Acting on a petition, the House sub-committee on Capital Market and Other Institutions, chaired by Kwamoti Laori, began an investigation into 25 insurance companies, including AIICO, AXA Mansard, Custodian, Cornerstone and NEM, over the alleged non-remittance of statutory fees, levies and other revenue due to the Federal Government. On July 30, 2025 the Federal High Court in Abuja, Justice Emeka Nwite, refused a request by the Nigerian Insurers Association and 17 insurers for an order stopping the House from probing and recovering ₦98.4 billion in alleged liabilities.
What the record shows
- 21 July 2025Probe opened.
- As of 11 November 2026No final report of this probe has been found on the public record.
Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.