NAICOM cancels Niger Insurance, Standard Alliance’s operational licences

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The Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc have been revoked by the National Insurance Commission, which oversees the insurance sector.

This was stated in a statement titled “Notice of cancellation of the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc” that was released by the Head of Corporate Communications and Market Development, “Rasaaq “Salami, for the Commissioner for Insurance, NAICOM.

The National Insurance Commission has revoked the certificates of registration of Standard Alliance Insurance Plc, RIC-091 and Niger Insurance Plc, RIC-029 with effect as of the 21st day of June 2022, according to a statement that was released.

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As a result, the commission has appointed Kehinde Aina Esq. of Aina Blankson LP, 5/7, Ademola Street, SW Ikoyi, Lagos as the receiver/liquidator for Standard Alliance Insurance Plc. and Sanya, Ogunkuade Esq. of Plot 217, Upper Grace Plaza, 3rd Floor (Left Wing), Shetima Munguno Crescent, Behind Julius Berger Equipment Yard, Utako, Abuja

“All interested parties are advised to direct their questions to the appropriate Receiver/Liquidator for each company for their necessary action,” the statement reads.

The Commission guarantees the security and defence of all interested parties’ rights.

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