Connect with us

Hi, what are you looking for?

News

NAICOM Revoke UNIC Insurance’s Operational Licence

The National Insurance Commission (NAICOM) on Wednesday announced the cancellation of the operational licence issued to UNIC Insurance Plc.

The operational licence – RIC 043, was revoked with effect from March 25.

The commission made the announcement in a notice to the general public and policy holders.

The notice was obtained by the News Agency of Nigeria (NAN) in Lagos.

NAICOM stated that the decision was in exercise of the powers conferred on it by enabling laws.

The commission explained that consequently, it had appointed Hadiza Baba Gimba as the Receiver/Liquidator to wind-up the affairs of the company.

“The general public/policy holders are by this notice required to direct all enquiries and correspondence regarding UNIC Insurance to the receiver/liquidator.

“The receiver/liquidator will be dealing with the company’s liabilities in accordance with the provision of Insurance Act 2003,” NAICOM stated. (NAN)

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Nigerians have lost N4.8 trillion ($2.99 billion) to various scams since 2016, according to findings by Paul Alaje, a prominent Nigerian economist and chief...

News

Sextortion scams have become so widespread that the Federal Bureau of Investigation (FBI) is sending agents to Nigeria to help track down the perpetrators....

News

MTN Foundation has officially launched its Skills Academy, a transformative digital learning platform designed to empower millions of Nigerians with access to digital and...

Tech

Meta has announced its intention to appeal the decision of the Competition and Consumer Protection Tribunal (CCPT), which upheld a $220 million fine imposed...