The multi-million naira Centre for Insurance and Financial Management Studies (CIFMS) located at Asese village, along Lagos-Ibadan expressway, has been commissioned by the immediate past Commissioner for Insurance, Fola Daniel.
The first phase of infrastructural development that has been completed and commissioned includes: an administration block; syndicate rooms; 50 room students hotel; 10 chalets; rector’s lodge; lecturers’ lodge and restaurant.
The commissioning follows four years of giant strides in actualising the Chartered Insurance Institute of Nigeria (CIIN)’s dream of a College, conceived to change the face of Insurance and Financial Management education in Nigeria.
An elated President of CIIN, Bola Temewo, said he was happy that the project was commissioned during his tenure.
He appreciated the insurance industry stakeholders for sharing the institute’s vision and mission for the College as the most desirable step towards boosting insurance education.
Temowo said that “The massive financial support from individual and corporate donors towards the completion of the existing structures and facilities are testimonies of uninhibited belief in the potentials of the College to provide world-class human capital development programmes for the Insurance and Financial Services sector.”
He further assured that the names of all contributors to the actualisation of this epoch-making project will be etched in gold as an indelible mark of achievement.
The CIIN boss informed that work on the remaining phases of the project will continue.
On efforts in place to justify the development of a full-fledged College, Temowo stated that a Rector and other key staff have been employed, the completed buildings have been equipped to make them functional, board has approved commencement of short and long-term courses and a private security outfit to man the College premises day and night has been hired.
The college has been registered as a subsidiary of the CIIN for a full legal status to operate.
Rector of the institution, Mrs. Yeside Abiodun Oyetayo, said companies that made large donations include: Leadway Assurance (N40 million), followed by Custodian and Allied Insurance (N30 million), Axa Mansard Insurance (N10 million) and AIICO Insurance (N10 million).