By Ogochukwu Isioma
The Interim Management Board of African Alliance Insurance Plc has strongly refuted online reports alleging plans by the company to purchase three SUVs as official vehicles for its management team.
In a press statement issued on Wednesday, and made available to METROWATCH, the company dismissed these claims as “false, mischievous, and a figment of the imagination of the authors.”
African Alliance, therefore, urged stakeholders and the general public to disregard the publication in its entirety, emphasizing that such reports are “misleading” and “unfounded.”
“Since its appointment by the National Insurance Commission (NAICOM) on October 30, 2024, the Interim Management/Board (IMB) of the Company has been working assiduously to turn around the fortunes of the Company and address the myriad of legacy issues and challenges they inherited,” the statement added.
“Key priorities and steps taken in this regard include unlocking liquidity, settlement of outstanding claims to annuitants and policyholders, regulatory compliance, restoration of customer confidence, addressing staff matters, and growing the business for long-term profitability and sustainability.”
Reaffirming its dedication to strengthening African Alliance as a trusted insurance brand in Nigeria, the management reaffirmed its commitment to strategic objectives, saying it will not be distracted by “baseless reports.”
The company also urged the media to verify information and cross-check their facts before publishing stories on African Alliance Insurance Plc, calling for responsible journalism to prevent the spread of misinformation.
“The IMB is fully committed to rebuilding and re-positioning the Company as a trusted and strong insurance brand in Nigeria consistent with the mandate set by NAICOM.
“The IMB remains focused on achieving these strategic objectives and will not be distracted by baseless publications and the antics of mischief makers.
“Members of the media are advised to cross-check their facts before publishing stories on the Company,” IMB insisted, directing the public to contact its Corporate Communications Department “for further inquiries.”