AIICO Insurance PLC has denied media reports that it was dragged to court by one of its lawyer clients over an alleged breach of contract.
Mr Segun Olalandu, Head Strategic Marketing, and Communications Department, AIICO, said this in a statement in Lagos.
Olalandu described the alleged court story’s headline as sensational and misleading.
“Our attention was 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 fulfill his contractual obligations to the latter, which failure actually undermines the purport of this insurance contract,” he said.
According to him, AIICO as a responsible corporate entity, choose not to engage in any commentary regarding the ongoing legal case to enable the legal proceedings to follow its due course.
He noted that the insurer believed firmly in the country’s judicial system and its ability to determine the truth and dispense of the matter accordingly.
Olalandu stated that the insurance firm remained steadfast in upholding its commitment to transparency, integrity, and the principles of justice.
“Consequently, we refrain from making any public statements until the conclusion of the current judicial process, whereupon we will address the matter appropriately,” he said.
