Universal Insurance drags NAICOM to court

By Rosemary Iwunze Universal Insurance Plc has dragged the National Insurance Commission, NAICOM, to the Federal High Court, following the cancellation of the Company’s operating licence and the appointment of a Receiver/Manager by the Commission. In a statement signed by the Company Secretary of Universal Insurance, M

Universal Insurance Plc has taken the National Insurance Commission to court, seeking to overturn the regulator’s cancellation of its operating licence and the appointment of a receiver/provisional liquidator. The insurer disclosed the legal action in a notice filed with the Nigerian Exchange on Tuesday and signed by i