We wish to inform the Exchange that Niger Insurance Plc upon a meeting scheduled by the National Insurance Commission (the "Commission") with the Board and Management Team of the Company on March 23, 2020, a regulatory order was issued on the Company.
Amongst other discussion made, the following are the orders issued on the Company:
1. That the Company shall not dispose any of its assets without written approval of the Commission;
2. That the Company shall submit to the Commission monthly report of its activities together with the monthly Management account; and
3. That the Management shall invite the Commission to attend all Board meetings of the Company as an observer.
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