AIICO Insurance Plc. has dismissed a recent report in the media alleging breach in remittance of pension assets to the Pension Transitional Arrangement Directorate (PTAD).
AIICO Insurance Plc, said that all pension assets due for remittance have been duly transferred to PTAD since the year 2017, in full compliance with the directive, Segun Olalandu, Head, Strategic Marketing & Communications Department, said in a statement.
“Both parties are presently engaged in a reconciliation exercise to conclude the process. We implore the public to disregard any information that may suggest otherwise as there are no basis to that effect.” the statement said.
AIICO Insurance Plc. is and remains a responsible corporate citizen of Nigeria and ensures best practice in all its business activities and operations in line with extant laws and regulatory provisions guiding its practice, the statement added.
AIICO Insurance is a leading composite insurer in Nigeria with a record of serving its customers that dates back over 50 years.
Founded in 1963, AIICO provides life and health insurance, general insurance and investment management services as a means to create and protect wealth for individuals, families and corporate customers.