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IGI’s Historic Comeback: Accelerating Strategic Plan

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The Industrial and General Insurance (IGI) is set to reclaim its leadership position as Coopvest Limited acquired a substantial 40.7% interest, positioning the company to accelerate its 5-year strategic plan.
A historic Annual General Meeting for the acquisition will be held on March 1.
IGI’s Managing Director, Akinlolu Akinyele, in a statement signed by the company’s Head of Brand and Corporate Communications, Olufunmilayo Afolabi, said the private placement had succeeded in injecting capital into the business, thereby opening growth opportunities to the business and its numerous customers.
According to the statement, the strong relationship with the Cooperative Federation of Nigeria and its over 20 million members would also boost IGI’s transition and ecosystem. The new management, it said, has over 20 years of experience working across Africa in energy and life insurance, and is supported by a strong board, one of whom is Tajudeen Ayeola, the CFN President.
He said, ‘’ We’re regulated by the National Insurance Commission and the Security and Exchange Commission. We were very mindful of all guidelines and processes, which we followed to the letter.
“We’re on top of the legal actions challenging the Annual General Meeting and acquisition of 40.7% shares by Coopvest Limited. Due process was carried out on this new step because IGI respects the government and regulatory guidelines. Fortunately, the court has nullified the order of interlocutory injunction restraining us from holding our AGM because the petitioners failed to satisfy all requirements.
“At the Annual General Meeting of December 8, 2022, shareholders approved the conversation for IGI and Coopvest. The management team followed through the process, registrars were appointed, and due notifications were sent to shareholders for approval and offering of pre-emptive rights.
“What is left is ratification of approval. Once that is done, the entire process is completed.”
On current claims of customers and the future of IGI, the Managing Director stated that the ongoing payment would be extended to all, stressing that internal processes and technology are being improved to measure up to contemporary standards.
“The future is very bright for IGI. For customers, it means a good time ahead. I want to assure customers that all claims will be completed. Some are due and those payments are ongoing. We have been receiving commendations from customers who received payment last month.
“Internal processes and technology are being improved to measure up to contemporary standards, making it more comfortable for customers to reach us, buy our products, and process claims faster from the comfort of their homes and offices,” Akinyele assured.
Incorporated as a Private Limited Liability Company in 1991, IGI thereafter re-registered as a Public Limited Liability Company in 2007. The company started as a composite insurer to transact the business of Life and General Insurance, including Pensions and Special Risks. It subsequently established a reputation for exceptional competence and became the preferred insurer for individual and corporate clients.

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Governor Yusuf Sacks Sagagi as Kano Commissioner Of Commerce

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Kano State Governor, Alhaji Abba Kabir Yusuf, has relieved Alhaji Shehu Wada Sagagi of his appointment as Commissioner for Investment, Commerce and Industry with immediate effect.

This was contained in a statement signed by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, on Thursday.

According to the statement, the former Commissioner is directed to hand over the affairs of the ministry to the Director Commerce with immediate effect.

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Governor Yusuf expressed appreciation for the services rendered by the former commissioner during his tenure.

He acknowledged Sagagi’s contributions to the development of the state, particularly in the areas of politics, religion, small and medium enterprises.

The Governor wished him success in his future endeavours as he reassured the public of his administration’s continued commitment to efficient service delivery and good governance in the state.

This decision is part of the ongoing strategic realighment of government structures for systematic growth and sustainable development.

 

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Terrorist Logistics Suppliers Apprehended in Borno

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By Yusuf Danjuma Yunusa

 

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

Troops of Operation Hadin Kai, OPHK, have apprehended 18 suspected logistics suppliers allegedly enroute Gubio, with plans to proceed to the Gudumbali axis, a known Boko Haram terrorists, BHTs, enclave.

This is contained in a daily operational report made available to the News Agency of Nigeria on Wednesday.

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The military said the suspects were intercepted while travelling towards the location to deliver the goods to the terrorists.

According to the report, preliminary investigation revealed that all 18 suspects confessed to engaging in the supply of goods to the terrorist group.

“They admitted that they routinely purchase and convey items to the terrorists.

“Their justification was lack of employment, which points to a deeper socio-economic challenge in Maiduguri and its environs,” the army said.

The development, according to the reportt, validates recent remarks by the Chief of Defence Staff on the link between economic hardship and the sustenance of insurgency logistics networks.

“The arrest highlights the critical role of civilian collaborators in sustaining terrorist operations, particularly in remote areas such as Gubio and Gudumbali,” it added.

The army called for a comprehensive approach combining military operations with economic empowerment and job creation to address the root causes of insurgency in the region.

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Kano Gov’t  Offers Study Scholarship to SWAN Members

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By Abdulgafar Oladimeji

Kano state government has  facilitated and supported   members of the Sports Writers Association of Nigeria, SWAN Kano chapter  to proceed to pursue professional certification courses  in sports journalism, our correspondent reports .

The Special  Adviser , youths and sports to Kano state governor, Sani Musa Danja, disclosed that the offer covers their tuition fees.

He said ,   the beneficiaries  have been identified and their enrolment process have been completed.

According to him,  through interactions with stakeholders , the decision was reached for  some sports writers, who  are faced with the challenge of acquiring the required professional qualification to practice their trade should be given support to fill the gap.

said, findings have revealed that , for Kano sports writers to compete favorably there exists the urgent need to empower members of the association  to acquire certain requisite qualification to enable them feature amongst the best in Nigeria and beyond.

Danja speaking, when he hosted SWAN members in his  office , located within the premises of Kano state Library Complex, along Ahmadu Bello Way said that  the state government, under Abba Kabir Yusuf ,  on discovering this major   challenge , acted swiftly to address the lapses, by offering  to sponsor 10 SWAN  members to pursue professional diploma in Sports Journalism at El Roi London University.

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In his word  “ we give thanks to almighty Allah for his mercies, I want to thank our mentor and leader, his excellency governor, Abba Kabiru Yusuf , who made this possible.

“his excellency takes the issue of empowering our people very seriously, the challenge facing our sports journalists is principally the issue of professional certification, some of our sports journalists have their degrees in other fields, but we are aware that, they also require to obtain certain  minimum qualification in journalism or other related fields to help them to excel .

“in line with the policy of the government of his excellency, we have moved in to make sure , these sons and daughter of Kano overcome  this hinderance that may hinder their professional progress.

“the sports media is the back bone of sports development and sports promotion, our government is focused and committed to  support and reshape the sports media to achieve the set out goal to empower Kano youths through sports.

“the mission  of his excellency through this gesture is   to empower our professional sports journalists and give them the required qualification to continue with their pursuit to upward steadily representation of  Kano state in that sector.

 

Danja hinted that,  Kano state government remains unrepentant  in its  upward investment drive to create a generation  of professionals that  would keep the state afloat on the terrain of quality and abundance human resources.

Reacting, chairman SWAN Kano chapter, comrade Zahradeen Saleh thanked the state government for the support.

He said, the scholarship offer is an major step towards uplifting the practice of sports journalism in the state.

He said the dividends of sports could only  accrue with the effective operations of the sporting press through the training and re-training of sports writers.

He admitted that, acquiring the requisite qualification to practice  sports journalism has been one of the major challenges confronting members of the association.

“ our members  who are the beneficiaries of this offer are  youths, on completion of the professional course, they will have stable professional growth and  would be better equipped to contribute their quota to the development of the state.” Zahradeen said .

 

 

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