The Minister of State, Transportation, Gbemisola Saraki, disclosed this during the Annual Retreat of the Nigeria Transportation Commissioners’ Forum, in collaboration with the Federal Ministry of Transportation, tagged, ‘developing and fostering synergy in the management of sustainable transport policies.’
Rasaaq Salami, NAICOM’s Head, Commissioner for Insurance Directorate, told the News Agency of Nigeria in Abuja on Thursday that the commission would await complaints from policyholders arising from the #EndSARS protests.
Adeyemi Abubakar, the Head, Market Development of the commission, said this at a seminar for insurance journalists, organised by NAICOM in Uyo, Akwa Ibom State on Saturday.
Abiodun Aribike, the Deputy Director in charge of Information Technology in NAICOM, said this at a seminar for insurance journalists, with the theme: “Digital Transformation of the Commission and Market Development Initiatives,” on Friday in Uyo, Akwa Ibom State.
Sunday Thomas, the Commissioner for Insurance of NAICOM, made the appeal on Tuesday when he visited Governor Kayode Fayemi of Ekiti State.
The companies, through their lawyer, Ayodele Akintunde (SAN), urged Justice Ahmed Mohammed to issue the order following NAICOM’s decision to go ahead with the process despite the pendency of the matter in court.
Pius Agboola, Director, Policy and Regulations, NAICOM, for the Commissioner of Insurance, said the guidelines were in furtherance to the commission’s earlier circulars referenced: NAICOM/DPR/CIR/25/2019, dated May 20, 2019; July 23, 2019; and December 30, 2019 respectively on the subject matter.
Justice Ahmed Mohammed gave the order after taking the argument of Counsel to the plaintiffs, Ayodele Akintunde (SAN), in a motion ex-parte dated and filed on July 22, marked: FHC/ABJ/CS/ 835/2020 in Abuja.
The National Insurance Commission has granted some regulatory forbearance as part of business continuity measures to ensure availability of insurance services and protection of insurance policy holders during the COVID-19 movement restriction.
The Nigerian Insurers Association on Saturday appealed to its member companies to take advantage of the extension of the recapitalisation deadline recently announced by the National Insurance Commission.
The commission said this was despite claims of some of the operators that they had met the requirements.
The National Insurance Commission on Monday announced the recapitalisation of insurance and reinsurance companies in the country.
The National Industrial Court, Abuja has dismissed a suit filed by the National Insurance Commission against the Association of Senior Civil Servants of Nigeria, NAICOM branch, for lacking in merit.
The National Insurance Commission on Friday confirmed the appointment of Edore Egbaran, as the new Managing Director of Goldlink Insurance Plc.
The National Insurance Commission on Saturday cautioned insurance operators against rate cutting in 2019.
The National Insurance Commission on Thursday withdrew the State Insurance Producer, a new insurance distribution channel it newly evolved.
The Deputy Commissioner for Insurance, Technical, Sunday Thomas, made this known in an interview with the News Agency of Nigeria in Lagos.
The NAICOM spokesman, Abdulrasaq Abdulsalami, said in a statement on Thursday in Lagos that the scheme, which was tagged: “National Insurance Commission Newly Launched: Merging Automated”, was a fraud.
The National Insurance Commission on Sunday released conduct of business practices and sanctions for insurance companies under the new Tier-Based Minimum Solvency Capital regime.
Mohammed Kari, Commissioner for Insurance, NAICOM, made the commitment at a seminar for Insurance Correspondents in Abuja.