Senator Adetokunbo Mukhail Abiru fca , Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions , has received an Honorary Fellowship of the Nigerian Council of Registered Insurance Brokers (NCRIB) for his contributions to reforms in Nigeria’s insurance industry. The award was presented on Wednesday, October 21, 2026, at the council’s 2026 Closing Dinner of the National Insurance Conference and Exhibition held at the Shehu Musa Yar’Adua Centre, Abuja. Abiru was recognised for his engagement with industry stakeholders and sponsorship of Senate Bill 393, which culminated in the Nigeria Insurance Industry Reform Act (NIIRA), 2025. President Bola Ahmed Tinubu assented to the legislation on July 31, 2025. The law introduced reforms covering capital requirements, risk-based supervision, corporate governance and policyholder protection, aimed at strengthening the industry and boosting public confidence. In a statement made available by hi...
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