NICON Directors Ordered to Disclose Assets | Nigeria News
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NICON Directors Ordered to Disclose Assets | Nigeria News
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Federal High Court in Abuja has ordered former NICON Insurance directors to account for all company assets and transactions over the past seven years, as the insurer faces liquidation. The court’s directive, issued after a petition by the liquidator, bars any unauthorized asset disposal and demands sworn, comprehensive disclosures of all bank accounts, investments, properties, debts, and financial records — a critical step to safeguard NICON’s remaining assets and restore integrity to Nigeria’s insurance sector.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://dailypost.ng/2026/09/16/court-orders-nicon-insurance-head-of-directors-to-give-seven-years-account-to-liquidator/
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