Nigeria: Nicon - FG Seeks Withdrawal of Agreement

6 March 2008

Abuja — The Federal Government yesterday filed a motion to withdraw the Terms of Settlement between it and management of NICON Insurance Plc, thereby stallingthe process of returning the management to Mr Jimoh Ibrahim.

In a motion set to be formally moved today before Justice Chikere Anwuri, the Attorney General and Minister for Justice, Michael Aondoakaa, admitted that he filed the terms of settlement but intends to withdraw it and give same to the Ministry of Finance for consideration.

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