NAICOM revokes Niger Insurance, Standard Alliance operating licences

The National Insurance Commission (NAICOM) Tuesday revoked 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.

Consequently, the Commission has appointed Sanya, Ogunkuade 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 of Aina Blankson LP, 5/7, Ademola Street, SW Ikoyi, Lagos as the Receiver/Liquidator for Standard Alliance Insurance Plc.

A statement by the Head, Corporate Communications and Market Development, ‘Rasaaq ‘Salami, said all stakeholders are advised to forward their enquiries to the respective Receiver/Liquidator for each company for their necessary action.

The statement assures all stakeholders of the safety and protection of their interests.