A Federal High Court in Abuja issues orders related to the liquidation of NICON Insurance Limited, directing service of its order on company directors to support efforts to preserve the firm’s assets. According to reports, the court requires the officials to provide an account of their involvement in the company’s day-to-day operations.
Vanguard says the order is served on 13 former directors, aimed at enabling them to explain their roles as the liquidation process proceeds. Daily Post Nigeria focuses on the scope of the required accountability, reporting that the Head of Directors is ordered to give an account covering activities over the past seven years to the liquidator.
Both outlets describe the action as part of the court’s broader approach to safeguard NICON’s assets during liquidation. The differing emphasis in coverage is on the specific set of officials targeted—13 former directors versus the Head of Directors—and on the stated time period referenced for the accounting.
