Insurance

NAICOM cancels operational certificates of Niger, Standard Alliance Insurance

NAICOM

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Chuks Udo Okonta

The National Insurance Commission (NAICOM) 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.

Deputy Director/Head Corporate Communications & market Development NAICOM, ‘Rasaaq ‘Salami, stated this in a statement issued on behalf of the Commissioner for insurance and made available to Inspenonline. He noted that 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.

According to him, all stakeholders are advised to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action.

The Commission assured all stakeholders of the safety and protection of their interests.

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