Nigeria: Govt Mulls Sale of 4 Rescued Insurance Companies

20 February 2018

The federal government through the National Insurance Commission (NAICOM) is considering the sale of some of four rescued insurance companies to willing investors, as part of effort to salvage the interest of the teeming insurance policyholders and shareholders, LEADERSHIP can exclusively report.

The rescued insurance companies are those insurers that are currently under the NAICOM's intervention and they include: Goldlink Insurance PLC, Spring Life Assurance Plc, Industrial and General Insurance (IGI) Plc and International Energy Insurance(IEI) Plc, while the case of Alliance & General Insurance and Alliance & General Life Assurance Plc, is already in court.

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