Sunday, September 19, 2021

NAICOM confirms takeover of Unic Insurance

Must read

Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
- Advertisement -

The National Insurance Commission, NAICOM, on Friday confirmed it had taken over the management of Unic Insurance Plc to reposition the company for better performance.

READ ALSO:   Kachikwu lists new challenges for oil companies

NAICOM’s spokesman, Rasaaq Salami, said in an interview with the News Agency of Nigeria in Lagos that the takeover became imperative to rescue the company from distress.

Salami said the commission had subsequently appointed an interim board to manage the affairs of Unic Insurance Plc for the next six months.

He said the members of the interim board included Samuel Ordu as chairman, Theophilus Eke as managing director, Ifeyinwa Momah and Nicholas Shaiyen.

“The commission gave Ordu and his team six months to do a forensic audit on the financial position.

READ ALSO:   2018 UTME: JAMB advises candidates to check exam details [website address]
READ ALSO:   ‘Visibility policing’ grips Plateau ahead of Buhari’s visit

“Forensic audit would be carried out on the corporate governance failures observed in the course of reviewing the financial statement of the company,” Mr Salami said.


- Advertisement -

More articles


Please enter your comment!
Please enter your name here
READ ALSO:   Armed bandits kidnap Katsina lawmaker’s wife, demand N100m as ransom

- Advertisement -

Latest article

- Advertisement -