Business

Infractions: NAICOM cancels licences of Niger Insurance, Standard Alliance

Following their inability to play by the rules, pay claims and meet other obligations to policyholders, the National Insurance Commission (NAICOM) has cancelled the certificates of registration of Niger Insurance Plc (RIC -029) and Standard Alliance Insurance Plc (RIC -091) with effect from June 21, 2022.

A statement signed by the Head, Corporate Communications and Market Development, NAICOM, Mr. ‘Rasaaq ‘Salami, on behalf of the Commissioner For Insurance, Olorundare Thomas, notified all insurance stakeholders and members of the public of this development.

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.

“The Commission, therefore, advised all stakeholders to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action.

“NAICOM also assured all stakeholders of the safety and protection of their interests.

The insurance regulator had earlier notified the board of two insurance companies of its intention to cancel their certificate of registration on March 31, 2022,” the statement noted.

Specifically, the letter granted the insurance firms a 30-day period from the date of the receipt to appeal the intention and show cause to NAICOM, the Minister of Finance, Budget, and National Planning, why the certificate should not be withdrawn.

Prior to the current development, the Nigerian Insurers Association (NIA) had, last year, expelled both firms for failing to pay genuine claims to policyholders as required

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica