The Interim Management and Board (IMB) of African Alliance has commenced the payment of all genuine claims and annuities of about N780 million, in a bid to restore public confidence and reposition the company for sustained growth.
The latest development comes barely 30 days of the inauguration of the IMB by the Commissioner for Insurance (CFI) Olusegun Omosehin.
The effort underscores the company’s renewed commitment to upholding its core values of integrity, transparency, and customer-centricity.
The IMB said the new leadership of African Alliance has reiterated its resolve to address all outstanding claims swiftly, ensuring that policyholders and beneficiaries experience the reliability and trust that have been the hallmark of the African Alliance brand for decades.
Mr. Jacob Erhabor, Managing Director/Chief Executive of African Alliance, while speaking on this positive development, reiterated the company’s dedication to fulfilling its contractual obligations.
He said, “We are taking deliberate steps to ensure that all genuine claims are paid promptly in the new dispensation. This marks the beginning of a new era for African Alliance. We understand the importance of trust in the insurance industry, and we are fully committed to rebuilding confidence amongst our stakeholders.
“African Alliance will be great again. This initiative is part of a broader strategic plan to stabilise the company, strengthen its financial position, and enhance operational efficiency.”
READ ALSO: Labour Minister hails GIZ, NECA, others effort in combating unemployment
Mr. Erhabor informed that the management is implementing robust measures to verify and authenticate reported claims with a view to ensuring that only genuine claims are settled by the company.
He encouraged all policyholders and other stakeholders to remain confident in the brand as the new management and board work tirelessly to restore African Alliance to its rightful place of prominence and reliability in the Nigerian insurance ecosystem.
He restated that African Alliance remains steadfast in its mission to provide dependable insurance solutions that cater to the evolving needs of individuals groups and businesses, and with this renewed focus, he noted that the company is set to regain its rightful position as a leading player in the Nigerian insurance industry.
ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE
WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV
- Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?
- “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty
- Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship
- Police Overpower Armed Robbers in Ibadan After Fierce Struggle
