NAICOM revokes operational licenses of Niger Insurance, Standard Alliance Insurance

Written by on June 29, 2022

The National Insurance Commission (NAICOM) has announced the cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc.

The action by the apex insurance regulator might not be unconnected with the financial and liquidity crisis that had hit both insurance firms.

This disclosure is contained in a statement titled, ‘Notice of cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc’, issued by the Head, Corporate Communications and Market Development of NAICOM, Rasaaq Salami.

Salami in the statement that the commission has appointed Sanya Ogunkuade and Kehinde Aina, as the Receiver/Liquidator for Niger Insurance and Standard Alliance Insurance Plc respectively.

(NAIRAMETRICS)


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