Joe Irukwu, a professor who served as the former President-General of Ohanaeze Ndigbo Worldwide, has passed away.
He passed away at 89 years old.
This was revealed on Saturday in Enugu by Harrison Okorie, president-general of the Amaokwe Item Welfare Union.
The Amaokwe Item Welfare Union announced, “The beautiful but painful demise of our great patron, father, grandfather, son, and brother, Prof. Joseph Ogbonnaya Irukwu, is today announced on behalf of the entire Amaba Ukwu kindred and the immediate family.
The Union expresses sympathy to the family on behalf of the Amaokwe Community and asks God to grant the deceased a peaceful death.
The Union urged all Amaokwe sons and daughters to mourn the loss of this giant while also keeping in mind to pray for his family during this difficult time.
The initial managing director of Nigerian Reinsurance Corporation was Mr. Irukwu, a lawyer, professor, author, and insurance expert.
After that, he founded the African Development Insurance Company, which Diamond Bank ultimately acquired.
After earning a degree in law and insurance from a British university in 1962, Mr. Irukwu went back to Nigeria and started working for the Lagos-based West African Provincial Insurance Company, a British company.
In 1965, he advanced within the company and joined the department’s management team in charge of insurance.
He was appointed CEO of Unity Life and Fire Insurance Company in 1970, and it was during this time that his profile started to soar.
The government appointed him chairman of the student loan board in 1972, a body tasked with distributing loans to thousands of students.
In order to improve the local portion of reinsurance premium income, the government-owned Nigerian Reinsurance Corporation hired Mr. Irukwu as its first chief executive in 1977.
Before the company was founded, Nigerian insurance companies engaged in reinsurance business with international firms.
In 1967, Mr. Irukwu released his first book, Insurance Law and Practice in Nigeria, and in 1974, he released his second book, Accident and Motor Insurance in West Africa.
In 1976, his third book, Insurance Management in Africa, came out.