Rejoinder to a False and Misleading Publication on the Recently Concluded Recapitalization Exercise

The attention of the National Insurance Commission (NAICOM) has been drawn to a publication titled “100 Billion Fraudulent Insurance Recapitalization: EFCC Detains NAICOM Director and Commissioner, Both on Bail”, published on 9 September 2026 being sponsored by the promoters of NICON Insurance Plc and Nigeria Reinsurance Corporation, both of which are currently under liquidation. …