NICON, Nigeria Reinsure Accuse NAICOM of Criminal Breaches Over Recapitalisation
…Companies allege unlawful 1% levy, non-remittance to TSA, demand for 100% capital injections, N180m consultant fees Nicon Insurance Limited and Nigeria Reinsurance Corporation have accused the National Insurance Commission (NAICOM) of actions bordering on criminal conduct in the implementation of the ongoing insurance industry recapitalisation exercise. The two companies, in a statement issued in response […]
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