The insurance industry has lost another veteran with the death of Mr Yinka Lijadu, former Managing Director of NICON Insurance and past president of the Chartered Insurance Institute of Nigeria (CIIN).
He was also chairman of the Nigerian Insurers Association (NIA) and the Institute of Loss Adjusters Association of Nigeria (ILAN).
A statement signed by Assistant Executive Secretary, Nigerian Council of Registered Insurance Brokers, Tope Adaramola, said the late Lijadu was sick for a while.
According to him, NICON Insurance Corporation was the flagship of the Nigerian industry and a delightful place to work while Lijadu held sway.
He said: “Under him, NICON built several octopus of business institutions such as the NICON Noga Hilton Hotel, Abuja which has now transfigured to Transcorp Hilton Hotel, as well as the defunct Nigerian Acceptances Limited (NAL) Merchant Bank.
“On behalf of the Federal Government, Lijadu also pioneered National Properties Limited and the Nigerian Agricultural Insurance Agency, among others. Lijadu demonstrated through his leadership of NICON the belief that the insurance industry could really be the desired fountain for the conception and establishment of other business institutions as obtainable in other advanced economies.
“It was reliably gathered that at retirement, he never had a house or any obvious material possession that befitted the life of a man who bestrode the nation’s then nascent economy, especially in a society like ours where warped value system has made such life style abnormal.”
Born on April 2, 1934 at Abeokuta, Ogun State, Lijadu had his primary education at Christ Cathedral and Saints Peters Schools and his secondary education at CMS Grammar School and Kings College all in Lagos. He later won a scholarship in 1960 to study Insurance at the Holborn College of Law, Languages and Commerce, and bagged the Associateship of the Chartered Insurance Institute, London with specialisation in fire insurance in 1963.
Source: The Nation