By Bisi Bamishe
AIICO Insurance Plc has become aware of a sustained campaign of false and misleading allegations being circulated by Mr. Obinna Adolphus Nwosu, a former agent of the Company, to various stakeholders, including regulatory authorities, law enforcement agencies, media organisations, bloggers, employees and other members of the public.
A statement signed by the company’s management says, ‘For the avoidance of doubt, Mr. Nwosu’s appointment as an agent of AIICO Insurance Plc was terminated. Following the termination of his appointment, the Company published a public notice in national newspapers on 26 June 2025, expressly warning customers and members of the public against continuing to transact or maintain any business relationship with him on behalf of, or in connection with, AIICO Insurance Plc’.
Notwithstanding this, Mr. Nwosu has continued to circulate false and misleading narratives about the Company through various channels, including digital platforms and direct communications with stakeholders. His persistent and increasingly aggressive efforts to disseminate these claims have the potential to cause unwarranted damage to the Company’s reputation and create unnecessary concern among its employees, customers and other stakeholders.
AIICO Insurance Plc wishes to state unequivocally that these allegations are false and should be treated with the utmost caution. Rather than engage in a media exchange or submit to a trial in the court of public opinion, the Company has elected to pursue the matter through the appropriate legal channels and has consequently commenced a defamation action against Mr. Nwosu at the Lagos State High Court.
AIICO Insurance Plc will not be drawn into a public exchange with a former agent who has chosen to continue making unsubstantiated allegations while the matter is being pursued through the courts. The Company remains confident that the facts will be properly examined and determined through the established judicial process.
Members of the media, regulators, employees, customers and the public are therefore urged to exercise due caution and discountenance the false and misleading narratives being circulated by Mr. Nwosu.
Mr. Nwosu should make himself available to receive the relevant court processes and allow the matter to proceed in accordance with the law, rather than continuing to prosecute his claims through digital media and direct approaches to individuals within and outside the Company.
Any genuine grievance or complaint should be presented through the appropriate regulatory, investigative or judicial channels, where it can be properly examined and determined based on verifiable facts and evidence.
AIICO Insurance Plc remains committed to the highest standards of integrity, accountability and transparency. The Company will continue to pursue all lawful avenues available to protect its reputation, its employees, customers and other stakeholders, and to ensure that the matter is resolved through due process and in accordance with the law.
