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Cornerstone, Custodian Facing N486.5m Lawsuit on Allegation of Non-Payment of Claims

By Business Journal

Cornerstone Insurance Plc and Custodian Investment Plc have been to dragged to a Federal High Court in Lagos in a N486.5 million lawsuit over allegation of non-payment of claims arising from a fire incident which occurred at No. 142, Bamgbose Street, Lagos Island, Lagos on November 4, 2021 at around 8:00 pm.

The lawsuit was filed against the two insurers by Aribisala Properties Limited and a law firm, A.O.S. Practice.

The case was earlier fixed for hearing today before Justice Chukwujekwu Aneke of the Federal High Court in Lagos.

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