This comes as the management team led by Adebayo Somefun insists that it received necessary approvals for its training programmes and the procurement of goods and services.
He stated that the suspended management grew investment to about N9 billion within three years from N600 million it met in May 2017. He added that the investment now yields about two billion to the fund annually. Ngige also charged the panel to make appropriate recommendations on how to restructure the affected department and disciplinary actions for all found culpable after the investigation.
Source: Insurance Report (insurancereport.net)
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