Niger Insurance company in trouble, dragged to court over failure to redeem policy

Related imageIn a bid to claim a discharge Voucher worth N4,096,525.43 that has remained unpaid a Lagos businessman Sunday Orioge Emmanuel has dragged Niger Insurance company before a Lagos Magistrate court sitting at Ikeja.

     In a particulars of debt filed before the court by a Lagos lawyer, Barrister Adewale Adesokan SAN, the claimant averred that he is a policy holder of two  life policy insurance.
     In the  exercise of his choice to redeem his contribution into his Policy accounts with the insurance company he surrender his policy sometimes in October, 2018.
       Niger Insurance acknowledged the receipt of the surrendered policy via a letter dated 16thOctober,2018 and set out his respective net amount in full and final discharge of his policies.
      Upon the execution and return of the discharge voucher and return same Niger Insurance company has since failed and neglected to pay him as communicated.
         The claimant made several demands for his money from the insurance company culminating in letter address to the Managing Director of the company which said letter was never responded to.
       As a result of the defendant refusal to act or respond to the letters, the claimant wrote the commissioner/CEO of the National Insurance commission.
       After a long while futile expectation the claimant instructed the law firm of Wale Adesokan ,& company to demand on his behalf the defendant indebtedness. In response the company pleaded for more time, but nothing was done.
     The claimant contended that the defendant has no defence to this claim.
 Consequently the claimant claim from
the defendant. sum of N4,096 525.43 being the value of discharge voucher
policy with 21% interest per annum  from 19th October, 2018.
  The Presiding Magistrate O. I. Raji. has adjourned, till 25th  July 2019 for hearing

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