Bayo Folayan

Chief Executive Officer at NIC HOLDINGS LIMITED

Finance

Consumer Services

Producer Manufacturing

Profile

Bayo Folayan is currently the Managing Director at Elmac Assurance Nigeria Ltd. since 2001, a Director at Uganda Clays Ltd. since 2015, and the Managing Director & Director at NIC Holdings Ltd. (Uganda) since 2011.
Former positions include Managing Director & Director at Industrial & General Insurance Plc from 2011 to 2024, and Managing Director & Director at NIC General Insurance Co. Ltd. Education includes undergraduate studies at the University of Lagos and an MBA from the University of Ilorin.

Bayo Folayan active positions

Companies	Position	Start
NIC HOLDINGS LIMITED	Chief Executive Officer	2011-11-29
UGANDA CLAYS LIMITED	Director/Board Member	2015-12-08
Elmac Assurance Nigeria Ltd. Elmac Assurance Nigeria Ltd. Multi-Line InsuranceFinance Provides life and non-life insurances	Chief Executive Officer	2000-12-31

All active positions of Bayo Folayan

Former positions of Bayo Folayan

Companies	Position	End
Industrial & General Insurance Plc Industrial & General Insurance Plc Multi-Line InsuranceFinance Provides motor, life, health, travel and fire insurance services	Chief Executive Officer	2024-04-01
Nic General Insurance Co. Ltd.	Chief Executive Officer	-

See the detail of Bayo Folayan's experience

Training of Bayo Folayan

Experiences
Positions held

Active

Inactive

Listed companies

Private companies

See the detail of Bayo Folayan's experience

Connections

1st degree connections

1st degree companies

Male

Female

Members of the board

Executives

See the personal network

Linked companies

Private companies	7
Elmac Assurance Nigeria Ltd. Elmac Assurance Nigeria Ltd. Multi-Line InsuranceFinance Provides life and non-life insurances	Finance
University of Lagos University of Lagos Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
University of Ilorin University of Ilorin Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Industrial & General Insurance Plc Industrial & General Insurance Plc Multi-Line InsuranceFinance Provides motor, life, health, travel and fire insurance services	Finance
Uganda Clays Ltd. Uganda Clays Ltd. Building ProductsProducer Manufacturing Manufactures and sells baked clay building products	Producer Manufacturing
NIC Holdings Ltd. (Uganda) NIC Holdings Ltd. (Uganda) Multi-Line InsuranceFinance Provides general and long term insurance services	Finance
Nic General Insurance Co. Ltd.