By Ginika Okoye
Shareholders of Veritas Kapital Assurance Plc, have elected the former Executive Vice Chairman of FCCPC, Mr Babatunde Irukera, as the Chairman, Board of Directors of the company.
Irukera’s election followed a unanimous decision by the shareholders at the Federal Competition and Consumer Protection Commission’s (FCCPC) 48th Annual General Meeting (AGM) in Abuja on Friday.
Addressing some issues raised by the shareholders, Irukera assured them that his leadership would ensure they were treated equally and fairly.
On recapitalisation of the insurance industry, Irukera said the move was to make the industry more vibrant.
He said that the company would scrutinise the recapitalisation process with a view to ensuring that its shareholders were not disadvantaged.
On the payment of dividends, Irukera assured shareholders that the new management of the company would ensure the prompt payment of their dividends.
According to him, even prior to recapitalisation, we have been on high speed train to pay dividends.
”We are working up to the point that you will receive your dividends,” Irukera said.
Earlier, some shareholders commended the representation of women in the board and management of the company.
They also appealed to the company to ensure timely conduct of their AGM for prompt service delivery.
The News Agency of Nigeria reports that Veritas Kapital Assurance Plc is one of the leading insurance companies formerly known as UnityKapital Assurance Plc.
The company offers non-life Insurance products and services to individuals and institutions across Nigeria.(NAN)
Edited by Ese E. Ekama-Williams
