Nigeria. ‘First Guarantee Pension Board is Ready to Resume Business’
The Board and Management of First Guarantee Pension Limited, one of the licensed Pension Fund Administrators (PFAs) in Nigeria, said owners of the company are ready to resume normal business operations, six years after suspension of the company’s former board and management by the insurance sector regulator, the National Pension Commission (PenCom).
Vice Chairman of the company, Nze Chidi Duru, who stated this during a courtesy visit to THISDAY Newspapers, said that the board is ready to take back the company and hand it over to its owners.
“We are looking forward to resuming in First Guarantee Pension to take back our business and hand back the business to the directors and shareholders of the company,” he said.
Duru, who condemned what he described as series of endless litigations against his person and board of First Guarantee Pension by PenCom, said the charges against the company had been nullified by the court.
He said the court affirmed that the multiplicity of charges against the management and board of First Guarantee Pension and the effort to have the board of the company suspended was deliberate.
Full Content: This Day Live
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