Underwriters
Senate summons insurance firms over failure to remit N17.4 billion pension fund
The Senate Public Accounts Committee, on Monday, summoned NICON Insurance Plc, AIICO Insurance and other insurance companies over alleged failure to remit N17.4 billion fund to Pension Transitional Arrangement Directorate (PTAD). The Executive Secretary of PTAD, Dr Chioma Ejikeme, had told the panel that PTAD took over the assets and liabilities of defunct pension offices without a formal handing over. She said, “On taking over, the Directorate wrote all underwriters to make returns and remit whatever amount is in their custody into a CBN dedicated account. Some of the underwriters responded to the request while some did not. “The bank certificate of balances, accounting statements, 3 years financial statements and policy files requested by the Federal Auditor were not handed over to PTAD ...
#EndSARS: Lagos government directs MDAs to forward list of destroyed properties
Sequel to the recent unrest in Lagos State which resulted in wanton destruction to some government properties, items, and valuables, the state government on Friday directed all Ministries, Departments and Agencies (MDAs) to send the list of all affected properties, items and other valuables in their domain. It would be recalled that the peaceful #EndSARS protests in the state had turned violence following the shooting by military men, resulting in hoodlums vandalizing government and private properties across the state. The State Head of Service (HoS), Mr Muri Okunola, gave this directive in a circular with Ref. No: CIR/HoS/20/Vol.1/114, dated 30th October 2020, titled: ‘Processing of Indemnity for State Property Damaged in the course of the recent civil unrest,’ saying the directive was to...
