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Companies House International Nigeria

Nigerian insurers face stiffer non-compliance sanctions

  • News

Insurers in Nigeria are now liable for a fine of NGN500,000 ($3,200) if they provide insurance cover without collecting a premium, Commissioner for Insurance Fola Daniel has said in a memo issued to the industry.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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