BY NKECHI NAECHE—–National Insurance Commission (NAICOM) on Tuesday debunked report by the media that it has sanctioned 14 insurance companies for failing to submit their 2017 financial accounts.
The commission disclosed this to BusinessToday Online through statement released by the commission’s Director of corporate communications, Salami Rasaaq that the commission is shocked at this display of ignorance and total lack of knowledge by these media.
According to the commission the report is not true and must be disregarded by the general public and the insuring community.
The statement further reads: “NAICOM hereby states that it has not sanctioned any insurance company for failure to submit it’s 2017 accounts as claimed in the said news reports. Please note that the deadline for submission of financial reports by insurance companies to the Commission is June 30th.
“Thus, no insurance company could be said to be at default when the year is still in April. The Commission therefore urges the Media to seek clarifications on issues they are ignorant of before publishing in order not to mislead the public”.