All Pension Assets Due For Remittance Have Been Duly Transferred To PTAD – AIICO

By LOVETH AZODO, Lagos

The Management of AIICO Insurance has debunked a report alleging non-remittance of pension assets by the company to the Pension Transitional Arrangement Directorate (PTAD).

The Insurance firm refuted this claim in a statement signed by its Head, Strategic Marketing & Communications Department, Segun Olalandu.

According to the firm, all pension assets due for remittance have been duly transferred to PTAD since the year 2017, in full compliance with the directive.

The statement states “The attention of the Management of AIICO Insurance Plc. has been drawn to a recent report in the media on allegations of non-remittance of pension assets to the Pension Transitional Arrangement Directorate (PTAD).”

“AIICO Insurance Plc. hereby wishes to inform the public that all pension assets due for remittance have been duly transferred to PTAD since the year 2017, in full compliance with the directive. Both parties are presently engaged in a reconciliation exercise to conclude the process. We implore the public to disregard any information that may suggest otherwise as there are no basis to that effect.”

“AIICO Insurance Plc. is and remains a responsible corporate citizen of Nigeria and ensures best practice in all its business activities and operations in line with extant laws and regulatory provisions guiding its practice.”

“AIICO Insurance is a leading composite insurer in Nigeria with a record of serving our customers that dates back over 50 years. Founded in 1963, AIICO provides life and health insurance, general insurance and investment management services as a means to create and protect wealth for individuals, families and corporate customers,” he said.