Pictures From The Launching of Risk Management and Other Professions by Engr. Jacob Adeosun

Audience attention during the session

It was a gathering akin to a meeting of doyens in all fields of the economy. Many Insurance heavyweights, Engineers, Media Executives and the corporate world gathered at the VENUE NAME NEEDED in Lagos to join Engr. Jacob T. Adeosun as he launch his book: Risk Management and Other Professions.

See Also: Stakeholders Urge Government to Promote Risk Management Culture

The unveiling of the book, Risk Management and Other Professions which was authored by Engr. Jacob T. Adeosun was chaired by Chief Prosper Okpue, CEO. Insurance Brokers of Nigeria Ltd. (IBN) Lagos.

The book: Risk Management and other Professions is written to discuss risk-related issues as they affect some professions and how such professionals could benefit from the application of risk management process in their organisations.

The book also strives to arouse the awareness of professionals to risks associated with their responsibilities and how such risks could be mitigated effectively. 

The book offers views towards achieving risk management objectives, goals and targets in alignment with organisational aspirations and strategies.

Top officials of various organisations were present in the launching, among the guest: Mr Tope Daramola, Master of Ceremony, Mr Thomas DG NIA, Mr Richard Borokini, D.G. CIIN, Prof. Ade Ibiwoye, UNILAG and Alh. Adegbenro (NRIB), Bar. Abanilada/wife.

pictures below:

Mr Tope Adaramola (Master of Ceremony)

Mr Thomas (DG. NIA)

Prof. Ade Ibiwoye, UNILAG

Mr Richard Borokini (DG. CIIN)

Alh. Adegbenro (NRIB) and wife

The well-attended event also has in attendance the Victor Oteri who was the Book Reviewer, Mr Edwin Igbiti, MD/CEO AIICO, another Book Reviewer in Val Ojumah, Mr John Ijerhieme of SAHAM UNITRUST and Mr Eric Omozejele, Deputy CEO, Insurance Brokers of Nigeria (IBN), Lagos.

Pictures below:

Mr Victor Oteri (Book Reviewer)

Mr. Edwin Igbiti - MD/CEO AIICO

Val Ojumah (Book Reviewer)

For more pictures from this event, Please click on this link provided below

By: BelieversCompanion On November 02, 2016

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Risk Management As it Concerns Journalism and the Media

Information is power, the media is the conveyor, and journalists are the principal actors who shape its nature and influence the effects. Governments all over the world recognise the importance of information; they create the print and electronic media, which employ journalists to propagate their agenda. The media is used for positive and negative purposes depending on which side of the divide the assessor is.

The role of the press is not limited to political ends, Economists have stressed the importance of access to quality information for economic decisions. Both the government and the private sectors require a wide range of reliable and up-to-date information for strategic purposes. The media is the avenue to reach the market and the consumers.

There are a lot of Hazards and Risks associated with Journalism and the Media. I carefully analyse the Hazards and Risks while providing solutions to these Hazards and Risk. 

To learn more on Risk Management as it concerns Journalism and the Media, order a copy of  Risk Management and Other Professions today. The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;

Contact: Diligence Technical Services Ltd

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By: BelieversCompanion On October 28, 2016

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Risk Management As It Concerns Health and Medical Services

Healthy living is the foundation on which every human endeavor is built on. Only the healthy can be productive. Without health, there is no life, no ambition, and no wealth. Everyone needs good health. No one appreciates good health until it lost. Only the sick understands the value of good health. Many people spend all their energy searching for money, and regrettably, they later use all their money to look for health. In our day-to-day living, we are exposed to many hazards that put our health at risk. Some of these are self-induced while others are imposed on us due to an association and social influences. Good health must be cultivated, nurtured, maintained and preserved. Although certain diseases are hereditary, good health is not.

Unfortunately, most individuals and governments ignore tips on healthcare risk control. Generally, the application of risk management in the medical profession is thoroughly discussed in my book titled Risk Management and Other Professions.

To learn more on Risk Management as it concerns Health and Medical Services, order a copy of Risk Management and Other Professions today. The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;
Contact: Diligence Technical Services Ltd

Tel: +234070contactperson

By: BelieversCompanion On October 28, 2016

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How to Manage The Risk in Agriculture

Agriculture is the fundamental backbone for survival and self-sufficiency of any nation. Once the problem associated with food is removed from the list of priorities, poverty is out of sight. Everybody needs food; it is a basic human need. Agriculture is very essential to human existence; the ecosystem also draws life from it. Foods of different classes; protein, carbohydrates, fats and fruits all come from agriculture. Like man, animals also depend on agriculture. Famine is equally devasting to man and animals. Therefore, at all levels of government, food production, distribution and preservation processes deserve top priority. Failure to do this poses unpleasant challenges to the people.

Incidentally, Nigeria is tremendously blessed with fertile land and favourable weather that support farming. This notwithstanding, the country has not taken positive advantage of this opportunity to become an agriculturally wealthy nation it terms of food production and the production of cash crops for industrial purposes. What has happened is the sidelining of the agricultural sector by the people; hence, it is no longer contributing enough to the national GDP as it used to do in the past.

Although Nigeria produces a sizeable quantum of food items (yam, tomato, pepper, vegetables, etc.) the huge importation of rice and other processed foods is a shame and a preventable drain of Nigeria's national wealth. Contrarily, Israel is a major world player in agriculture in spite of the fact that her geography does not naturally support agriculture. Israel has deployed science and technology to overcome natural challenges and today is a huge exporter of agricultural products.

The Question everyone is asking is, Why do people hate farming?  There are certain risks and challenges associated with farming as a profession. I have carefully look into this risks and challenges associated with farming as a profession in my book titled Risk Management and Other Professions.

To learn more on How to Manage The Risk and Challenges in Agriculture, order a copy of  Risk Management and Other Professions today.The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;

Contact: Diligence Technical Services Ltd

Tel: +234070contactperson

By: BelieversCompanion On October 28, 2016

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How Risk Management is Driving Today's Boardroom Decisions

Engr. Ademola Isaac Olorunfemi, FNSE (President, Nigerian Society of Engineers 2013 - 2015). says in the Foreword of the book Risk Management and other Professions: 

Today, Engineers, Architects, Geologists, Surveyors, Estate Managers, Town Planners, Bankers, Accountants, Medical Practitioners, Economits, Legal Practitioners, Journalists, Investors and others have discovered new trends in enhancing total control over their callings. For effectiveness and efficiency, there is a need to think out of the box, hence the essence of risk management in our professional callings.

Vidya Phalke, CTO at MetricStream, says stakeholders are increasingly holding corporate leadership to a higher standard when it comes to managing risks of all kinds — systemic risk, geopolitical risk, credit risk, cyber risk, macroeconomic risk, technology risk, and more.

While great strides have been made, and many crises have been averted, we continue to see the front-page stories play out about those risks that weren’t adequately understood or managed. Alongside this, the news media and popular culture have shaped our thinking around risk as something to be avoided — as the inevitable evil of doing business.

However, those organizations that are leading the charge on effective risk management are taking a radically different view of risk — rather than viewing risk as a negative that must be avoided, they view risk as opportunity. If you know what your risks are, you are in a better position to make decisions that drive better business performance. This refreshing view of risk is being led at the top – in the boardroom – where many business leaders are re-thinking, re-imagining, and reshaping the conversation about risk.

To learn more on How Risk Management has been driving today's Boardroom Decisions, order a copy of  Risk Management and Other Professions today.The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organizational strategies.

Get a copy of the book Today;

Contact: Diligence Technical Services Ltd
Tel: +234070contactperson

By: BelieversCompanion On October 28, 2016

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Stakeholders Urge Government to Promote Risk Management Culture

Doyens in all fields of the economy, have canvassed the need to apply risk management in all human activities. The professionals, who gathered, in Lagos at the public presentation of a book entitled: Risk Management and Other Professionals, authored by the President, Risk Managers Society of Nigeria (RIMSON), Jacob Adeosun, risk management should be embedded in every sphere of human endeavours.

The experts urged the government to promote risk management culture in the society and ensure that professional risk managers are engaged to help mitigate risks, to save lives and properties.

According to the author of the book, risk management should be in the front burner, especially now that the nation is in recession, noting that comfort zone has become difficult, dollar boom disappeared and national wealth wrinkled, stressing that the time to secure the future is now.

Adeosun added that the book is expected to break a new frontier of knowledge in risk management amongst professionals, managers and officers in government, including those in commerce and industry. Executive Vice-Chairman, Insurance Brokers of Nigeria Limited, Prosper Okpue, the chairman of the event, applauded the author for contributing greatly to risk management and training of risk surveyors.

He noted that risk is inherent in all human activities, hence must be management properly to forestall financial and economic wastes Ace Broadcaster, Traffic Radio, Lagos, Victor Oteri, who was one of the book reviewers, noted that the book provides solution to risks challenges in the society, whilst calling on the government to focus more on risk management. He maintained that risk management should be everybody’s business, as risk does not respect persons.

He added that the book would really help open the mind of people to effective risk management. He urged companies to procure the book, stressing that no board will be complete without the book.

According to him, risk management requires special skill, hence the book has helped put people on the right highway of knowledge. He said the book is enriched to ensure that risk management becomes part of human daily activity. Managing Director, FBNInsurance Limited, Val Ojumah, one of the reviewers of the book, said the book was well articulated as it covered all the daily activities of man. “The simplicity of the book is capturing in every page. The author put in the book what we do every day,” he said.

According to him, risk management is not for only professionals, but for everybody, noting that it is practiced by all knowingly and unknowingly, and called for the translation of the book into local Nigerian languages. The representative of Manufacturers Association of Nigeria (MAN), Oluwasegun Oshidipe, said the book is a literature specially packaged for mankind, adding that the author underscored the need to guard against corporate failure.

Get a copy of the book Today;

Contact: Diligence Technical Services Ltd
Tel: +234070contactperson

This post was syndicated from The Guardian NigeriaThe Guardian Nigeria. Click here to read the full text on the original website.

By: BelieversCompanion On October 28, 2016

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How Risk Concerns Other Professions

Today, Risk Management is prominent on the agenda of successful organizations and entities all over the world. The need to grow the practice in the developing world is obvious. This is imperative in the case of Nigeria, a country the emancipation of the black race from poverty. The inevitable change from poverty to prosperity is achievable and more effectively when the professions embed risk management into their practice. This will entail the obvious need for organizations to integrate risk management practices with their operational activities.

At this point, it is important to understand what risk management means. Risk Management, according to Charles Nyce (2007) involves the efforts of individuals or organization as to efficiently assess, effects of losses or missed opportunities. He went further to note that individuals practice risk management to protect their limited assets from losses and to help them meet their personal goals; while organizations do so to add value and ensure that losses or missed opportunities do not prevent them from meeting their corporate goals.

Having defined risk management, the most logical question to ask is: Who is a Risk Manager? Or rather: Who is to practice Risk Management? Simply put in another way: Who are supposed to be the core members of the Risk Management Profession? To answer the above questions one can simply say that it is everybody, but would rather identify the core individuals as follows:

• Risk Assessors, Risk Surveyors, Investigatigators, Analysts, Explorers, Internal and External Auditors, Navigators, Forensic Practitioners, Members of Risk and Governance Committees. Those whose job or activities involve finding out the How, Why, What, Where and the extent of issues that should make organisations excel efficiently. These people provide answers to the questions: What can happen? What has happened? What was the impact? What could be involved? What is the result? What could be the result?

• Those involved in Risk Control or Treatment such as Health Safety and Environment (HSE) Officers, Quality Control/Quality Assurance/Quality Management System Officers, Medical Practitioners, Chief Risk Officers, Credit Controllers, Fire Fighters. Others like the Emergency Responders, Security Officers, Law Enforcement Officers, Guidance and Counselors, Human Capital Managers, Religious Leaders, Judiciary Officers, Solicitors and Advocates, Mediators, Managers/Supervisors of Productive Endeavors/Entities, Finance Managers, Budget Controllers, Compliance Officers, Internal and External Auditors - are all supposed to be members of the noble profession of risk.Those involved in Risk

• Those involved in Risk Financing related functions including the following: Insurers and Reinsurers, Self-Insurers, Captive Insurers, Risks-linked Investment Providers, Alternative Risk Technique Providers, Fund Managers, Project Financiers, Budget Managers and Contract Managers.

• There is another important category of Responsible People, who should take risk management more seriously as revealed by the following questions and answers. Who is responsible for the well-being, progress, or a project? He could be the Head, Leader, Chairman, President, CEO, etc., addressed by whatever title. Who has the responsibility for ensuring that the organization's basic needs are met and its aspirations achieved? The Head: who is responsible for security, peace, progress and viability of a State? The Governor: who has the responsibility to ensure that his State remains stable and better governed. In all, it could be the Heads of Departments and Units, Commissioners, Ministers, Heads of Parastatals, Board Members, Executive and Non-Executive Directors or Members of Strategic Committees, etc. Therefore, in my view, the Head, Leader, President, Chairman, CEO, etc. addressed by whatever title are the Chief Risk Officers of their organisations while their deputies and all others with delegated responsibilities for achieving operational successes are their Risk Managers, provided they are risk-conscious and trained in the risk management application.

• Finally, when an entity or a project fails, who bears the brunt? The owners of the organization and the intended stakeholders are naturally the ones to bear such brunt. Therefore, shareholders, investors, business promoters and the people stand to gain or lose from the performance of the organization or the project. This entails that they should also be risk managers as stakeholders through advisory or other roles to promote the success of the entity or the project.

It is with the above in mind that I wrote a book titled Risk Management and Other Professions to discuss some risk related issues affecting some other professions; and how such professions could benefit from the application of risk management processes in their endeavors. The book strives also to arouse the awareness of professionals to risks associated with their responsibilities in their different professions; and how to mitigate such risks effectively. The book strives to bring the fore what risks professionals face and how to manage such risks. It offers views on the way forward towards achieving risk management objectives, goals and targets in alignment with organisational strategies.

Get a copy of the book Today;

Contact: Diligence Technical Services Ltd
Tel: +234070contactperson

By: BelieversCompanion On October 28, 2016

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