SUNU Assurances Proposes Board Changes for Growth

SUNU Assurances Nigeria Plc is preparing to seek shareholder approval for significant changes to its board and audit structure as it aims to accelerate growth in Nigeria's competitive insurance market. The company proposes appointing TAC Professional Services as its new external auditor, replacing SIAO Partners, which is retiring.

Shareholders will also vote on the appointments of Lucie Barry as an independent non-executive director, Roland Ouedraogo as a non-executive director, and Olayinka Adaramola as an executive director with a technical role. Additionally, the company will seek approval for the re-election of a retiring director willing to continue on the board.

A general mandate will be proposed to allow recurrent transactions with related parties. SUNU Assurances plans to strengthen its audit oversight by allowing shareholders to nominate members for the Statutory Audit Committee.

The company will also seek authority for its board to determine the remuneration of external auditors for the 2026 financial year. The meeting will be streamed online for shareholders unable to attend in person.