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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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Former Defence Minister General Abbe Passes On At 75

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Former Military Governor of Rivers and Akwa Ibom States, Major General Godwin Osagie Abbe, has passed away. He was 75.

Abbe served as the Military Governor of both Akwa Ibom State from 1988 to 1990, and River State from 1990 to 1992. He also held the position of Minister of Interior under President Umaru Yar’Adua’s administration where he was later redeployed to the ministry of defence

He died in Abuja on Saturday after a long illness.

His academic achievements include a Postgraduate Diploma in International Relations from Obafemi Awolowo University and attendance at the United States Army Infantry School, the Ghana Armed Forces Staff College, and the National Institute for Policy and Strategic Studies.

He rose through the ranks to become the General Officer Commanding of the 2 Division of the Nigerian Army, and commanded both the Training and Doctrine Command and the National War College.

Abbe retired in 1999 at the rank of Major General and subsequently joined the Peoples Democratic Party (PDP).

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World Bank Project in Kano Trains 1,000 Healthcare Personnel to Combat Malnutrition

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Dr Umar Yahuza addressing news men

 

Dr. Umar Yahuza, the Project Coordinator for the World Bank-assisted initiative in Kano, known as Accelerating Nutrition Results in Nigeria (ANRiN), has announced the training of 1,000 healthcare personnel in a bid to provide preventive nutrition services to pregnant and lactating mothers.

During a workshop held for the training of healthcare workers, Dr. Yahuza addressed newsmen, highlighting the significance of the ANRiN project, which is funded by the World Bank. He explained that the project aims to change behavior from the grassroots and reverse the negative trends of malnutrition.

Kano State has made significant progress in reducing severe stunting by 9 percent, a notable achievement that underscores the need for continued improvement. Dr. Yahuza emphasized that the N774 being used to train frontline healthcare workers was initially unstructured.

The journey began with MYCN facilitators in Kano and Lagos, followed by the training of a critical mass of facilitators. Subsequently, 120 healthcare professionals from various health facilities in Kano, including medical doctors and dieticians, were trained.

Currently, training is underway for 484 apex healthcare facilities in Kano. The training is being conducted at eight different points, with 60 healthcare workers being trained at each location, totaling 1,000 trained healthcare personnel under the MYCN initiative.

Dr. Yahuza expressed optimism about seeing an end to malnutrition in the region. He stated, “We are near to seeing an end to malnutrition. We are not late.”

One of the beneficiaries, Rahinatu Ado Ibrahim, shared her experience, saying, “We received capacity building, and there are available resources.”

The ANRiN project is designed to provide comprehensive support to healthcare workers, equipping them with the necessary skills and knowledge to address malnutrition effectively. With continued efforts and collaboration, the project aims to improve the overall health and well-being of the population in Kano State.

 

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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution

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Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.

The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.

The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.

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