Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Lagos-Based Lawyer, Gabriel Uduafi Raises Alarm Over Attack On His Edo Home
    • 44-Year-Old Wasiu Akinwande: Lagos Police Arrest Mushin’s Alleged Most Wanted Notorious, Vicious Killer
    • Oto Edet: Jailed For Life For Having Sex With Neighbour’s 9-Year-Old Daughter
    • Alleged Sexual Offence, Reprieve As Court Discharges Guardian 6 Years Later
    • 800 Grams Of Tramadol: Man Sentenced To 2 Years Imprisonment For Attempting To Export
    • Bricklayer Bags Life Imprisonment For Having Sex With 8-Year-Old Neighbour’s Daughter
    • EFCC Scandal: SunTrust Bank Executives Face $12M Alleged Laundering Charge Now
    • NAJUC Ikeja Elects New Executive Officers, Pledges Transparent Leadership
    • Home
    • About Us
    • Contact us
    Casefile NigeriaCasefile Nigeria
    Subscribe
    Sunday, June 22
    • Home
    • Human Rights
    • Politics
    • The Judiciary
      • From The Court
    • Health
    • Sport
    • Opinion
    • Entertainment
    Home»Business

    AIICO Insurance Responds To Misleading Allegations of Breach Of Contract

    Funke BusariBy Funke BusariJune 2, 2023 Business No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Our attention has been drawn to a widely circulating story on some online media platforms, 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 letter which failure undermines the purport of this Insurance Contract.

    As a responsible corporate entity, we choose not to engage in any commentary regarding the ongoing legal case, allowing the legal proceedings to follow its due course.

    We firmly believe in the judicial system and its ability to determine the truth and dispense of the matter accordingly.

    Consequently, we refrain from making any public statements until the conclusion of the current judicial process to avoid subjudice, whereupon we will address the matter appropriately.

    We remain steadfast in upholding our commitment to transparency, integrity, and the principles of justice.

    It would be recalled that a Lagos-based legal practitioner, Chief Abdullai Tony Dania has slammed N12,987,343.42 suit on AIICO Insurance company over alleged breach of contract.

    According to a further and better affidavit sworn to by the Litigation Manager, Mr. Abimbola Mayowa in the office of Chief Abdullai Tony Dania’s counsel.

    Plaintiff entered into an insurance policy contract with AIICO in the year 2007, with policy No. 12028081.

    The Plaintiff kept to his side of the contract and made financial deposits to the Insurance company periodically though he missed some years when he was on admission at Igbobi Orthopedic Hospital after surviving a fatal motor accident. As agreed he ought to be paid the sum of N1,987,343.42 by Defendant, on the maturity date 24th April 2022.

    He wrote a letter dated 28/03/2022 upon suspicion of fraudulent acts in their relationship either on the part of the Defendant or her Agents or intermediaries, requesting to be furnished with a full Statement of Account and a proper update on his policy no. 12028081.

    Defendant responded to the letter under reference above vide their letter dated 11/04/22 and stated that receipts of payments were wrongly posted to one of Mr. Dania Tony Abdullai’s mature policies which caused variation in the assumed calculation of the surrender benefit given on the stated policy, has been collected.

    It is a point of note that the plaintiff in the suit admitted to the fact that he defaulted in his contractual obligations when he admitted that he failed to make a financial contribution to the insurance company when he was sick.

    While awaiting the court to give judgment over the dispute on July 6, 2023, the plaintiff took his matter to the court of public opinion to get sympathy in the face of justice.

    AIICO AIICO Insurance Chief Abdullai Tony Dania Igbobi Orthopedic Hospital Mr. Abimbola Mayowa
    Funke Busari

    Keep Reading

    Associates Absolve Achimugu Of Any Wrongdoing

    Wema Bank Unveils 80th Anniversary Identity

    CREDICORP Kicks Off SCALE Programme, Channeling Consumer Credit Beneficiaries To Local Vendors And Manufacturers

    Wema Bank Honoured at Global Retail Banking Innovation Awards 2024

    Wema Bank Releases Q3 2024 Unaudited Results

    Wema Bank Launches #MyTeacherMyHero Challenge To Celebrate Exceptional Educators In Nigeria

    Add A Comment
    Leave A Reply Cancel Reply

    • EDITORS PICKS

    Lagos-Based Lawyer, Gabriel Uduafi Raises Alarm Over Attack On His Edo Home

    June 21, 2025

    44-Year-Old Wasiu Akinwande: Lagos Police Arrest Mushin’s Alleged Most Wanted Notorious, Vicious Killer

    June 21, 2025

    Oto Edet: Jailed For Life For Having Sex With Neighbour’s 9-Year-Old Daughter

    June 17, 2025

    800 Grams Of Tramadol: Man Sentenced To 2 Years Imprisonment For Attempting To Export

    June 16, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    EPOST

    44-Year-Old Wasiu Akinwande: Lagos Police Arrest Mushin’s Alleged Most Wanted Notorious, Vicious Killer

    June 21, 2025

    Oto Edet: Jailed For Life For Having Sex With Neighbour’s 9-Year-Old Daughter

    June 17, 2025

    Alleged Sexual Offence, Reprieve As Court Discharges Guardian 6 Years Later

    June 17, 2025

    Type above and press Enter to search. Press Esc to cancel.