NAICOM approves Ademoye Shobo as Lasaco Assurance MD/CEO
NAICOM has approved Ademoye Shobo as Lasaco Assurance's new MD/CEO, effective February 6, 2026. Shobo, who joined Lasaco in 1993 as an Audit officer, previously served as Acting MD/CEO since November 2025. His extensive insurance experience includes roles in Technical Division, Marketing, and Board positions. The appointment follows Razzaq Abiodun's retirement in November 2025. Shobo holds BSc Chemistry and MBA degrees, is a Chartered Insurance Institute member, and has international professional training. This follows Lasaco's December 2025 capital increase to N36.08 billion through Rights Issue and Private Placement.