Breaking News

Court upholds order restraining NAICOM from suspending Guinea Insurance

Kindly Share This Story:

By Rosemary Onuoha

A Federal High Court sitting in Abuja has upheld an earlier order restraining the National Insurance Commission (NAICOM) from suspending Guinea Insurance Plc over underwriting of new insurance businesses.

NAICOM office

The Court upheld the order against NAICOM in a suit that was filed by Guinea Insurance with suit No: FHC/ABJ/CS/151/2019. At the resumed hearing last week, Ebere Okonkwo, counsel to Guinea Insurance, informed the court that NAICOM did not appear in Court despite being served the motion on notice and a copy of the Court’s order dated February 8, 2019 restraining the Commission from taking any step whatsoever against Guinea Insurance concerning the “compliance with directives contained in the letter dated January 28, 2019”pending the hearing and determination of the motion on notice”

Police drag ex-gov’s aide, 2 others to court

The Court ordered parties to maintain status quo ante and consequently adjourned the suit to February 26, 2019 for further hearing of the motion on notice.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!