Olateju Phillips Replaces Derin Disu As LASACO Assurance Chairman

Posted on October 9, 2020
Olateju Phillips
Chief Mrs. Olateju Phillips

LASACO Assurance Plc has announced the appointment of Chief Mrs Olateju Phillips as the new chairman to replace the former occupier of the position, Mrs Aderinsola Disu, who resigned a few days ago.

The company, in a notice to the Nigerian Stock Exchange (NSE) on Thursday, said during a meeting of its board yesterday, it was agreed that Mrs Phillips should replace Mrs Disu.

In a notice dated September 30, 2020, LASACO Assurance announced the resignation of Disu from the board effective September 8, 2020.

“We wish to inform our esteemed shareholders and the general public that our former Chairman, Mrs Aderinola Disu, resigned as a director on the board of Lasaco Assurance Plc. The resignation takes effect from September 8, 2020,” the firm had said in the statement.

In the same disclosure, the company announced the appointment of Mrs Phillips and Mr Jamiu Adio Saka as non-executive directors of the organisation after obtaining approval from the National Insurance Commission (NAICOM).

Today, the firm said Mrs Phillips will now be its chairman, saying she is expected to bring “her wealth of experience and exposure to the board and company.”

“We wish to inform our esteemed shareholders and the general public that at Lasaco’s board of directors’ meeting held on Wednesday, October 7, 2020, the board approved the appointment of Mrs Maria Olateju Phillips as the new Chairman,” the notice said.

Mrs Phillips, a former Commissioner for Commerce in Lagos State, is the first child of the late billionaire business mogul, Ambassador Deinde Anthonio Fernandez.

She is a successful Chartered Accountant who holds an ACCA from England and Wales.

She is a former director in Keystone Bank; former Director, Lagos State Lottery Board.

She was also the Managing Director of Alma Beach Estate  Ltd (a subsidiary of Rims Merchant Bank Ltd); Managing Director, Maridot Ventures Ltd.

Phillips is a renowned management/financial consultant to many companies and was at a time, the Divisional Commercial Manager of Property division of the United African Company (UAC) of Nigeria Plc.

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