LAW UNION FINALLY SACKED SEGUN ILORI - Aftermath of Sex Scandal Story:

The management of Law Union and Rock Insurance Company has finally sacked Mr. Segun Ilori, formally the Executive Director, Finance and Administration from the Yaba, Lagos headquarter location of the insurance house, thereby truncating this Ijebu North Local Government in Ogun State-born long ambition to head the company. It would be recalled that last year, a story allegedly had it that Mr. Ilori who is married with children to a wife said to be a banker with First Bank has been enjoying about eight years office romance with a married woman, named, Charity Chineye Ogwugwa, who then was the head of General Accident department of the insurance company before she became the head of Special product project department in January, 2011. When the story broken out, Mr. Ilori, was visible angry with many in and out of Law Union and Rock Insurance Company for leaking the alleged office romance to the press. Middle of last year, it was revealed that there was a kind of cold war at the Yaba, Lagos head office of the insurance company, as Mr. Ilori was allegedly pointing accusing finger to the management of the company, as the brain behind the media reports on the sex scandal. Although, at the same time the sex scandal story was strongly making the rounds, a section of the insurance company building was gutted by fire, sources alleged that Mr. Ilori was strongly linked as the brain behind the incident, a development the source alleged was a kind of calculated attempt to cover up some his alleged excesses before the mismanagement and board of directors of the company. It was gathered that Mr. Ilori was allegedly hinged his argument on the fact that the management is doing everything possible to bring him down since he was the next person to head the company at the expiration of Mr. Yinka Bolarinwa’s tenure, who was then the Managing Director/CEO. The accusation was alleged not to have really gone down well with the management, hence the cold war in the company that existed that calumniated to him been shown the exit door in April 2012 from Law Union and Rock Insurance Company. Information that made the rounds within some factions in the establishment then indicated that the alleged sex scandal between Mr. Ilori and Charity was not unconnected with attempts to upstage him because of his rising profile among his contemporaries. We can reveal that the board of directors of Law Union and Rock Insurance Plc appointed Mr Segun Ilori, Executive Director (Finance & Administration) of the company following the resignation of the Mr. Olumide Falohun in 2009. Mr. Ilori rose through the ranks to become the company’s Executive Director (Fin & Admin) which covers Finance, General services and Administration and ICT departments. He had over 21 years of working experience in the insurance industry and a chunk of the years he spent in Law Union and Law Insurance Plc, thought in-between; he worked for Leadway Pension PFA Ltd for a year between 2006 and 2007 as Chief finance officer, thereafter returned to Law Union. He finished from Federal Polytechnic, Ilaro in 1989 and did his mandatory national youth service corps was at the First Bank of Nigeria in the Finance and budget department, before bagging his MBA from the University of Lagos. He also became a fellow of the Institute of Chartered Accountants of Nigeria in 2003; an associate of the Chartered Insurance Institute of Nigeria; Chartered Institute of Taxation of Nigeria and Institute of Chartered Accountants of Nigeria. As you read this, Charity, an alleged partner in the office romance with Segun Ilori is still at the insurance company. Our sources revealed that since Mr. Ilori, who allegedly had a hand in making Charity gets to her present position courtesy of their romance has been thrown out; it will definitely be the turn of Charity next. How true this will be, is what many is patiently waiting to find out from the unfolding event as the days go by.