Kemisola Oye
THE management of AIICO Insurance has reacted to what it describes as “misleading allegations” which were widely circulated, particularly on online media platforms, wherein it was accused of breach of contract,
The story with the title “Lagos Lawyer Drags AIICO Insurance Company To Court Over Breach Of Contract,”, AIICO Insurance insists “is sensational and misleading”.
Eighteen-Eleven Media reports that Chief Abdullai Tony Dania had slammed a N12,987,343.42 suit on the Insurance company over an alleged breach of contract.
According to a Further and Better Affidavit sworn to by the Litigation Officer, Mr Abimbola Mayowa in the office of Chief Abdullai Tony Dania’s counsel, Plaintiff entered into an insurance policy contract with AIICO in the year 2007, with policy No. 12028081.
The Plaintiff kept to his side of the contract and made financial deposits to the Insurance company periodically though he missed some years when he was on admission at Igbobi Orthopedic Hospital after surviving a fatal motor accident. As agreed, he ought to be paid the sum of N1,987,343.42 by Defendant (AIICO Insurance) on the maturity date of 24th April 2022.
Plaintiff wrote a letter dated 28th March 2022, upon suspicion of fraudulent acts in their relationship either on the part of Defendant or her Agents or intermediaries, requesting to be furnished with a full Statement of Account and a proper update on his policy No. 12028081.
Defendant responded to the letter under reference above vide their letter dated 11th April 2022 and stated that receipts of payments were wrongly posted to one of Mr Dania Tony Abdullai’s mature policies which caused variation in the assumed calculation of the surrender benefit given on the stated policy which has been collected.
“It is important to point out that the Plaintiff, in the suit, admitted to the fact that he defaulted in his contractual obligations when he admitted that he failed to make a financial contribution to the insurance company when he was sick.
“While awaiting the court to give judgment over the dispute on 6th July 2023, the Plaintiff took his matter to the court of public opinion to get sympathy at the expense of justice.
AIICO Insurance insists that while It is important to clarify that the headlines of the stories in question imply that it breached the contract with its client, however, the reality is that the client failed to fulfil his contractual obligations to the letter which failure undermines the purport of this insurance contract.
“As a responsible corporate entity, we choose not to engage in any commentary regarding the ongoing legal case, allowing the law to follow its due course.
“We firmly believe in the judicial system and its ability to determine the truth and dispose of the matter in accordance with the rule of law.
“Consequently, we refrain from making any public statements until the conclusion of the current judicial process to avoid subjudice, whereupon we will address the matter appropriately.
“We remain steadfast in upholding our commitment to transparency, integrity, and the principles of justice”.
Eighteen-Eleven Media