Submission of financial accounts Deadline sacrosanct – NAICOM

For more news updates visit

NAICOM issues new capital requirements for the Insurance Industry

FINANCIAL WATCH: Submission of financial accounts Deadline sacrosanct – NAICOM – THE National Insurance Commission (NAICOM) has restated the June 30 deadline for the submission of the 2017 financial accounts by insurance companies to the commission.

Mr Rasaaq Salami, NAICOM’s Head of Corporate Affairs, said this in a statement in Abuja on Tuesday.

Salami, however, noted that no insurance company could be said to have defaulted till after the deadline.

He said the statement was informed by speculations that the commission had sanctioned 14 insurance companies for failure to submit their 2017 financial reports.

“ The commission is shocked at this display of ignorance and total lack of knowledge by these media.

“NAICOM, hereby, states that it has not sanctioned any insurance company for failure to submit its 2017 accounts as claimed in the said reports.

“Please note that the deadline for submission of financial reports by insurance companies to the commission is June 30.

“Thus, no insurance company could be said to be in default when the year is still in April, ” he said.

Salami urged journalists to seek clarifications on issues before publishing in order not to mislead the public.

Do you need high paying jobs in Nigeria? If yes Submit your CV here and stand a chance of landing your dream job!

Download all job past questions & answers here to get ahead of others in getting that your dream job – Download here now!

About Rita Fredrick 77 Articles
Rita Frederick is a Graduate of mass communication from Michael Okpara University, Umudike. She is a career prose fiction writer with over three years’ experience in interpretative writing. She currently writes for this prestigious website and she does her job well by giving more insight to stories through her interpretative masterpieces. She can be contacted through her mobile line - +2347083600247

Be the first to comment

Leave a Reply

Your email address will not be published.