Guinea Insurance Plc, one of the oldest underwriters in Nigeria, said it has submitted its 2016 financial reports and accounts to the industry’s regulator, the National Insurance Commission (NAICOM) for approval.
This was disclosed by the company’s Team Lead, Corporate Communication, Mr. Hanson Ufot to The AUTHORITY in Lagos.
He said, with this, the company has been able to meet NAICOM’s end of March dateline required for the submission of financial reports and accounts for processing and approval.
He added that the company is now awaiting NAICOM’s approval of the company’s accounts.
“We have submitted our 2016 Financial Reports and Accounts to NAICOM for approval. We have been able to do that even before the expiration of the stipulated time frame set aside by the regulators for insurance firms to do so which is the ending of March. So, for now, we are awaiting NAICOM’s approval of our accounts and once that is done, every other thing will follow suit,” Ufot assured.
Meanwhile, at the company 58th Annual General Meeting (AGM) held recently in Abuja, shareholders of Guinea Insurance Plc have thrown their weights behind the newly constituted board of the company chaired by Mr. Godson Ugochukwu.
Mr. Ugochukwu is a seasoned legal practitioner with over 14 years of consummate legal expertise in all aspects of Nigerian and International Laws. He has served meritoriously in many top Nigerian law firms.