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Chuks Udo Okonta
The National Insurance Commission (NAICOM) and National Pension Commission (PenCom) have being engaging on how to ensure payment of annuitants in the liquidated Niger Insurance Plc and Standard Alliance Plc, Inspenonline can report.
This medium leant that the engagement was initiated by PenCom, as it is worried over the conditions of annuitants, who have not been paid monthly pension benefits since the companies operational licences were cancelled by NAICOM.
Shareholders of both firms have gone to court to challenge NAICOM on its decision to cancel their operational licences.
NAICOM had June 28, 2022 announced the cancellation of operational certificates of Standard Alliance Insurance Plc, RIC – 091 and Niger Insurance Plc, RIC – 029 with effect from the 21st day of June, 2022.
It 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.
NAICOM said 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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