SBG moves to boost personnel skill in insurance sector

To encourage excellence in insurance study and boost the skill of personnel in the sector, SBG Insurance Brokers Limited, yesterday, endowed N2.5million academic prize for the best graduating student in the course in the University of Lagos (UNILAG) as part of activities to mark its 20th anniversary.

The 10-year tenured endowment will result in the best graduating insurance student receiving N250, 000 each year for the next ten years.

It became a more pleasant event when it was discovered during introduction of guests that all the five managing directors of different insurance firms and allied companies that were in attendance are alumni of the university.

Deputy Vice Chancellor (Academics and Research), Prof. Olu Familoni, who represented the Vice Chancellor, Prof. Toyin Ogundipe, expressed the joy of the university for the giant strides its graduates are making in the insurance sector and the economy at large.

He particularly praised the decision of the SBG Managing Director and Chief Executive Officer, Mr. Sammy Dalmeida, to give back to his alma mater, saying the prize would encourage healthy competition for excellence in insurance study among the students.

Seeking more support for UNILAG, Familoni disclosed that the university depends majorly on the revenue it can generate, noting that the institution which spends about N1.4billon on electricity supply yearly on receives N170 million grant to run the system for a year.

In his speech, Dalmeida, who described the prize as a scholarship for academic excellence in insurance, said it was meant to honour and recognise hard work in SGB’s contribution to strengthening the quality of skilled personnel in the industry.

Others in attendance include Profs. Ayodele Atsenuwa, Rasheed Ojikutu, Emmanuel Oyatoye; Dr. Adetoun Adekanye; Mr. Adebisi Dare; Managing Directors, Mutual Benefits Assurance Plc, Mr. Femi Asenuga; Custodian & Allied Insurance Limited, Mr. Edeki Isujeh; Sovereign Trust Insurance Plc, Mr. Soyinka Olaotan and Kinetic Insurance Brokers Limited, Dolapo Ali.