Reps Investigating 25 Insurance Companies Over Financial Infractions
The House of Representatives Sub-Committee on Capital Market and Institutions is investigating 25 insurance companies over alleged financial infractions that have reportedly cost Nigeria hundreds of billions of naira in lost revenue. At the investigative hearing in Abuja with representatives of the insurance company, Chairman of the sub-committee, Kwamoti Laori, disclosed that the companies were invited to respond to allegations of non-compliance with statutory provisions. He explained that […]