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Guinea Insurance Vs NAICOM: Court Upholds Order against NAICOM - The Revealer
Insurance

Guinea Insurance Vs NAICOM: Court Upholds Order against NAICOM

A Federal High Court sitting in Abuja had on Monday, February 18, 2019 further upheld an earlier granted order restraining the National Insurance Commission (NAICOM) from suspending Guinea Insurance Plc from underwriting new insurance businesses; in a suit that was filed by Guinea Insurance with suit No: FHC/ABJ/CS/151/2019 against NAICOM on February 6, 2019.

At the resumed hearing on Monday, Ebere Okonkwo, counsel to Guinea Insurance PLC, informed the court that the Commission 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”

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.

 

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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