Case Law
NAICOM Revokes Nigeria Reinsurance's Licence, Appoints Muiz Banire as Receiver/Liquidator
Nigeria·Vanguard Nigeria·⏱️ 1 min readWire Summary
By Innocent Anaba The National Insurance Commission, NAICOM, has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory Minimum Capital Requirement, MCR, and appointed Dr. Muiz Banire, SAN, as Receiver/Provisional Liquidator to wind up the company’s affairs.The appointment took effect on August 3, 2026, following the cancellation of the […] The post NAICOM revokes Nigeria Reinsurance’s licence, appoints Muiz Banire as receiver/liquidator appeared first on Vanguard News.
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