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NAICOM Lifts Suspension on Prime Insurance Brokers

12 Dec 2012

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 Fola Daniel,  Insurance Commissioner


Nnamdi Duru
The insurance regulator, National Insurance Commission (NAICOM) has lifted the suspension order on the Prime Investment Insurance Brokers Limited.

The Assistant Director in charge of corporate communications at the commission, Mr. Lucky Fiakpa, made this known in a statement.
According to him, the lifting of the firm’s suspension was sequel to the satisfactory conduct of the Akure, Ondo State based insurance broking outfit during the period of its suspension.

He also confirmed that the company has made good all the identified infractions that led to its suspension.
The company was suspended from doing business as an insurance broker with effect from June 14, 2012 following the unprofessional manner with which it handled the Ondo State government property insurance account.

While congratulating the firm for the restoration of its license, the commission however, warned that the company would “henceforth conduct its business in line with good corporate governance and market practice,” Fiakpa said.

Tags: Business, Featured, Nigeria, NSE, NAICOM, Fola Daniel, Insurance Commissioner

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