From left: Company Secretary, Donald Kanu; Executive a Director,Babatunde Fajemirokun; Managing Director, Edwin Igbiti; Head Retail Business, Sola Ajayi, all of AIICO Insurance Plc during a press conference today in Lagos.
Press Release
AIICO INSURANCE ADDRESSES ALLEGED UNETHICAL ACTIVITY RECENTLY REPORTED IN THE MEDIA
Our attention has been drawn to a media report about unethical activities uncovered in AIICO Insurance Plc.
The report focused on one Mr. Adesanmi, who is presently being investigated for fraudulent practices and misrepresentation of AIICO Insurance Plc.
Consistent with our practice and in line with the processes in the company, upon receiving reports of the fraud allegedly perpetrated by Mr. Adesanmi, he was immediately placed on suspension pending the outcome of an investigation that was commenced immediately and which is presently on-going.
While we empathise with those who might have fallen victim to this individual’s personal scam, we shall leave no stone unturned in pursuing the case to a logical conclusion and ensuring that all parties get the justice they deserve.
It is imperative to clarify here that AIICO Insurance Plc is an underwriter of more than 50 years’ experience, the largest life underwriter in Nigeria and one of the biggest Insurance underwriters in the West African sub-region. AIICO has created and sustained a reputation that cuts across the globe as an underwriter of repute, with clientele from within and outside Nigeria and claims profile payment that runs into multi-billions of Naira.
AIICO has since put in place a policy against the payment of cash to individuals. This is visibly indicated on our communication materials and policy documents. We have invested in technology and infrastructure to provide multiple payment channels for payment and renewal of Insurance policies.
These channels include: Point of Sale (POS) terminals at our locations, NIBBS & Quickteller payment platforms, Bank Branches, AIICO e-Insurance Web Portal, Third Party Scratch Cards, Direct Debit and Cashier Points at our locations.
We encourage our customers to continue utilizing these channels which provide instant automation of records.
The payment of over N30 billion in claims and benefits between 2013 and 2015 attests to our avowed commitment to prompt claims settlements to our valued customers. Whenever the unexpected happens, AIICO remains duty bound and owe our customers the responsibility to protect their interests.
We hereby restate our unwavering commitment to continue to create and protect wealth for our highly esteemed customers.
Our customers can view their insurance portfolio online through our portal, all they have to do is to get in touch through our customer contact details below.
AIIContact, our customer-focused interactive platform is also available to address all customer enquiries. We are within reach by telephone on 0700AIIContact (0700 2442 6682 28) and email: aiicontact@aiicoplc.com.
Meanwhile, in line with regulatory requirements and best practices, AIICO has since set up a whistle blowing policy which can be accessed as detailed below:
http://www.aiicoplc.com/main-menu/Customer-Service/Whistle-Blower.aspx
Donald Kanu
Company Secretary
dkanu@aiicoplc.com
