NEM Insurance Plc has appointed former Director-General of the Securities and Exchange Commission, Mounir Haliru Gwarzo, and Adejoke Teluwo as directors of its board.
The appointments, which took effect on 28 October, 2026, comprise Gwarzo as an Independent Non-Executive Director and Teluwo as a Non-Executive Director.
The company disclosed this in a notice filed with the Nigerian Exchange Limited on 9 November, 2026.
Gwarzo brings more than 30 years of experience spanning capital market regulation, banking, securities, trade and commerce.
He previously served as Executive Commissioner for Operations at the Securities and Exchange Commission before becoming its director-general.
His career also includes positions at the Federal Mortgage Bank of Nigeria, where he served as General Manager and Regional Executive overseeing northern operations.
He began his career at the Ministry of Trade and Commerce in 1988 and worked at the Nigerian Stock Exchange between 1989 and 1991.
He subsequently served at the SEC from 2000 to 2006 and returned to the commission between 2013 and 2017. He also worked at the Federal Mortgage Bank between 2006 and 2009.
Gwarzo is currently the Chief Executive Officer of Prime Capital and Investment Limited.
He holds a bachelor’s degree from Bayero University, Kano, and a master’s degree in management and leadership from Robert Kennedy College, York St John University, United Kingdom. He is also a fellow of the Chartered Institute of Stockbrokers.
Teluwo, the other appointee, holds a Bachelor of Laws degree from Coventry University, United Kingdom.
She previously worked as Compliance Lead at Exso Focus Group in London between 2016 and 2019 and is currently the Founder and Managing Director of Kintsu, a professional services and workspace enterprise providing operational infrastructure and business solutions.
According to the company, she has more than 15 years of experience across regulated and entrepreneurial environments, with expertise in corporate governance, statutory interpretation, regulatory compliance, enterprise risk management and ethical leadership.
NEM Insurance said the appointments would strengthen the board’s collective experience and improve its effectiveness in overseeing the company’s strategic objectives and corporate governance standards.
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