The management of insurance company AIICO Insurance Plc. has refuted claims that it did not remit all pension assets to the Pension Transitional Arrangement Directorate (PTAD).
Recall that BizWatch Nigeria reported that some top insurance bosses, including AIICO, would face a Senate committee over the non-remittance of pension assets to PTAD.
In a press release issued by AIICO’s Head, Strategic Marketing & Communications Department, Segun Olalandu, the insurance firm said that it had transferred all due pension assets and that it remained compliant with the directive.
It said, “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.
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“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.”
