WAII transition committee inaugurated

The West African Insurance Institute has constituted a nine-man transitional committee to select candidates for the office of the Director-General for the institute as the incumbent term approaches an end. Members of the transitional committee are drawn from countries.

They include Paul Mendy, 2^nd Deputy Governor, Central Bank of the Gambia as the Chairman; Arthur Yaskey, Commissioner of Insurance, Sierra Leone – member; and Dr. Usman Jankara Jimada, Deputy Commissioner for the Insurance, Nigeria. The other members include Bernard Ohemeng-Baah, Deputy Commissioner of the National Insurance Commission, Ghana; Nathaniel C. Gbaba, Director of Insurance, Central Bank of Liberia; Larry Jiagge, President, WAII Academic Society of Fellows; Seth Aklasi, Chairman WAIl Academic Board; Fredirick Bowen John, Director-General, WAII; and Davis Iyasere, Secretary-General/CEO, WAICA.

The committee has been tasked with the following terms of references: plan timeline for the execution of the committee’s assignment; design a template for the candidate assessment from the applications already received and conduct an interview of the shortlisted candidates within the parameters provided and recommend the best three (3) candidates to the governing council for the final approval and confirmation as well engage the candidates on the salary.

The committee has three months to conclude this assignment. According to information ascertained by the B&FT, 19 applicants applied for this job and it was shortlisted to 12 candidates who will be interviewed by March, among whom three will be recommended to the Governing Council.

Background of WAII

The West African Insurance Institution was established in Monrovia, Liberia after an agreement signed in 1978 by the governments of the five English-speaking countries of West Africa, namely: The Gambia, Sierra Leone, Liberia, Ghana and Nigeria. The initial spade work for this establishment was done by the West African insurance companies with the active support of the United Nations Conference on the Trade and Development.

The institute runs a one-year full-time course for prospective middle managers. The course is designed for insurance personnel drawn from English-speaking insurance companies of West Africa and, recently, from other parts of the continent.

However, because of the political situations in Liberia, the institution was forced to suspend its 1990 academic programme and close down in May, 1990. After a series deliberations by the Governing Council of the institute, the Executive Council of WAICA and the Government of The Gambia, it was decided to shut the institution temporarily in Banjul.

Consequently, the school re-opened in March 1991 (in Banjul) and successfully completed its suspended programme in November, 1991.

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