserve their assets.

”Toyota Prado was N18 million in May but now, it is N32 million. If there is a lose, insurance will only pay you N18 million and will that buy you another Prado now? So the best thing is for you to devalue your assets and re-insure for the replacement. Therefore, it is better to transfer your risk to insurance in this economic recession,” he said

Comments

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg

FG berates US congressman over comment

Lai Mohammed, Minister of Information and Culture Photo: Femi Ipaye/PM News The Federal Government has described as sadly out of tune with reality the published letter from US Congressman Tom Marino to Secretary of State John Kerry, asking the US to withhold security assistance to Nigeria on the strength of some imaginary infraction by the Buhari Administration. In a statement issued in Abuja on Sunday, the Minister of Information and Culture, Alhaji Lai Mohammed, said Congressman Marino was poorly informed about the issues he commented on, wondering why he did not take the pains to get first hand information from the US Embassy in Nigeria or any other credible source before engaging in what is nothing but a ‘propaganda of his own imagination’. The Minister said by asking the US to refrain from selling warplanes and other military equipment to Nigeria based on a faulty premise, the Congressman has demonstrated a poor understanding of global security issues. ”Insecurity anywhere i

Aubameyang leads Gabon to Nations Cup

Pierre-Emerick Aubameyang Pierre-Emerick Aubameyang leads the cast for Gabon as the hosts became the first team to name their final 2017 Africa Cup of Nations squad. The team captain and Borussia Dortmund star will lead the home players out for the opening game of the tournament against debutants Guinea-Bissau on 14 January in Libreville. Gabon have also named Sunderland midfielder Didier Ndong despite the player being left out of November’s World Cup qualifier in Mali. Ndong was in the capital city Libreville but failed to turn up for international duty ahead of the Mali game last month, forcing the Gabonese Football Federation [Fegafoot] to send him back to England. But a remorseful Ndong, who held clear-the-air talks with Fegafoot has been included in a 23-man Panthers squad. Other names to make the final party include Juventus midfielder Mario Lemina, Bruno Ecuélé Manga of Cardiff City and China-based striker Malick Evouna. Gabon coach José Antonio Camacho included three do

Global Naija Info

Search This Blog