Mutual Benefits Assurance resolves NGX sanctions
Mutual Benefits Assurance Plc has resolved sanctions from Nigerian Exchange Limited (NGX) for filing delays, paying N67.44 million in fines. The company addressed prior reporting period issues through governance reforms, including enhanced internal controls and technology investments. All outstanding filings have been regularised, positioning the insurer for stability. Mutual Benefits Assurance was among top delinquent filers, contributing N378 million in sector-wide penalties. Will the reforms ensure sustained compliance and stability for Mutual Benefits Assurance?