Insurance

African Alliance gets NSE’s nod to extend filing of audited financial statements

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Chuks Udo Okonta
African Alliance Insurance Plc (hereinafter referred to as “the Company”), said it has obtained the approval of The Nigerian Stock Exchange (The Exchange) for extension of time to file its Audited Financial Statements (AFS) for the period ended 31st December, 2019 and First Quarter Unaudited Financial Statements (UFS) for the period ended March 31, 2020.

The firm in a statement signed by Chinenye Nwankwo of Tope Adebayo & Co Company Secretary, issued to notify its esteemed shareholders and other stakeholders of the approval noted that the delay in filing the aforementioned accounts is due to the fact that the Company is still awaiting approval of its primary regulator, the National Insurance Commission (NAICOM) on the said accounts.

“We sincerely regret any inconvenience that the anticipated delay may occasion to our esteemed shareholders and investing public at large. We are following up persistently to ensure that the company’s accounts are filed with The Exchange on or before 30th June, 2020,” it said.

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