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PenCom, NAICOM directs life insurers to open operational accounts with PFCs

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Following the intevention of the Minister of Finance, Mrs. Kemi Adeosun, to  broker peace between the National Pension Commission (PenCom) and National Insurance Commission (NAICOM) over who takes the custody of Life Annuity assets in Nigeria, both  regulators has resolved to pemit life insurance companies to open operational accounts with Pension Fund Custodians (PFCs) of their ...

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