SUNU Assurances Nigeria Plc has announced the appointment of Michael Chukwu as an Independent Non-Executive Director, effective September 2026. The insurance company disclosed this change in a notice signed by its secretary, Taiwo Kuku, and filed with the Nigerian Exchange Limited. Mr. Chukwu brings over four decades of experience in banking, taxation, corporate governance, and investment management to the role.
Mr. Chukwu is a seasoned financial executive and chartered accountant with a distinguished career spanning multiple sectors. He is the founder and Chief Executive Officer of Assetswise Capital Ltd, where he has led private equity investments since 2007. His public service experience includes serving as Executive Chairman of the Ebonyi State Internal Revenue Board between 2019 and 2020.
During his tenure at the Ebonyi State Internal Revenue Board, Mr. Chukwu restructured operations, automated processes, and doubled the state’s internally generated revenue within a year. He also has extensive experience in the banking sector, having served as the founding Managing Director and Chief Executive Officer of Spring Bank Plc between 2005 and 2007.
Mr. Chukwu's banking experience also includes serving as MD/CEO of Guardian Express Bank between 2001 and 2005 and holding senior positions at several banks, including ACB International Bank, First Atlantic Bank, UBA, FCMB, Citizens International Bank, Fidelity Bank, and PricewaterhouseCoopers (PwC). He holds a B.Sc. in Political Science from the University of Nigeria, Nsukka.
SUNU Assurances has also appointed TAC Professional Services as its new external auditor, following the retirement of SIAO Partners after eight years of service. SIAO Partners had served the maximum eight-year tenure stipulated by the National Insurance Commission’s Corporate Governance Guidelines 2021.
TAC Professional Services' appointment was ratified by shareholders at the company’s Annual General Meeting held on 21 August. The auditing firm has experience across several sectors, including insurance, financial services, oil and gas, power, manufacturing, real estate, telecommunications, aviation, and media.
TAC Professional Services, established in 1999, provides a range of professional services, including audit and assurance, tax advisory and compliance, financial and business advisory, forensic investigation, and accounting. The firm is a member of Integra International, a global network of independent accounting and consulting firms.
Key points
- Michael Chukwu's appointment as Independent Non-Executive Director brings over four decades of experience in banking, taxation, corporate governance, and investment management to SUNU Assurances.
- TAC Professional Services has been appointed as SUNU Assurances' new external auditor, following the retirement of SIAO Partners after eight years of service.
- The appointments were made to strengthen SUNU Assurances' governance and oversight, in line with regulatory requirements and best practices.
