Babatunde Fajemirokun

Kemi Ajumobi

January 27, 2026

Babatunde Fajemirokun  
Managing Director/CEO at AIICO Insurance PLC

Babatunde Fajemirokun is the Managing Director and CEO at AIICO Insurance PLC.  A seasoned finance professional with a wealth of experience cutting across management consulting, insurance, and asset management. With a remarkable track record across various sectors, Babatunde’s professionalism is evident in his deep understanding of strategy, life and non-life insurance, including asset and liability management.

As a leader in risk management and corporate finance, his insight provides bespoke results that drive organisational accomplishments. Babatunde’s expertise extends to technology and operations management, as he ensures he uses innovation to improve processes and stakeholder engagement.

A champion of effective communication, Babatunde believes in the value that meaningful relationships bring. He exemplifies this by his untiring devotion to playing his role in the relationships he builds even as he navigates tasks with a can-do mindset which always produces results.

Babatunde loves to learn and evolve as he ensures he is up-to-date on industry trends, hereby guiding the organisation to be on top of their game today and even for future purposes.

With decades of professional experience cutting across management consulting, insurance, and asset management, Babatunde joined AIICO Insurance PLC, Life Insurance Division in May 2009, and was responsible for value-enhancing projects in its maiden growth strategy, business process and technology transformation projects. Prior to his appointment as Chief Executive Officer and Group Managing Director, he held roles that were responsible for key strategic and operational functions across the business. He was Divisional Head Operations & Technology (2009-2013), Chief Operating Officer (2013-2017) and Group Chief Business Officer (2017-2019).

Fajemirokun started his career in academia in 2001, as a visiting lecturer in the Department of Economics & Enterprise at Glasgow Caledonian University, Scotland. He worked with Accenture, Lagos (2003 – 2007), and then Capgemini Consulting, UK (2008 – 2009). In his management consulting roles, Babatunde provided consulting/advisory services to Financial Services (banking and insurance) and government clients, predominantly in mergers and acquisitions, and then United Kingdom Government transformation programmes. He also has external appointments as a Non-Executive Director in Food Concepts Plc and Xerox Corporation Nigeria (XHS).

Babatunde Fajemirokun is a Fellow of the Society of Underwriting Professionals (FCII), Chartered Insurance Institute UK, and a Chartered Insurer, and has an MBA from the University of Chicago Booth School of Business, a Business Information Strategy Master’s degree (dist.) from the University of Strathclyde, and a Bachelor’s Degree in Business Economics from Glasgow, UK.