PTAD gives a Certificate of Non-Indebtedness to AIICO Insurance Plc

The Pension Transitional Arrangement Directorate (PTAD) has given a Certificate of Non-Indebtedness to AIICO Insurance Plc.
With this development, the certificate clears the underwriter of any claim of non-remittance of pension assets.
The confirmation was made at a meeting held to hand over redeemed properties ceded by the company in 2017 in lieu of legacy funds and assets of pensioners to PTAD.
This process follows a confirmation of receipt of the full payment from AIICO and completing all reconciliation.
The Executive Secretary, PTAD, Mrs. Chioma Ejikeme, represented by Godwin Iheabunike, said: “In acknowledgement of the payments made by AIICO Insurance Plc, PTAD has issued a Certificate of Non-Indebtedness to AIICO Insurance Plc and will update relevant institutions of this development soon.
She added: “We thank AIICO Insurance Plc for her commitment towards the liquidation of this liability within the shortest period of time. My congratulations go to the MD/CEO and his team for this uncommon accomplishment. I call on other insurance underwriters holding on to legacy funds and assets to do the needful as a matter of urgency. This will enable the Directorate to meet its obligation to pensioners.”
The Managing Director, AIICO Insurance, Mr Babatunde Fajemirokun, lauded the PTAD leadership for partnering  AIICO team.