Following its expulsion from the Nigerian Insurers Association (NIA), Standard Alliance Insurance Plc has demanded N10 billion from the body as damages to its reputation, resulting from malicious publications by the association. The underwriting firm stated this in a letter addressed to NIA and dated Monday, July 5, 2021. The letter signed by its lawyer, Ebun-Olu Adegboruwa (SAN), and addressed to the Director-General of NIA, Mrs. Yetunde Ilori, alleged circumvention of the right to fair hearing as guaranteed by the 1999 Constitution. The same is to be published with an unconditional apology in all the national newspapers wherein it was advertised, with similar or greater prominence. x“In addition, the firm demands from the Association, the payment of N10, billion naira only) as damages for loss of its reputation resulting from the malicious publication,” the lawyer wrote.

Source: The Guardian July 19, 2021 03:16 UTC