Allianz Nigeria, said it has received the first tranche of capital required to shore up its capital base to N18 billion.
The company also said it has restructured its shareholding to make the
It, therefore announced changes in its board leadership and named Chief
Disclosing this in a statement, Adewumi-Zer, said the restructuring also witnessed increase in the company's authorised share capital from N10 billion to N18.5 billion.
She said this was done following the creation of 17 billion ordinary shares, to increase Allianz Nigeria's authorised share capital from N10 billion to N18.5 billion.
She said the shares have been issued and allotted in favor of the regional legal entity, that is the holding company for Allianz Nigeria (
"This move to strengthen the capital base of its local operations reaffirms
According to her, as part of a wider restructuring of the business, Allianz Nigeria had in
According to her, other internal changes include her appointment earlier in
She, highlighted other changes made in the company saying, "the new leadership team are
She said in line with corporate governance and regulatory provisions, the board in
She noted that
Adewumi-Zer, expressed confidence that Ulu was qualified to fill the position and steer the company through the next phase of its transformation.
Adewumi-Zer also appealed to customers who have been experiencing challenges in routine claim settlements.
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