Mutual Benefits Assurance Plc has dismissed concerns from recent media reports citing past Nigerian Exchange Limited (NGX) sanctions over delayed financial statement filings, confirming the issue was resolved with all submissions now regularised.
Mutual Benefits Assurance
The company undertook a comprehensive governance overhaul post-incident, implementing stricter internal controls, enhanced financial reporting timelines, and bolstered Board oversight via Audit and Risk Committees.
Upgraded compliance systems and technology investments now ensure timely disclosures and regulatory adherence across operations.
Mutual Benefits emphasised its financial stability, commitment to transparency, and focus on delivering value to shareholders, policyholders, and partners.
The insurer, regulated by the National Insurance Commission (NAICOM), operates nationwide with over 30 years in general insurance, promoting financial inclusion.
NAN/MB/2026
