The National Insurance Commission (NAICOM) has put the general public and concerned stakeholders on notice that it has cancelled the certificates of registration Standard Alliance Insurance Plc, RIC – 091 and Niger Insurance Plc, RIC – 029 with effect from the 21st day of June, 2022.
This has effectively detonated the underwriting capacity of the company and effectively rested the general and life risks and policies respectively, opening another chapter for undertakers to fill.
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.
The statement by Rasaaq Salami Head, Corporate Communication and Market Development, on behalf of the Commission urged all stakeholders to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action.
The Commission also assures all stakeholders of the safety and protection of their interests.