Finance

AIICO responds to misleading allegation of breach of contract

AIICO responds to misleading allegation of breach of contract

AIICO Insurance Plc, said an  online media story titled, “Lagos lawyer drags AIICO Insurance Company to court over breach of contract,” is sensational and misleading.

An official statement from AIICO’s management, affirmed that the matter is in court and all the facts are out there.

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“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 fulfil his contractual obligations to the letter which failure actually undermines the purport of this insurance contract.

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“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.

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“Consequently, we refrain from making any public statements until the conclusion of the current judicial process, whereupon we will address the matter appropriately. We remain steadfast in upholding our commitment to transparency, integrity, and the principles of justice” AIICO assured.

Sunnews

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