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ARRAIGNMENT OF BESTWORTH INSURANCE BROKERS BY EFCC:
The attention of the Council has been drawn to media reports about the arraignment of the Managing Director of the Best worth Insurance Brokers Ltd, Abiodun Waheed Hassan, by the Economic and Financial Crimes Commission (EFCC) on five count charge of alleged criminal diversion of funds to the tune of N26billion.
It was alleged that the stashed funds was meant for payment of outstanding insurance premium and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN) into the corporate account of entities. Abiodun was first arraigned on January 15, 2015 in the High Court of sitting in Abuja for the alleged criminal offence.
It is expected that the issue would generate more intense public attention and media inquisition as it borders on the integrity and image of Insurance Brokers which the present leadership of the Council is stridently striving to protect.
The fact is that the company IS NOT A MEMBER OF OUR COUNCIL and as such we dissociate ourselves from its alleged heinous unprofessional conduct, for which it is being investigated.
This is a challenge to all members to play according to the rules and eschew acts that could jeapardise individual and corporate reputation of our companies and the Council.
Dr Mrs Bola Onigbogi
President/Chairman Governing Board ✍️