WorldStage– Underwriting group SUNU Assurances Nigeria Plc has announced key corporate changes to its governance structure and oversight functions, appointing seasoned banker Mr. Michael Uchenna Chukwu as an Independent Non-Executive Director and engaging TAC Professional Services as its new External Auditor
According to regulatory filings signed by Company Secretary Taiwo Kuku and submitted to the Nigerian Exchange Limited (NGX), the board decisions follow approvals and shareholder ratifications at the company’s recent Annual General Meeting
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Board Appointment: Michael Uchenna Chukwu
Mr. Michael Uchenna Chukwu joins the board as an Independent Non-Executive Director, bringing over four decades of expertise across investment management, corporate banking, taxation, and public service.
Executive Leadership: Chukwu is the founder and CEO of private equity firm Assetswise Capital Ltd. He previously served as the founding Managing Director/CEO of Spring Bank Plc (2005–2007), where he spearheaded the merger of six banks, and earlier as MD/CEO of Guardian Express Bank (2001–2005). He has also held senior leadership roles at PwC, UBA, FCMB, Citizens International Bank, Fidelity Bank, and ACB International Bank.
Public Sector Record: Between 2019 and 2020, he served as Executive Chairman of the Ebonyi State Internal Revenue Board, where he automated processes and doubled the state’s internally generated revenue within one year.
Professional Credentials: A Fellow of ICAN, CIBN, CITN, NIM, and IoD Nigeria, Chukwu holds a B.Sc. in Political Science from the University of Nigeria, Nsukka. He is an alumnus of the Lagos Business School Chief Executive Programme (2003) and Harvard Business School High Potential Leadership Program (2006).
Appointment of External Auditors: TAC Professional Services
Following shareholder ratification at the AGM held on August 21, 2026, the company appointed TAC Professional Services as its new External Auditor.
Regulatory Rotation: The previous external auditor, Messrs. SIAO Partners, retired after completing the maximum tenure of eight consecutive years permitted under NAICOM’s Corporate Governance Guidelines 2021, following the conclusion of the FY 2025 financial audit.
Auditor Profile: Established in 1999, TAC Professional Services is an indigenous audit, tax, and advisory firm. It is a member of Integra International—a global network of independent accounting firms—and is registered in good standing with the Financial Reporting Council of Nigeria (FRC), SEC, ICAN, and CITN.
The combined governance additions reinforce SUNU Assurances’ commitment to regulatory compliance, robust statutory oversight, and strategic board leadership
