Monday, 31 March 2014

NAICOM approves two firms' 2013 accounts out of three submitted




Chuks Udo Okonta

The National Insurance Commission (NAICOM) has approved the 2013 financial accounts of Custodian General and Life Insurance, while work is said to be in progress on that of Mansard Insurance Plc which is the third firm to have submitted.

According to the 2013 financial statements submission status, published today Monday by NAICOM, only the three firms have so far sent in their accounts. It is expected that more firms will follow suit as they claimed to have being putting finishing touches on their accounts.  

Operators have promised to remove the huddles that stemmed the approval of their 2012 accounts, some have even gone to change their auditors to enable them meet their International Financial Reporting Standard requirements.

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