The National Insurance Commission (NAICOM) has notified the general public of the cancellation of the operational licence issued to UNIC Insurance Plc with effect from March 25.
NAICOM stated that the decision was in exercise of the powers conferred on it by enabling laws.
The commission explained that it had appointed Hadiza Baba Gimba as the Receiver/Liquidator of the company.
“The public/policy holders are by this notice required to direct all enquiries and correspondence regarding UNIC Insurance to the receiver/liquidator.
“The receiver/liquidator will be dealing with the company’s liabilities in accordance with the provision of Insurance Act 2003,” NAICOM stated.