The National Insurance Commission, NAICOM, has constituted a seven-man interim Board of Directors to oversee the affairs of Goldlink Insurance Plc with effect from November 1, 2012.
In a statement signed by the Head of Corporate Communications of NAICOM, Mr. Lucky Fiakpa, the constitution of the interim board is sequel to the recent resignation of members of the board of directors of the company following anomalies/misstatements discovered in the audited financial statements of the company for the year ended December 31, 2011.
The interim board has been, among others, charged with the responsibility of carrying out full investigation of the financial reports and corporate governance failures observed in the course of reviewing the company?s financial statement for the year ending December 31, 2011.
The interim board, which shall be for six months in the first instance, has Mr. James O. Ayo, as Chairman, Mr. Gbolahan Olutayo, as Managing Director and Mr. Adeyinka Olutungase, as Chief Finance Officer.
Other members of the interim board include Ambassador Umar Damagun, Alhaji Sashe Dabana, Prof. Chioma Kanu Agomo and Mallam Abubakar Sadiq Mijinyawa (independent director).
It is important to note that this development does not any way affect the capacity of the company to provide dependable insurance services.
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Source: http://www.vanguardngr.com/2012/11/naicom-appoints-interim-management-for-goldlink-insurance/
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