Shareholders of Guinea Insurance Plc have appointed Isioma Omoshie as acting managing director. They also okayed new directors following the exit of the chairman and four directors, who have served for over nine years on the board of the company.

The company in a statement by the Team Lead, Corporate Communications, Ufot Hanson, said it has positioned itself to go with the tide of structural and operational changes in the industry.

The  move, the statement said, was to ensure sound business practice and effective compliance with all statutory requirements and the code of good corporate governance as stipulated in section 5.04 (vii) of the 2009 Corporate Governance Code of NAICOM.

“Consequently, Sir Emeka Offor (Chairman) and four non-Executive Directors: Mr. Fred Udechukwu, HRH Eze Smart Nze, Prof. E.L.C. Nnabuife and Mr. Emeka Agusiobo retired from the board of the company from March 23, the statement said.

It continued: “The Board also approved the appointments of Mr. Anthony Achebe; Alhaji Hassan Dantata; Simon Bolaji; Chief Osita Chidoka; Mr. Emeka Uzoukwu and Dr. Mohammed Tahir Attahir as non-Executive Directors, while Alhaji A.O. Kadiri was returned as the Independent Director of the company.  Godson Ugochukwu, a lawyer, was also appointed Chairman of the company to replace Sir Emeka Offor.