We have the capacity and the expertise to place your risks in the international market including Lloyds of London.

First Guaranty Risk Solutions Limited is an integrated risk management and insurance solution outfit founded with a vision of professional excellence built on the culture of total customer satisfaction.

—First Guaranty was incorporated in 1999 to carry out the business of Insurance Consulting, Risk Management and Insurance Broking.

Because each of our client groups has unique needs, our professionals coordinated by strategic managers will listen to you and work with you as a partner then develop solutions that work seamlessly with your business. Only in this manner can we help you uncover risks and discover new opportunities to make your business more successful, now and into the future.



First Guaranty Risk Solutions Limited is wholly owned by indigenous investors and has a share capital of N5million.  Adequate professional indemnity cover has also been put in place to enhance our ability to serve high net worth clients.

First Guaranty Risk Solutions Limited has a Board of Directors comprising men and women with proven ability and network primarily responsible for policy formulation and provision of direction for the management team.  The Management team is led by Mr. Yakeem Arowolo (ACII London), an experienced insurance practitioner.

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Ayo Oni


Mr Ayo Oni is a former President of the Institute of Chartered Accountants of Nigeria (ICAN) and former Managing Partner at Ernst & Young Osindero Oni (Chartered Accountants). Mr. Oni, a former chairman of Access Bank Plc., is currently a Director of Dunlop Nigeria Plc, Union Dicon Salt Plc and Just Foods Nigeria Limited.

Laraba Machunga

Ms. Machunga is an accomplished Oil & Gas expert and currently CEO of Jalz Energy Limited, Managing Director, Associated Oil & Gas Services Limited (An exploration company recently awarded Top Shot marginal field by Federal Government for development). She was in the employment of NNPC/NAPIMS for twenty-one years before her retirement.

Ronke Oyewole

Ms. Oyewole is a Director of FirstGuaranty Risk Solutions Limited. A Graduate of University of Jos, she worked as an Associate Consultant with the consortium of Folio Associate/Akintola Williams/P.E International on the restructuring of NNPC and its subsidiaries. She also participated in other similar projects for DHL International, Lagos and Niger Shipping Line (LANSAL) amongst others.
Ms. Oyewole is currently a Director of First Independent Consulting with specialization on Outsourcing and Corporate Restructuring.


Yakeen Salimonu Arowolo is an associate member of the Chartered Insurance Institute of Nigeria. He has a cumulative experience of close to three decades in Insurance industry. Mr. Yakeen Arowolo is currently the CEO of First Guaranty Risk Solutions Insurance Brokers.


Adedapo Faji is a graduate of Insurance from Polytechnic Ibadan, a member of the Chartered Insurance Institute of Nigeria. He has a cumulative experience of close to two decades in Insurance Underwriting and Marketing, having worked at various times in the Insurance industry with Man–Mountain & Company (Insurance Broker), Standard Trust Insurance Plc (Insurance Company), Minet Nigeria (Insurance Broker) and lately Mission Insurance Brokers Ltd. as Manager Operations.

Mr. Faji has attended many courses, Workshops & Seminars on Administration, Insurance Underwriting and Marketing.

Mr. Adedapo Faji has attended many courses, notably amongst which are:

  • Branch Operations Management by Ogo Associates Limited
  • General Insurance Underwriting and Claims by Fas Consultants
  • Intermediate Reinsurance Course by Intermediate Reinsurance Course

He has also presented papers on Insurance at Insurance Workshops. Presently, Adedapo Faji is the General Manager of FirstGuaranty Risk Solutions Insurance Brokers Ltd.


Mr. Akinyemi is a Chartered Accountant with Associate membership [ACA] of Institute of Chartered Accountants of Nigeria. [ICAN] He Holds a BSC Accounting degree from University of Lagos. He is the Head of Finance of FirstGuaranty Risk Solutions Limited. He has 6 Years Insurance Working experience.


Oladapo Oladele is a graduate of Philosophy from University of Ibadan, an Associate member of Chartered Insurance Institute of Nigeria [ACIIN] and Associate member of Chartered Insurance Brokers of Nigeria [ACIB].Prior to joining FirstGuaranty Risk Solutions Limited, he had worked with Mission Insurance Brokers Limited. He is currently Chief Technical Officer of the Company. Dele has 10 Years Insurance working experience.


A graduate of Political Science from Olabisi Onabanjo University, she has worked with Spring Bank Plc in 2008. She is currently head of  marketing in the company.


Joy Veracruz is an associate member of the Chartered Insurance Institute of Nigeria. Joy Veracruz is   currently the Head of Marketing in the company.

A summary of our services include the following:

  • Design and recommendation of adequate Risk Management Techniques.
  • Improved scope, terms, conditions and rates leading to Competitive Premium.
  • Fast and hassle-free claims services.
  • Insurance Advisory Services/Business Solutions.

All these services will be rendered at no cost to you.  Our fees will be paid by the appointed insurance companies.

Our Unique Selling Points