The Management of Mutual Benefits Assurance Plc and the Governing Council of the Institute of Chartered Accountants of Nigeria (ICAN) have reaffirmed their shared commitment to professionalism, sound governance and the advancement of the accounting profession in Nigeria during a courtesy visit of the ICAN President and other Council members to Mutual Benefits Assurance Plc on Wednesday, 4 February 2026.
The ICAN delegation was led by the President of the Institute, Haruna Nma Yahaya, FCA. He was accompanied on the visit by members of the Governing Council, including the Vice President, Queensley Sofuratu Seghosime, FCA, mni, Registrar/Chief Executive of the Institute, Musibau Lanre Olasunkanmi, FCA, Etofolam Osuji, FCA, Davidson Chizuoke Alaribe, FCA, and other senior officials of the Institute.
The delegation was received by the Executive Leadership Team of Mutual Benefits Assurance Plc, led by the Group Executive Director, Mr. Jide Ibitayo and the Chief Financial Officer (CFO), Mr. Abayomi Ogunwo, FCA, supported by other members of the Executive Management team.
The visit commenced with a warm reception and formal introductions, followed by a welcome address delivered by the CFO of Mutual Benefits Assurance Plc. In his remarks, Mr. Ogunwo highlighted Mutual Benefits’ strong governance culture, its reliance on professional advice and the strategic role Chartered Accountants continue to play across finance, risk management, compliance and enterprise-wide decision-making within the Mutual Benefits Group.
A brief corporate presentation delivered by Mr. Ibitayo provided insight into Mutual Benefits’ history, operations, growth trajectory, market presence and its long-standing commitment to ethical conduct, regulatory compliance and institutional professionalism.
In his remarks, the ICAN President expressed appreciation to Mutual Benefits for hosting the delegation and commended the organisation for its consistent support of professional standards. He also shared updates on recent ICAN initiatives and reforms aimed at strengthening ethics, capacity development and the relevance of the accounting profession in both the private and public sectors.
An interactive engagement session followed, during which Mutual Benefits executives offered constructive recommendations on deepening collaboration with ICAN, particularly in the areas of continuous professional development, technology adoption, ethical leadership and preparing accountants for emerging business and governance challenges.
The engagement concluded with the exchange of branded souvenirs between the ICAN delegation and the Mutual Benefits Management team, followed by group photographs and networking, reinforcing the visit as a meaningful exchange between two institutions committed to advancing national development through professional excellence, integrity and strong governance.
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Mutual Benefits Assurance Plc is a leading Nigerian insurance company with over 30 years of experience in providing reliable and innovative risk protection solutions to individuals, businesses and institutions. The company operates as part of the Mutual Benefits Group, offering a comprehensive portfolio of general insurance products designed to meet the evolving needs of the Nigerian market. With a strong nationwide presence, Mutual Benefits Assurance Plc is committed to professionalism, sound corporate governance and customer-centric service delivery. Mutual Benefits Assurance Plc is regulated by the National Insurance Commission (NAICOM) and remains focused on deepening insurance penetration, promoting financial inclusion and contributing to Nigeria’s economic development through trusted insurance solutions.
