The Board



Clem Baiye is a media entrepreneur and human resource expert with significant banking and corporate experience.

He studied at Ahmadu Bello University (ABU), where he obtained a degree in Political Science and at Warwick University (England) where he was awarded M.A. in International Political Economy.

As Assistant General Manager, Human Resources Management at the then NAL Merchant Bank from 1988 – 1991, he was responsible for training and staff development. Baiye was a founding Director and later, Chairman of Cornerstone Insurance Plc. He was also founding Chief Executive of Anchor Properties and Trust Plc before he left to pursue other interests.

Baiye has built a solid reputation for integrity and a superior grasp of public affairs and is on the board of several companies, including; The Capital Consortium Limited, Security Swaps Limited and Partnership Trust Investment Limited.

Baiye is the Chairman of the Editorial Board of NewAge, a quality daily newspaper. He is the Chief Executive Officer of Verity Communications Limited, a bespoke publishing outfit and Verity Associates, a human capital outsourcing company.



‘Biyi is the Group Managing Director of Regency Alliance Insurance Plc. Following the consolidation with three other insurance companies in 2007, he was retained as the Managing Director of Regency Alliance.

Prior to his founding of Regency Insurance Company in 1993, he began his career at United Nigeria Insurance Company Limited (UNIC) IN 1986. He was the General Manager, Capital Assets Insurance Brokers Between 1990 and 1991. In 1991, he became CEO of Excel Insurance Brokers.

Biyi holds a B.Sc. in Insurance and a MBA in Financial Management and Accounting from the University of Lagos. He is an Associate of the Chartered Insurance Institute London (ACII). He obtained his LLB degree from the Lagos State University and was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria.

He sits on the board of many companies as chairman or director. They include: Regency Nem Insurance Limited, Ghana, RIC Microfinance Bank Limited, RIC Properties and Investment Limited, RIC Technologies Limited and Trustfund Pensions.

In recognition of his outstanding leadership qualities, in April 2013 he was appointed by His Excellency, the then President of the Federal Republic of Nigeria; Dr. Goodluck Jonathan, as Chairman of the Governing Board of the University of Uyo Teaching Hospital.




Matt Osayaba Aikhionbare is a seasoned statesman with many years of service in various capacities. He studied at the University of Ilorin where he obtained a degree and M.A in Linguistics.

He served as Principal Aide to three Nigerian Presidents and was appointed by President Olusegun Obasanjo in 2006 as his Special Assistant for Policy & Programme Monitoring. Until this appointment, he was Special Assistant to the President’s Special Adviser (Policy & Programme Monitoring).

He served as Secretary of the Government of Edo State, the highest appointive position in the Executive at the state level.

Aikhionbare was Chairman, Sub Committee on information Management and Community Relations, Presidential Security Committee on Niger Delta and Chairman Board of Directors, Edo Broadcasting service (Radio & Television).

He was Chief Executive Officer, Lifestyle Limited a public relations consultancy and is currently a Member, Board of Regents, Benson Idahosa University, Benin.

In 2012, he was awarded National Honor of Officer of the Order of the Niger (OON) for his outstanding contribution to national development.

Director - Matt



Chief Wale Taiwo is a distinguished commercial law guru, An alumnus of the University of Lagos LLB (Hons) (1984) and LLM(1989). He was called to the Nigerian Bar as a Solicitor & Advocate of the Supreme Court of Nigeria in August 1985. Chief Taiwo started his career in the law firm of Messrs. Adesanya & Adesanya (Solicitors) between August 1985 and September 1988. He was thereafter the Company Secretary/Legal Adviser of Okada Group of Companies until 1991 when he set up his private Legal Practice – Wale Taiwo & Co; a law firm where he remains the Principal Partner till date.

Chief Wale Taiwo is a member of the Nigerian Bar Association [NBA] and the International Bar Association [IBA]. He was the prime mover of a consortium of investors who bought into the defunct Destiny Insurance Company Limited prior to the merger into Regency Alliance Insurance Plc.

He is an ardent jazz music lover. A member of the prestigious Island Club andMainland Executive Club, Chief Taiwo holds the traditional title of Ba’mofin of Ikosi/Kosefe Land, Lagos.

He is a Senior Advocate of Nigeria (SAN) and a Fellow, Nigerian Institute of Chartered Arbitrators (FCArb).




Donald James Etim is a seasoned professional with multifaceted experience and a global world view that has been garnered over the past 28years. He has developed strong management skills and delivered lucid solutions for the Public and Private Sectors in the areas of strategic planning, research, corporate affairs, corporate governance, transport management, resources planning, financial forecasts, project development and supervision. He is a very creative and result oriented leader with proven success in project coordination, administration, and execution.

He is an alumnus of the prestigious Ahmadu Bello University where he studied History and Political science and graduated with a BA (Combined Hons) (1984). He has an extensive work experience in the corporate world and public service. He served as Honourable Commissioner, Ministry of works and transportation in Akwa Ibom state from 2007 to 2015. He served as a member of The Financial and General Purposes Committee (FGPC) in charge of awarding all the major contracts in Akwa Ibom state.

He served as a member of the Airport Implementation Committee (AIC) which monitored and supervised the construction of the fully operational Ibom Airport. He is indeed a strong people’s person with excellent interpersonal, negotiation and diplomatic skills. He served as a dean college of commissioners for five years and worked closely with the executive management of the state. He is currently the Chairman of Papi printing Company Limited.




Sammy Olaniyi is the Executive Director, Business Development, Regency Alliance Insurance Plc. of Nigeria. A member of the Institute of Directors, Olaniyi obtained B.Sc. Accounting and M.Sc., Organizational Behaviour from University of Lagos, Nigeria.

He is a Chartered Insurer from London. He has attended various specialized courses both internationally and locally. A business Strategist and a versatile marketer, he had his Insurance training in the United Kingdom including the Chartered Insurance Institute’s Lloyd’s Training Centre.

He has extensive experience in Insurance Business Development and Marketing Research that makes him a leading resource person in modern business penetration. Olaniyi was a leading member of the consortium of investors who acquired Nigerian Alliance Assurance Corporation Limited in 1996 and was subsequently elected as its Executive Director. He has just concluded his Professional Doctoral programme with the prestigious Middlesex University in London.

Director - Sammy



Kehinde Oyadiran is a graduate of Accountancy from Federal Polytechnic, Ilaro, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Member of Nigerian Institute of Management (NIM). He has a Masters in Business Administration (Finance) from Abubakar Tafawa Balewa University (Bauchi). Mr. Oyadiran attended several Management courses.

He started his working career as an Underwriter with WAPIC Insurance Plc and later worked in Finance and Administration Department of the same company and rose to the position of Company Accountant. He joined Nigerian Alliance Assurance Corporation Ltd in 2001 where he rose to the position of Head of Finance.

Kehinde Oyadiran is currently the Executive Director (Finance & Administration) of Regency Alliance Insurance Plc.

Director - Kehinde