National Insurance Commission has constituted a seven-member interim board of directors to oversee the affairs of Goldlink Insurance Plc with effect from November 1, 2012.
NAICOM on Wednesday said in a statement that the action was sequel to the recent resignation of members of the board of directors of the company following anomalies discovered in the audited financial statements of the company for the year ended December 31, 2011.
The interim board has, among others,been charged with the responsibility of carrying out full investigation of the financial reports and corporate governance failures observed in the course of reviewing the company’s financial statement for the year ending December 31, 2011.
The interim board, operating for six months in the first instance, has Mr. James Ayo as chairman, Mr. Gbolahan Olutayo, as managing director and Mr. Adeyinka Olutungase as chief finance officer.
Other members of the interim board are Ambassador Umar Damagun, Alhaji Sashe Dabana, Prof. Chioma Agomo and Mr. Abubakar Mijinyawa (independent director).
This development does not, in any way, affect the capacity of the company to provide dependable insurance services, the statement added.
Source: Punch
