The Board of Directors of the Industrial and General Insurance Plc (IGI) has explained why the company's shares are yet to be listed, four years after the sale of its shares to the general public.
The board also gave reasons for the late convention of its Annual General Meeting (AGM) for shareholders to approve its 2009 financial reports, saying the company was only trying to comply with regulatory requirements on consolidation of group accounts. The Executive Vice Chairman of the company, Mr. Remi Olowude, gave these explanations at the Annual General Meeting hosted by the company in Lagos.
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