Ndubuisi Francis in Abuja
The National Insurance Commission (NAICOM) has approved the new boards and managements of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re).
That was as Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, lamented what he described as the decay at NICON insurance, saying the company is one of the few bad cases of privatisation in the country.
Head, Corporate Communications Department, Asset Management Corporation of Nigeria (AMCON), Jude Nwauzor, disclosed the approval to the change of NICON Insurance and Nigeria Reinsurance boards in a statement. The statement said the changes were to enhance the smooth running, efficient and effective management of the two firms.