International Energy Insurance in N81m Litigations, Up from N57m in 2019

Mr. Ebun Ayeni

Managing Director/CEO

International Energy Insurance Plc

International Energy Insurance Plc is facing pending litigations amounting to N80.720 million as at March 31, 2022, compared to N56.7 million in the same period of 2019.

The company said the litigations arose in the normal course of doing business, just as the Company made no provision in its current financial status at the date of reporting.

“However, the actions are being defended and the Directors are of the opinion that no material liability would arise therefrom.”