Standard Alliance Insurance Plc recently held its Annual General Meeting, the first in the last four years. The financial reports received at the AGM were that of FY 2017 and 2018, bringing up the million-dollar question; what is going on with this underwriter?
Nairametrics Company of the Week focuses on the 39-year-old highly ranked insurance company, its past achievements, and current realities.
Almost 40 years ago, the company was incorporated in July 1981 as a Private Limited Liability Company. At this time, it was known as Jubilee Insurance Company Limited until August 1996 when it became Standard Alliance Insurance Company Limited.
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Are you aware that people’s money are being stocks with standard alliance? What is that they could not address it?
The owner of the company, Olorogun Otega Emerhor used the company’s money to play politics. They became insolvent and couldnt meet up with financial obligations. Brokers stopped giving them business because of this.