Court Restrains NAICOM over Guinea Insurance

A Federal High Court sitting in Abuja has restrained the National Insurance Commission (NAICOM) from restricting Guinea Insurance Plc from taking in new businesses pending the determination of the substantive suit (FHC/ABJ/CS/151/2019) filed against the insurance industry regulator by the company.

The court presided over by Hon. Justice I. E. Ekwo granted the Order of Mandatory Injunction against NAICOM last Friday when the matter came for hearing.