BY NKECHI NAECHE-ESEZOBOR—The Nigerian Council of Registered Insurance Brokers (NCRIB) has commended the progress made by Staco Insurance Plc in its ongoing recapitalisation efforts.
The President of the Council, Mrs Ekeoma Ezeibe, gave the commendation when the management team of Staco Insurance Plc, led by its Acting Managing Director, Mrs Nike Nihilola, paid a courtesy visit to the Council.
Mrs Ezeibe noted that the company’s steady progress and revival efforts ahead of the recapitalisation deadline have inspired confidence in its ability to meet regulatory requirements. She also expressed optimism in the capability of the current management team to successfully steer the process.
According to her, the recapitalisation exercise is strategic for members of the Council, as insights from the process will enable brokers to better advise their clients on the status and stability of insurance companies.
In her response, Mrs Nihilola appreciated the NCRIB for its continued support and reaffirmed that Staco Insurance Plc remains firmly on track to meet its recapitalisation target.
