Coalition for Good Governance Retracts Call for NAICOM CEO's Ouster

The Coalition for Good Governance in Nigeria (CGGN) has reaffirmed the significance of the National Insurance Commission (NAICOM) in Nigeria's insurance sector and has retracted its earlier demand for the resignation or suspension of Mr Olusegun Ayo Omosehin, NAICOM's Commissioner for Insurance and Chief Executive Officer. In a statement dated September 29, 2026, signed by Salisu Mohammed, CGGN admitted that the allegations leading to their previous demand were inaccurate, incomplete, and unsupported by verifiable evidence.

The coalition also withdrew its claims that NAICOM's regulatory actions during the recapitalisation exercise were unlawful. CGGN expressed regret for any distress caused to Omosehin, NAICOM's management, insurance operators, policyholders, and the public.

They acknowledged that their earlier assertions were based on incomplete information and a misunderstanding of the legal framework. CGGN formally retracted its demand for Omosehin's resignation and any suggestion for disciplinary action from the Minister of Finance and Coordinating Minister of the Economy.