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Noor Takaful Insurance Limited, the pioneer and starring composite Takaful security steadfast successful Nigeria, has distributed a full of 4 100 and 4 million, 1 100 and ninety-one thousand, 5 100 naira (N404,191,500.00) arsenic surplus to participants who did not marque claims connected their security during the 2023 fiscal year.
The surplus organisation was announced connected Wednesday, September 17, 2025, during the 2023 Surplus organisation and Claims solemnisation ceremonial for participants astatine Lagos Continental Hotel, Lagos.
It was announced that implicit 1,000 participants would beryllium entitled to implicit N400 cardinal arsenic surplus. A full of 15 participants, including individuals, fiscal institutions, and backstage and nationalist organisations, received surplus payments astatine the event.
Lotus Bank, ARM Group, Trustlub Resources Limited, and MG Vowgas Ltd. Alternative Bank received the lion’s stock of the payment, receiving N19,018,379.20, N8,604,413, 77, N1, 441,430.08, N1,346,198.37, and N1,282,242.71, respectively.
Other companies oregon individuals who besides received portion of the 2023 surplus organisation see Automarket Nigeria Limited, Starlink Internet Services Nigeria Limited, Vanguard Pharmacy, Cardinal Stone, Federal Polytechnic, Ilaro, Globus Bank, Wema Bank/Mezovest Limited, Halden Nigeria Limited & ICA Logistics Ltd, Kaka Ajibola Oladele and i-SOW Investment Limited.
Speaking astatine the occasion, the Chief Executive Officer, National Insurance Commission, who was represented by the Deputy Director, NAICOM, Dr Julius Odidi, described the surplus organisation lawsuit arsenic a connection of the resilience, inclusivity and ethical foundations upon which Nigeria’s takaful manufacture is being built.
Odidi stated that celebrating organisation and the fulfilment of claims is simply a stark reminder of the existent meaning of takaful, which entails the principles of trust, fairness, and shared prosperity.
According to him, these principles are astatine the bosom of takaful and stay cardinal to the advancement of Nigeria’s broader security sector.
He explained further that Takaful offers fiscal protection, dignity, fairness and assurance successful the future.
In her keynote address, the foremost entrepreneur, Ibukun Awosika, explained that driving the Takaful security exemplary successful a state similar Nigeria requires the effort of the instauration involved, peculiarly astatine a clip erstwhile accepted security has failed to present connected expectations.
Awosika described the Takaful exemplary arsenic an equitable concern exemplary that rewards each enactment for its contribution.
She stressed that the institution indispensable intensify its efforts to deepen consciousness astir the takaful exemplary successful a mode that volition pull involvement from Nigerians careless of their faith.
“Non-conventional security is simply a assemblage that needs to turn exponentially due to the fact that of the marketplace abstraction there, and this exemplary volition promote much radical to get into insurance. I was asking however galore radical you person signed up with close now, and I was told that the fig is astir 20,000. So, we’re truly astatine the aboriginal stage. And what I would situation the institution to bash is to put clip successful educating the public. As a company, you request to stock the exemplary of what you do. You don’t privation to beryllium conscionable different security company, and you don’t privation the doorway to beryllium unopen connected it conscionable being called a spiritual security company,” she said.
While congratulating the beneficiaries of the surplus distribution, she expressed optimism that the exemplary would assistance re-engineer the worth strategy with which corporations and nine operate.
In his opening remarks astatine the event, the Chairman of Noor Takaful Insurance Limited, Ambassador Shuaibu Ahmed, explained that the organisation of a staggering ₦1 cardinal successful surplus since inception, including ₦400 cardinal successful surplus for 2023 alone, is not conscionable a milestone but almighty impervious that the Takaful strategy works—for everyone.
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