Mr. Bayode Samuel

Managing Director / CEO

Mr. Bayode Samuel is a Bachelors Degree Holder in Actuarial Science obtained from the University of Lagos. He is also an Associate of both the Chartered Insurance Institute of London (ACII) and the Insurance Institute of Nigeria (AIIN).


He started his insurance career in 1984 with the Leadway Assurance Co. Ltd, where he rose to become the Head of Pensions Department in 1992 before joining the Industrial and General Insurance Co. Ltd, as a pioneer Head of Life and Pensions Division.


In 1993, he set up and became the Managing Director of First Universal Insurance Brokers, a subsidiary of Universal Trust Bank of Nigeria (UTB), a position he held before his appointment as the Chief Executive Officer of Jones Simplix & Co Ltd.

His current appointment as the Managing Director/CEO of NICON Insurance Limited has since been confirmed by National insurance Commission (NAICOM)


He is a renowned technocrat and insurance professional of over 30 years experience and was until his new appointment the Executive Director (Technical) of the Company. He was also the Chief Operating Officer (Branch Acquisition, Network and Operations) NICON. He is happily married with children.