• Friday, May 24, 2024
businessday logo

BusinessDay

Godlink Insurance sets machinery to meet future regulatory requirements

businessday-icon

Management of Goldlink Insurance plc said it has put strategies in place to ensure that it meets all regulatory requirements now and in the future. This development they said would not only impact positively on the company’s operations, it would enable it deliver good returns on investment to shareholders.

Gbolahan Olutayo, managing director/CEO of the Company, said these efforts would enable the company make early returns to both the National Insurance Commission and the Nigerian stock Exchange as provided in the law, having engaged KPMG to work with the firm to address some of its current challenges.

“The management has engaged the service of a professional auditor KPMG to produce a credible annual financial statement for the company in accordance with the International Financial Reporting Standard (IFRS).”

Olutayo said the management set up by the National Insurance Commission (NAICOM) has taken steps to address all challenges confronting the company before its assumption of office.

On plan delisting of the company by the Nigerian Stock Exchange (NSE), he said that the management has taken steps to address all regulatory concerns, expressing optimism that the company would not be delisted.

He however assured stakeholders of the company’s that they are committed to safeguard their interest, adding that plans on the way to intimate shareholders of the progress made so far in their efforts to reposition the company for effective service delivery.