Babatunde Fajemirokun

Executive Director, Operations

Skills and Experience

Mr. Fajemirokun has almost two decades’ experience, with ten years in Senior Positions in management consulting, insurance & asset management. He serves as the Chief Operating Officer and is responsible for key shared service functions and strategic growth in subsidiary companies. 

He joined AIICO in May 2009 and has served in several roles and overseen principal and operational functions during this time. He has overseen significant turnaround of the insurance business during this time; improving the company’s financial position (fixed the base), diversifying the product mix to a true customer composite, driving the company’s digital strategy, implementing the company’s capital management strategy (including corporate finance) and corporate strategy. 

Prior to AIICO, he worked in Accenture and then Capgemini Consulting (UK). In both companies, he provided consulting/advisory services to financial services and government clients predominantly in mergers and acquisitions (post-merger integration) and then the UK government transformation programmes.

Educational Background

He earned an MBA with a concentration in Finance from University of Chicago Booth School of Business, a Business Information Technology Systems Master’s degree with distinction from University of Strathclyde and a Bachelor’s degree in Business Economics from Glasgow, UK. He is a Chartered Insurer (ACII, UK) and a Senior Member of the Chartered Insurance Institute of Nigeria.


About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.