With recent conclusion of recapitalisation exercise in the insurance industry, NAICOM ‘s appointment of receivers and liquidators for the failed insurance firms has generated court actions against possible liquidation, writes Ebere Nwoji.

NAICOM has commenced the formal wind-up of NICON Insurance Limited, appointing a Receiver/Provisional Liquidator to manage assets and liabilities.

With recent conclusion of recapitalisation exercise in the insurance industry, NAICOM ‘s appointment of receivers and liquidators for the failed insurance firms has generated…