FBN General Insurance Achieves N5b Capital Base

Bode Opadokun
Bode Opadokun
FBN General Insurance has shored up its share capital by an additional N1.04bn, bringing the company’s total share capital to N5bn.

A statement from the company quotes the Managing Director, Bode Opadokun in a message, to the shareholders as having said that “By this increased share capital, FBN General Insurance is set to meeting stakeholders requirement of driving innovation in our business model, or ones www, products and services in this new year and beyond.”

FBN General has by this come to terms with the suspend we recapitalisation schedule first phase initially supervised by the National Insurance Commission, the company like others are continuing the recapitalisation build up to enhance risk retention and brand prominence.

FBN General is a subsidiary of FBN Insurance Limited and a member of the Sanlam Group.