Enterprise Life Assurance Nigeria (ELAN), a leading provider of innovative life insurance solutions, has announced a leadership change as its Managing Director, Mrs. Funmilayo Omo, steps down after five years of transformational service. The company’s board has also confirmed the appointment of Mr. Nelson Akerele as the new Managing Director.

Since joining in 2020, Mrs. Omo has led Enterprise Life Nigeria through a defining period of growth, establishing the company as a digitally-driven, customer-focused insurer with a strong national footprint. Her leadership saw the introduction of innovative life planning solutions tailored to meet the needs of Nigeria’s underserved markets, as well as a significant push toward digital accessibility and customer empowerment.

“Mrs. Omo’s legacy is deeply rooted in innovation, resilience, and service to our customers, She has laid a solid foundation, and we are confident that Mr. Nelson Akerele will build on that legacy to take us into our next chapter,”  said Daniel Larbi-Tieku, the Group CEO of Enterprise Group.

Mr. Akerele brings over two decades of experience in financial services, with a reputation for driving strategic growth, business development, and operational excellence. His appointment marks a new chapter for Enterprise Life Nigeria, as the company continues to deepen access to life insurance and expand its digital presence in the market.

Daniel Larbi-Tieku, the Group CEO of Enterprise Group, stated that, “Nelson Akerele is a proven leader who understands both the opportunities and challenges of the Nigerian insurance landscape. His forward-thinking mindset, strong executional ability, and people-centred approach make him the right person to steer Enterprise Life Nigeria into a future defined by innovation, growth, and customer trust.”

Speaking on his appointment, Mr. Akerele said, “I am honoured to lead Enterprise Life Nigeria at this exciting time. I look forward to building on the incredible work done by Mrs. Omo and the team, and to working closely with our stakeholders to make insurance more accessible, inclusive, and impactful for all Nigerians.”

The leadership change was formally marked at the company’s head office in Lagos, with key Enterprise Group executives, Board members, and staff in attendance. The event featured a ceremonial handover and send-off party, highlighting the vision and continuity of the company’s values and strategic direction.

Enterprise Life Nigeria remains committed to putting customers first and delivering on its promise to simplify lives and secure futures through innovative insurance solutions.