WIRE — The National Insurance Commission, NAICOM, has revoked the operating licence of Nigeria Reinsurance Corporation, owned by billionaire businessman and politician, Senator Jimoh Ibrahim. NAICOM said the licence was withdrawn for failing to meet the statutory Minimum Capital Requirement, MCR. In a notice that surfaced onThursday, NAICOM urged the public to cease all transactions with the NAICOM revokes Jimoh Ibrahims Nigeria Reinsurance Corporation licence
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