Mutual Benefits Affirms Delay in Release of 2015 Audited Report

Mutual Benefits

By InvestAdvocate

Lagos (INVESTADVOCATE)-Insurer, Mutual Benefits Assurance Plc has affirmed its delay to release its full year end 2015 results to the public.

“Please be informed that our regulators NAICOM (National Insurance Commission) approved our accounts on May 20, 2016 but we are unable to present the accounts to the public yet because we are still awaiting the approval of the accounts of a major subsidiary,” the insurer said in a notice to the Nigerian Stock Exchange (NSE).

The company disclosed its trying to resolve the issue with the insurance regulator and hopes to sort it out in the shortest possible time.