Insurance recapitalisation:  Oyedele queries NAICOM over processing fee, payment into escrow account

By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has queried the National Insurance Commission (NAICOM) over its imposition of a 1% Capital Injection Fee, alongside verification fees to be paid by insurance companies in the ongoing sector recapitalization exercise. The query followed a petition by NICON…