NAICOM Revokes UNIC Insurance Licence

The National Insurance Commission has cancelled the operational licence of Unic Insurance Plc.

It disclosed this in a public notice on Cancellation of operational licence of Unic Insurance Plc- RIC 043’.

The commission announced this in a notice to the public.

The notice was obtained by the News Agency of Nigeria (NAN) in Lagos.

NAICOM stated that the decision was in exercise of the powers conferred on it by enabling laws.

The commission explained that it had appointed Hadiza Baba Gimba as the Receiver/Liquidator  of the company.

“The public/policy holders are by this notice required to direct all enquiries and correspondence regarding UNIC Insurance to the receiver/liquidator.

“The receiver/liquidator will be dealing with the company’s liabilities in accordance with the provision of Insurance Act 2003,” NAICOM stated.


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