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NAICOM sacks African Alliance Insurance board for failure to meet annuitants’ payment

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Appoints new management- The National Insurance Commission (NAICOM) has sacked the board and management of African Alliance Insurance Plc. for failure to meet the obligations of annuitants and policyholders. The Commissioner for Insurance, Segun Omosehin, who disclosed this, yesterday, during a media briefing in Lagos, said that NAICOM, in exercising its regulatory powers as the primary regulator of the insurance sector, had taken over the board and management of African Alliance Insurance Plc., effective today, October 30, 2024.....KINDLY READ THE FULL STORY HERE▶

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This decision, according to him, follows extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating safely and soundly that has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants.

Meanwhile, the commission has appointed an interim management board to manage the affairs of the insurance firm.

The composition of the interim board includes Dr Haruna Mustapha as Chairman, Jacob Erhabor (MD/CEO), Wasiu Amao (Executive Director, Technical), Oremeyi Longe (Executive Director, Finance) Anthony Achebe (Non-Executive) and Halimatu M. Khabeeb (Non-Executive Director).

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The interim management board, according to the Commission, will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.

The commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.

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2.2 Million Candidates Sit for 2026 UTME Nationwide.

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The 2026 Unified Tertiary Matriculation Examination (UTME) began nationwide on Thursday, with over 2.2 million candidates expected to participate across accredited centres.....KINDLY READ THE FULL STORY HERE▶

The exam, conducted by the Joint Admissions and Matriculation Board (JAMB), will run from April 16 to April 22 in multiple daily sessions.

JAMB Registrar, Prof. Is-haq Oloyede, urged examination officials to remain highly committed and professional, noting that the success of the exercise depends largely on their dedication.

He gave the charge during a virtual final briefing for technical officers ahead of the examination, where he also praised staff, ad hoc personnel, service providers, and technical advisers for their roles in the successful conduct of the mock exam.

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Oloyede said many of the issues recorded during the mock exercise were due to poor assessment of centres by some technical officials.

He further stated that incentive packages would be awarded to teams that perform exceptionally, particularly in handling exam materials and submitting timely reports.

Reiterating JAMB’s zero-tolerance stance on malpractice, he warned candidates against bringing prohibited items into examination halls.

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He also disclosed that biometric verification and real-time monitoring systems have been deployed to protect the integrity of the exercise.

Candidates whose biometrics cannot be verified, he added, will be rescheduled to write the exam at approved centres.

Meanwhile, a NAN correspondent monitoring proceedings at Aduvie International School, Jahi, reported that the first session scheduled for 8:30 a.m. began slightly behind schedule at about 8:40 a.m.

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FCT CP Inspects Security At JAMB Centres In Abuja Photos.

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The Commissioner of Police for the Federal Capital Territory (FCT), CP Ahmed Muhammed Sanusi, on Thursday inspected security deployments at Joint Admissions and Matriculation Board (JAMB) Computer-Based Test (CBT) centres across Abuja.....KINDLY READ THE FULL STORY HERE▶

According to the FCT Police Command spokesperson, SP Josephine Adeh, the inspection is part of proactive measures to ensure a smooth, peaceful, and hitch-free conduct of the ongoing examinations.

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The UTME is scheduled to run nationwide from April 16 to 18, 2026.

During the exercise, CP Sanusi assessed security arrangements put in place to safeguard candidates, examination officials, and CBT facilities.

He also engaged with centre supervisors, assuring them of adequate security presence throughout the examination period.

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Adeh added that the CP reaffirmed the command’s commitment to maintaining law and order, warning that any attempt to disrupt the examinations would be met with decisive action in line with the law.

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Over 700 Repentant Terrorists Set For Reintegration – Gen. Ali.

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Over 700 former terrorists who have undergone deradicalisation and rehabilitation are set to be reintegrated into their communities.....KINDLY READ THE FULL STORY HERE▶

The Nigerian military has also dismissed reports alleging that beneficiaries of Operation Safe Corridor are being recruited into military institutions.

According to African Independent Television, the Coordinator of Operation Safe Corridor, Brigadier-General Yusuf Ali, made this known during a media tour of the Deradicalisation, Rehabilitation and Reintegration Centre in Gombe, North-East Nigeria.

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He said many Nigerians still misunderstand the Federal Government’s structured counter-terrorism initiative, which is designed to restore peace in communities affected by insurgency.

Brigadier-General Ali explained that the programme focuses on rehabilitation and peaceful reintegration of repentant individuals into society.

During the tour, some of the participants also shared accounts of their involvement in offences that led to their admission into the programme.

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The facility inspection was part of preparations for the graduation of over 700 clients who have completed the deradicalisation and rehabilitation process and are set for reintegration.

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