The Management of AIICO Insurance Plc. has refuted a recent report in the media concerning a suit filed by a Lagos-based legal practitioner accusing the company of breach of contract.
A statement issued by the Management urged the public to ignore the publication, stressing that the company remains steadfast in upholding transparency, integrity, and the principles of justice.
In the said report, the lawyer had alleged that AIICO refused to pay his insurance policy entitlement, and thus breached the insurance contract between them.
He also alleged that the Insurance company refused to respond to his letter.
But, AIICO in its statement said, "Our attention has been drawn to a widely circulating story on some online media with the headline 'Lagos lawyer drags AIICO Insurance company to court over breach of contract,' which we find to be sensational and misleading.
"It is important to clarify that the headline implies that AIICO Insurance breached the contract with its client, whereas the reality is that the client failed to fulfil his contractual obligations to the letter which failure undermines the purport of this Insurance Contract.
"As a responsible corporate entity, we choose not to engage in any commentary regarding the ongoing legal case, allowing the legal proceedings to follow its due course.
"We firmly believe in the judicial system and its ability to determine the truth and dispense of the matter accordingly.
"Consequently, we refrain from making any public statements until the conclusion of the current judicial process, whereupon we will address the matter appropriately.
"We remain steadfast in upholding our commitment to transparency, integrity, and the principles of justice".
It would be recalled that a Lagos-based legal practitioner, Chief Abdullai Tony Dania had slammed N12,987,343.42 suit on AIICO over alleged breach of contract.
According to a further and better affidavit sworn to by the Litigation Manager, Mr Abimbola Mayowa, the plaintiff entered into an insurance policy contract with AIICO in 2007, with policy No. 12028081.
The affidavit stated that the plaintiff kept to his side of the contract and made financial deposits to the Insurance company periodically, though he missed some years when he was on admission at Igbobi Orthopedic Hospital after surviving a fatal motor accident.
As agreed, according to the affidavit, the plaintiff ought to be paid the sum of N1,987,343.42 by the defendant on the maturity date of April 24, 2022.
The affidavit further revealed that the plaintiff wrote a letter dated 28/03/2022 upon suspicion of alleged fraudulent acts in their relationship either on the part of the defendant or her agents or intermediaries, requesting to be furnished with a full Statement of Account and a proper update on his policy no. 12028081.
The defendant in its response to the letter in question dated April 11, 2022, stated that receipts of payments were wrongly posted to one of Mr Dania Tony Abdullai’s mature policies which caused variation in the assumed calculation of the surrendered benefit given on the stated policy.
All rights reserved. This material and other digital volumes on this website, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without prior express written permission from THE NEWS ACCELERATOR NETWORK.
For advert placement, please contact thenewsacceleratornetwork@gmail.com or 08033599492.
إرسال تعليق