June 16, 2024

The firm in a statement said following NAICOM’s guidelines on tenure limits for executives, the Board of Directors is delighted to announce the appointment of Gboyega Lesi as the Acting Managing Director of Leadway Assurance Company Limited, effective January 1, 2024. This appointment is subject to the requisite regulatory approval from NAICOM.


It noted that Mrs. Oluwafunmilayo Amanwa has also been appointed as the Executive Director of Technical & Operations, following the exit of the current Executive Director, Technical Services, Ms. Adetola Adegbayi.


It submitted that the strategic move was a testament to Leadway Assurance Company Limited’s commitment to sustaining the highest standards of corporate governance and adherence to regulatory directives. The Board expresses confidence in Gboyega Lesi’s leadership capabilities, underpinned by his close collaboration with Tunde Hassan-Odukale over the years.

Tunde, commenting on the appointment of his successor, stated, “I am confident in Gboyega Lesi’s leadership, and I believe his expertise and experience in the industry in almost three decades will be instrumental in steering the company towards continued success and growth across the west African insurance market.

“Lesi, a seasoned professional with a wealth of experience, is well-positioned to lead the company into its next phase of growth. His strategic vision and deep understanding of the industry make him an ideal successor to guide Leadway Assurance on its trajectory of sustained success,” Hassan-Odukale added.


Reflecting on his appointment, Lesi said: “It is an honour to assume leadership of this esteemed company during such a pivotal time. Our robust growth over the years is attributed to our values, a customer-centric culture, and an engaging approach that sets us apart.


“Taking up the mantle to build upon this rich legacy is a challenge I eagerly embrace alongside our dedicated professional team. Our current standing is a testament to our stakeholders, brokers, and peerless customers’ trust in our ability

to provide convenient, tech-driven, and reliable risk management support. My determination to consistently deliver excellence remains unwavering. I am wholeheartedly committed to furthering our accomplishments by placing our clients at the center of every aspect of our operations.”

Mrs. Oluwafunmilayo Amanwa

The underwriting firm noted that the appointment of Mrs. Oluwafunmilayo Amanwa as the Executive Director of technical & Operations was following the exit of the current Executive Director of technical Services, Ms. Adetola Adegbayi, occasioned by the NAICOM circular on tenure limits for executives. Her appointment is also subject to the requisite regulatory approval from NAICOM.

Commenting on the appointment, Tunde reiterated that Amanwa’s exceptional portfolio and industry experience make her a worthy appointment to help the organization achieve its strategic objective of attaining best-in-class underwriting excellence and operational efficiency.


The company remains dedicated to providing innovative and comprehensive insurance solutions to its diverse clientele. This transition aligns with Leadway Assurance Company Limited’s commitment to fostering seamless succession planning that fosters its mission and values continuity.


About Gboyega Lesi

Gboyega Lesi is a seasoned professional with over 25 years of working experience in the Nigerian Insurance industry. As a Non-Executive Director at Leadway IARD in Cote D’Ivoire, Lesi leveraged his experience to oversee Leadway’s strategic investments. As Executive Director of Commercial Business at Leadway Assurance Company Ltd., Nigeria, he played a crucial role in developing and executing the organization’s B2B sales strategy.

Before joining Leadway, Lesi started his insurance career as an insurance broker with SCIB Nigeria & Co. Limited, where he rose to be the head of business development. He also worked with ADIC Insurance Ltd. (now NSIA Insurance Ltd.) as Vice President and Head of Alternative Distribution Channels.

Gboyega’s educational journey includes an Advanced Management Programme (AMP) from Lagos Business School in 2022, an MBA from Aston Business School, United Kingdom, in 2008, and a bachelor’s degree in civil engineering from the University of Lagos, Nigeria, in 1992. He holds Associate memberships with the Chartered Insurance Institute Nigeria (ACIIN) and the Chartered Insurance Institute London, UK (ACII). He is also a Member of the Chartered Institute of Directors, Nigeria. (M.IoD)

About Oluwafunmilayo Amanwa

Mrs. Olufunmilayo Amanwa is a seasoned professional who has produced timely and unparalleled results in her 17 years of work experience. She has demonstrated an excellent blend of ethical work culture and professionalism in handling contractual agreements, underwriting, claims, reinsurance, specialty insurance (energy, power, and aviation), reinsurance broking, administration, and risk management.

She started her insurance career at Mutual Assurances Limited in the year 2002 as the Acting Company Secretary/Head, of the Claims unit before moving to Leadway Assurance Company Limited where she held various roles including legal, claims, underwriting, specialty reinsurance, company secretariat/board secretary, Head special risks underwriting and claims, team leads industrial construction and property underwriting and Head, General business underwriting. Before her return to Leadway, she was a senior reinsurance broker at Afro-Asian Insurance Services, London, United Kingdom.

Funmi holds a Bachelor of Laws degree from Lagos State University. She is a member of the Nigerian Bar Association, an associate member of the Chartered Insurance Institute of Nigeria, and a certificate member of the Chartered Insurance Institute of London. She is also a graduate member of the Institute of Chartered Secretaries and Administrators (UK).


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