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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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Nigeria, U.S. Inaugurates Defence Working Groups 

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Nigeria and the United States have inaugurated Defence Institutional Technical Working Groups to strengthen security cooperation and address terrorism and regional instability.

 

This was disclosed in a statement on Tuesday.

 

It said the inauguration, held under the 2026 Defence Cooperation Roadmap, was aimed at enhancing institutional capacity and improving joint efforts to tackle evolving security challenges.

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The head of the U.S. delegation, Cate Dave, said the initiative would support strategic planning and help deny terrorists safe havens.

 

He restated the importance of institutional development in achieving effective counterterrorism outcomes.

 

On his part, the leader of the Nigerian delegation, AVM Francis Edosa, described the partnership as critical to addressing security threats in Nigeria and the wider region.

 

Mr Edosa said the collaboration would focus on strengthening the Armed Forces of Nigeria’s warfighting capabilities and improving its responsiveness to security challenges.

 

He added that the initiative would help restore lasting peace and stability across the country.

 

Both sides underscored the need for practical outcomes, accountability and sustained collaboration to enhance security and regional stability.

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Family Holds 7th Day Remembrance for Late Hajiya Hajara Sulaiman

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Family members, friends, and well-wishers have gathered to mark the seventh-day remembrance (Fidau) of Hajiya Hajara Sulaiman, a revered matriarch who passed away at the age of 98.

 

The solemn occasion, held in accordance with Islamic tradition, was filled with prayers and reflections on a life described by loved ones as devoted, impactful, and deeply rooted in faith. Quoting the Qur’anic verse, “Kullu nafsin za’iqatul maut” (Every soul shall taste death — Qur’an 3:185), family members were reminded of the inevitability of death and the importance of a righteous life.

 

Late Hajiya Hajara Sulaiman was remembered as a pillar of strength within her family and community. Known for her patience, wisdom, and unwavering faith, she played a guiding role in the lives of many. Her teachings emphasized love, respect, and consciousness of Allah—values her family says will continue to shape future generations.

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Relatives described a profound sense of loss since her passing, noting that her absence has left a noticeable void in the home. Her voice, warmth, and presence, they said, are deeply missed. However, they also expressed gratitude for her long life and the peaceful manner in which she returned to her Creator.

 

She is survived by her children Ahmad Tijjani Inuwa, Bashir Muhammad Galadanchi, Ummukulsum Muhammad Inuwa, Imam Inuwa (Gwale), Sa’adatu Muhammad Inuwa, and Maimuna Muhammad Inuwa as well as numerous grandchildren and great-grandchildren.

 

During the remembrance, prayers were offered for her soul, asking Allah to forgive her shortcomings, grant her mercy, and admit her into Jannatul Firdaus. Among the supplications recited were: “Allahumma ighfir laha, warhamha, wa’afiha, wa’fu anha” (O Allah, forgive her, have mercy on her, grant her peace, and pardon her), and “Allahumma aj‘al qabraha rawdatan min riyadil jannah” (O Allah, make her grave a garden from the gardens of Paradise).

 

The family concluded the event with heartfelt prayers, expressing hope that her legacy of faith and kindness will endure. They affirmed that though she has passed on, her memory will continue to live in their hearts.

 

The statement was signed on behalf of the family by Imam Inuwa Gwale.

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Report: FCT Communities Decry Water Scarcity, Call for Intervention

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According to Daily Trust, residents of communities along the Airport Road corridor in the Federal Capital Territory (FCT) have raised alarm over persistent lack of access to potable water, describing the situation as a daily struggle.

 

Communities including Lugbe, Aco Estate, Goza, and Sauka say taps have remained dry for months, forcing households to depend on costly water vendors and unreliable boreholes while awaiting intervention from the FCT Water Board.

 

In Lugbe, one of the worst-hit areas, residents say they feel abandoned despite ongoing water projects across the capital.

Mrs. Grace Adebayo, a resident of Aco Estate, said her family now spends thousands of naira weekly on water.

“We are suffering in silence. The government keeps commissioning projects on television, but nothing is reaching us here,” she said.

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A youth leader in Goza, who spoke anonymously, warned that the crisis is fueling water-borne diseases.

“Our children are falling sick because we rely on shallow wells,” he said.

Another resident, Olugbenga Ajayi, decried failed borehole projects in the area. “Landlords keep digging boreholes without success. It’s a waste of money. We are suffering and need government help,” he said.

 

In Sauka, residents expressed frustration that despite water pipelines running through their community, supply has yet to be extended to their homes.

The residents are calling on the FCT Water Board to urgently expand water distribution to the Airport Road axis, noting that reliance on private vendors is unsustainable.

“We pay taxes and deserve basic amenities like those in the city centre,” a Lugbe resident said.

 

Their plight contrasts with recent high-profile water projects by the FCT Administration. In June 2025, President Bola Tinubu commissioned the $470 million Greater Abuja Water Supply Project, facilitated by FCT Minister Nyesom Wike, who has repeatedly pledged to end water scarcity.

 

The administration also flagged off the rehabilitation of the Phase II Water Treatment Plant at Lower Usman Dam and the N90 billion Bwari Township Water Supply Project, aimed at improving water access across the territory.

 

While authorities recently attributed citywide shortages to a damaged pipeline caused by a private developer, residents along Airport Road insist their communities have long been neglected.

 

They warned that without urgent intervention, the worsening water crisis could further threaten public health and livelihoods.

 

The newspaper said that efforts to reach the FCT waterboard authorities were unsuccessful.

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