Lagos, 20th July 2026
REGENCY ALLIANCE INSURANCE PLC
Regency Alliance Insurance Plc ('the Corripany') wish to inform Nigerian Exchange Limited (The Exchange) and the general public that at the Meeting of the Board of Directors of the Company held on Tuesday, 30th January 2024, the underlisted persons were appointed as Executive Dñectors of the Company
Mr. Olabode Oseni - Managing Director
Mrs. Anu Shobo - Executive Director (Corporate Services)
Mr. Tunde Alao - Executive Director (Finance and Corporate Planning)
Mr. Akin Omodele - Executive Director (Technical Operations)
While the underlisted were appointed as Non-Executive Directors
Mrs. Comfort Otegbeye - Non-Executive Director.
HRM Oba Francis Alao - Non-Executive Director.
Dr. Sammy Olaniyi - Non-Executive Director.
Mr. Kehinde Oyadiran - Non-Executive Director.
The appointments were ratified at the Company's Annual General Meeting on the 31" Day of October 2024 and subsequently approved by the National Insurance Commission.
Resolutions relating to the appointments had been submitted via the Issuers' Portal as at when due.
In line with the directive of The Exchange to separate the office of the Company Secretary from that of an Executive Director, Management has set in motion the process of separating the two offices as it relates to the appointment of Mrs. Anuoluwapo Shobo and it hoped that this will be concluded on
or before the 3 t August 2026.
In view of the above, the composition of the Board of Directors of the company is as follows:
J. Mr. Chief Wale Taiwo, SAN - Ag. Chairman
Mr. Olabode Oserii - Managing Director
Mrs. Anu Shobo - Executive Director (Corporate Services)
Mr. Tunde Alao - Executive Director (Finance and Corporate Planning)
Mr. Akin Omodele - Executive Director (Technical Operations)
7 Mrs. Comfort Otegbeye - Non-Executive Director.
HRM Oba Francis Alao - Non-Executive Director.
Dr. Sammy Olaniyi - Non-Executive Director.
Mr. I€ehinde Oyadiran - Non-Executive Director.
Anu
Corripany cr tary
Regency Alliance Insurance Plc. RC 223946
Regency Place, 2 Ebun Street, Gbagada Expressway, Phase 1, Gbagada, Lagos. P. O. Box 70333, Victoria Island, Lagos, Nigeria.
Tel: +234(1) 08053499073, 08053499074, 07084077999 Email: info@regencyalliance.com Website: www.regencyaIIiance.com
Dff2£CTOBS: Mr. Clem Baiye (Chairman), Mr. Bode Oseni (Mana$in$ Directors, Mr. /4att. Osayada Aikhionbare (OON), Chief da/e Taiwo ($AN),/Ur. Donald names Etim, Dr. sammY O/aniyi, nr ñen'nde oxad'ran, *^^ F. o. Also, Dr. Mrs Gomtort Otegbeye,
Mrs. Anu Shodo fExecutive/, Mr: Tunde Alao (Executive), Mr Akindele Omode/e (Exec.utive).
Authorized and Regulated by tne Actional risersrice Commission. ifU 034
NEW DIRECTORS' PROFILE
BODE OSENI
Managing Director
Bode isa seasoned insurance marketer. He started his career as a Broker as an Assistant Manager with Man Mountain Insurance Brokers, Nigeria from 1989 to 1991. He had extensive and rewarding experience in the financial services sector, covering banking. insurance and insurance brokers businesses.
He was trained at the London School of Insurance and became an Associate, Chartered Insurance Institute of London in 1989. He holds an MBA from one of Nigeria's leading universities, University of Lagos. Bode also holds an LLB from Ghana Institute of Management and Public Administration (GIMPAj and he isa fellow of tne Insurance Institute of Ghana.
He joined Regency Alliance Insurance Plc in 2007 as the Regional Director South-South. resourcefulness and man management skills, he was made the Managing Director and Officer of RegencYNem Insurance Limited, Ghana in 2008.
Because of his Chief Executive
Given his track record and understanding of the market, Bode is a natural fit to succeed Biyi a the helm of affairs at RegencYAlliance Plc.
ANU SfJOBO - ED Corporate Affairs/Company Secretary
Anu Shobo isa qualified Lepal Practitioner with a reputation in the lepal circle for her hard work and exceptional brilliance.
She joined Regency at inception as the Company Secretary/Administration Manager. Until her appointment, she was an Assistant Manager (Legalj in ^/ema Bank Plc.
Anu obtained her LLB and LLM Degrees from the University of Lagos and was called to the Nigerian Bar in 1987. As the Company's Chief Compliance Officer (CCO) she also oversees and manages the Company's compliance with regulatory requirements and internal policies and procedures.
She has behind hera work experience of about 25 years, of which 21 years have been asa Practicing Company Secretary. She had successful pre-practice work tenure in the Ministry of Justice, Bendel State Office of the Director of Public Prosecutions and Beatrice Fisher & Co. as Legal Counsel.
She has participated in Risk Management, Anti-Money Laundering, Effective Leadership, Team Building & Manpower Management courses.
TIJNDE ALAO - ED Finance
He holds a B.Sc. Chemical Engineering from one of Nigeria's leading universities, Obafemi Awolowo Universi!Y.lle-lfe. He is an Associate of the Insfitute of Chartered Accountants of Nigeria.
He cut his accounting teeth at Nigeria's foremost accounting firm, Akintola Williams & Co Chartered Accountants. He joined Nigeria-French Insurance Plc in T994 where he rose to the position of Manager,
Finance.
He joined Regency insurance Limited in 2003.
AKIN OMODELE - ED Operations
Akin Omodele isa seasoned underwriter and reinsurance expert with bias for oil and gas insurance. He
Regency Insurance Limited
began his career at Oasis Insurance where he rose to the position of Superintendent in 2003. He joined
as an Assistant Manager in 2003.
Akin Omodele is an Associate, Chartered Insurance Institute of Nigeria (CIIN) and an Associate Member,
Nigeria Institute of Management (NIM). He holds B.A, COM|Darative Studies of Religion from University of Ilorin
and MBA Marketing Management from University of Lagos.
HRM Obo Dr. Francis Olusholo Aloo - Director
He hasa Bachelor of Science in Accounting from the University of Monrovia, Liberia.
Between 1988 and 1993, he was an Accounting Officer with Beehive Incorporation, Monrovia, Liberia. And from T995 to 2003, he wasa Chief Consultant at Mofas Shipping Line, Apapa.
Kabiyesi is on the board of mony private and public companies including SS ALAO Venture Limited where
he has been the Chief Executive Officer since 2010.
He is presently The Olugbon of Orile-lgbon Kingdom, Ogbomosho Zone, Oyo State. With his remarkable
credentials and pedigree, HRM Oba Dr. Francis Olushola Alao was invited to serve on the Board of Regency
Alliance Insurance Plc asa Director, from January 2024.
Dr. Mrs. Comfort Otegbeye - Director
She obtained an HND (Industrial Design)
from, Nigeria's foremost school of design, Yabo College of
Technology, a PGD (Education) and M.ED (Education Administrationj from Lagos State University.
She is the Founder and Chief Executive Officer of El-Bethel Group of Schools, Gbagada, Lagos. She is also the Executive Director, School of Arts and Painting, Yabo College of Technology, Lagos.
In her career, she has held the following notable positions: Vice President: National Association of Proprietors of Private Schools Lagos State. Secretary of the Board: Women Advancement and Youth Research Foundation -WAYREF.
Dr. Mrs. Comfort Otegbeye the Board of Regency Alliance Insurance Limited asa Non-Executive Director, in
2024.
Dr Sommy Olonlyi - Director
Sammy is the Executive Director, Operations, Regency Alliance Insurance Plc. of Nigeria. A member of the Institute of Directors, Olaniyi obtained B.Sc. Accounting and M.Sc., Organizational Behaviour from University of Lagos, Nigeria.
He isa Chartered Insurer from London. He has attended various specialized courses both internationally and locally. A business Strategist anda versatile marketer, he had his Insurance training in the United Kingdom including the Chartered Insurance Institute's Lloyd's Training Centre.
He has extensive experience in Insurance Business Development and Marketing Research that makes hima leading resource person in modern business penetration. Olaniyi wasa leading member of the consortium of investors who acquired Nigerian Alliance Assurance Corporation Limited in 1996 and was subsequently elected as its Executive Director. He has just concluded his Professional Doctoral Programme with the prestigious Middlesex University in London.
Mr Kehinde Oyodiron - Director
Kehinde isa graduate of Accountancy from Federal Polytechnic, Ilaro, a Fellow of the Institute of Chartered Accountants of Nigeria (ICANj anda Member of Nigerian Institute of Management (NIM). He nosa Masters in Business Administration (Finance) from Abubakar Tafawa Balewa University (Bauchi). Mr. Oyadiran attended several Management courses.
He started his working career as an Underwriter with WAPIC Insurance Plc and later worked in Finance and Administration Department of the same company and rose to the position of Company Accountant. He joined Nigerian Alliance Assurance Corporation Ltd in 2001, where he rose to the position of Head of Finance before joining Regency Alliance Insurance Plc as Director of Finance/Admin. He was subsequently appointed asa Non - Executive Director of the Company.