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LequteMan
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Nicon Insurance Ltd in a bid to meet financial obligations and regain its lost position has decided to sell some of its assets worth N20 billion, ThisDay reports.
According to Managing Director of the company, Mr. Bayode Samuel the company would dispose of N10billion worth of assets between now and December this year while the remaining ones would be sold later.
He said the proceed would be used to meet some of the company's obligations such as payment of outstanding claims to its clients ahead of regulator's deadline of September 30th and payment of commission to brokers.
He said the company currently has outstanding claims of N466 million.
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According to Managing Director of the company, Mr. Bayode Samuel the company would dispose of N10billion worth of assets between now and December this year while the remaining ones would be sold later.
He said the proceed would be used to meet some of the company's obligations such as payment of outstanding claims to its clients ahead of regulator's deadline of September 30th and payment of commission to brokers.
He said the company currently has outstanding claims of N466 million.
Click here to read full story