Fortis Global Insurance Appoints Umar Faruk Umar, Ufuoma Ibru as Directors

Fortis Global Insurance Plc has appointed Dr Umar Faruk Umar as an Independent Non-Executive Director and Ufuoma Ibru as a Non-Executive Director following approval by the National Insurance Commission.

The company disclosed this in a notification to the Nigerian Exchange Limited and the investing public dated August 13, 2026.

According to the company, the National Insurance Commission approved Umar’s appointment as an Independent Non-Executive Director and Ibru’s appointment as a Non-Executive Director.

Umar is an educationist, public servant and corporate director with more than 40 years of professional experience, including over 30 years in board and corporate governance roles.

He holds a PhD in Educational Psychology from the University of Wisconsin in the United States and has undertaken executive education and corporate governance programmes at Harvard University, Stanford University and INSEAD.

The company said Umar previously served on the boards of Ashaka Cement Plc, CCNN Plc and NAHCO Plc, where he chaired and served on committees covering audit, risk management, governance, finance and establishment.

He currently sits on the boards of GTL Registrars Limited and the Nigerian Capital Market Development Fund.

Fortis Global Insurance said his experience in corporate governance, risk management, finance and strategic oversight would add value to the company’s board.

Ibru, the other newly appointed director, is a legal practitioner with board experience spanning hospitality, tourism and financial services.

He has served on the boards of Ikeja Hotel Plc, The Tourist Company of Nigeria Plc and Icon Stockbrokers Limited.

Ibru holds a Bachelor of Law degree from the University of Oxford and was called to the Nigerian Bar in 2003. He also holds a Bachelor of Engineering in Mechatronic Engineering from the University of London.

The insurer said Ibru brings experience in corporate governance, strategic management, legal and regulatory matters, investment transactions and stakeholder engagement.

The company’s board expressed confidence that the two directors would contribute to the growth and expansion of the business and strengthen the company through their experience.