Reject political pressure to overturn revocation of Nigeria Re-Insurance, NICON licences – Kari to Oyedele

The Minister of Finance, Taiwo Oyedele, has been urged to cull governmental involution implicit the revocation of the licences of Senator Jimoh Ibrahim’s Nigeria Reinsurance Corporation and NICON Insurance.

A erstwhile Managing Director of Nigerian National Reinsurance Corporation, Nigeria Re-Insurance and NICON Insurance, Mohammed Kari, made the telephone on Thursday.

Kari, who was besides a erstwhile commissioner astatine the National Insurance Commission, NAICOM, made this known successful a missive to Nigeria’s Finance Minister seen by DAILY POST on Thursday.

Recall that NAICOM had revoked the licence of Nigeria Re-Insurance and did not database NICON among the security firms that met the recapitalisation requirements successful enactment with the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

The regulator’s determination attracted stiff absorption from Nigeria Re and NICON, which dragged the committee to court.

Consequently, successful a missive dated August 6, 2026, and signed by the Permanent Secretary of the Ministry of Finance, Raymo...