Monday, September 29, 2025
25.6 C
Lagos

NAICOM: ‘No Insurance Firm Forced to Donate to Fight Against COVID-19’

The National Insurance Commission (NAICOM) has refuted an online report that it forced insurance companies in the country to make donations towards the fight against Coronavirus in the country.

The report had stated that NAICOM in a letter to registered insurance companies compelled the companies to make donations of not less than N10 million to the fight against Coronavirus.

NAICOM spokesman and Deputy Director, Mr. Rasaaq Salami expressed the Commission’s disappointment over the news, describing it as not only false and misleading, but mischievous.

He explained that the commission only called on insurance companies to join in providing support to government at all levels in the fight against Coronavirus in the country.

He said: “This report is not only false and misleading but mischievous. It is a deliberate attempt to embarrass the Commission.

“No insurance company is being compelled or forced to contribute to the COVID 19 fund. NAICOM only requested the support of insurance companies further to the agreement between her, the Nigeria Insurers Association (NIA) and the Nigerian Council for Registered Insurance Brokers (NCRIB) for a coordinated effort towards making a consolidated contribution to the fund as an industry”. He noted.

He urged the public to disregard the report as false.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Absa Highlights Fresh Opportunities, Growth Potential in Telecoms Sector 

Sadiq Abu Absa CEO   Absa, a leading pan-African bank with a...

Africa, M/E Tablet Market Declining in Line with Global Trend

The Middle East and Africa (MEA) tablet market declined...

AXA, Jumia Unveil Insurance Policy for Mobile Phones

The insurer, AXA Côte d’Ivoire and Jumia, the ecommerce...

The PenCom 2019 Journalists’ Workshop in Benin-City

Mr. Abisola Onigbogi (ED Technical, ARM Pension Managers), Mr....

Tana Africa Offloads 25% Stake in Promasidor for $399m

Investment firm, Tana Africa Capital sold its 25% stake...

Abbey Mortgage Bank Names Mobolaji Adewumi as Acting MD

In the wake of her 30th Anniversary, Abbey Mortgage...

Premier League Transfer Spending Hits £500m

Transfer spending in the Premier League has reached £500 million this summer, £335 million short of last summer’s total with four weeks until the transfer deadline. Raheem Sterling’s move to Manchester City for an initial fee of £44 million has been the highest so far. Manchester United boss, Louis van Gaal has hinted at a “surprise” signing despite spending £83 million already.

Modernising African Payment Systems Set for Sept 14

The Modernising African Payment Systems virtual event will take place September 14th at 10:00...
spot_img

Related Articles

Popular Categories

spot_imgspot_img