Breaking News

BREAKING: NAICOM Withdraws Operating Licences Of 2 Insurance Companies

Published

2 years ago

Jun 28, 2022.

Benard Joseph

NAICOM Withdraws Operating Licences Of 2 Insurance Companies.
The insurance regulator, on Tuesday, said it has cancelled the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc.

EDITOR’S PICK

EKO HOT BLOG reports that the National Insurance Commission, NAICOM, has withdrawn the operating licences of Niger Insurance Plc and Standard Alliance Insurance Plc.

According to a statement by the Head, Corporate Communications and Market Development, ‘Rasaaq ‘Salami, for the Commissioner for Insurance, NAICOM, titled ‘Notice of cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc’. The statement read,

“This is to notify all insurance stakeholders and members of the public that the National Insurance Commission has cancelled the certificates of registration of Standard Alliance Insurance Plc, RIC – 091 and Niger Insurance Plc, RIC – 029 with effect from the 21st day of June 2022.

“Consequently, the commission has appointed Sanya, Ogunkuade Esq of Plot 217, Upper Grace Plaza, 3rd Floor (Left Wing), Shetima Munguno Crescent, Behind Julius Berger Equipment Yard, Utako, Abuja as the Receiver/Liquidator for Niger Insurance Plc and, Kehinde Aina Esq of Aina Blankson LP, 5/7, Ademola Street, SW Ikoyi, Lagos as the receiver/liquidator for Standard Alliance Insurance Plc.

“All stakeholders are advised to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action.

FURTHER READING