• Reps uncover N640m paid to unlicensed insurance brokers

    Reps uncover N640m paid to unlicensed insurance brokers

    It was gathered that the House of Representatives ad-hoc committee investigating the return on premiums paid to government officials by insurance companies has uncovered N640 million paid as commission to two unlicensed brokers.

    The payment was made by insurance companies that provided services to some Ministries Department and Agencies (MDAs).

    The unlicensed brokers are Chrome Insurance and Standard Insurance Consultant.

    Speaking at the resumed hearing of the committee at the weekend, Committee Chairman Hon. Adekunle Akinlade said documents presented to the committee revealed […]