AIICO Insurance Plc has moved to protect its corporate reputation and business integrity after what it described as a sustained campaign of false and misleading allegations by a former agent, Obinna Adolphus Nwosu.

The insurer said Nwosu, whose agency appointment was terminated, has continued to circulate allegations against the company through regulatory and law enforcement channels, media organisations, digital platforms and direct communications with stakeholders.

AIICO said it was taking the matter seriously because repeated unsubstantiated claims could damage the confidence of customers, employees, regulators, investors and other stakeholders in the insurance company.

Rather than engage in a public war of words, the insurer said it has chosen the courts as the appropriate avenue for resolving the dispute and has commenced a defamation action against Nwosu at the Lagos State High Court.

The company said Nwosu’s appointment as an agent was terminated and that it subsequently published a public notice in national newspapers on June 26, 2025, warning customers and members of the public against continuing to transact or maintain any business relationship with him on behalf of, or in connection with, AIICO.

According to AIICO, the continued circulation of allegations after the termination and public warning has created the risk of confusion among customers and other stakeholders over whether Nwosu still represents the company.

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The insurer said it would not be drawn into a media exchange while the matter is before the courts, insisting that allegations should be tested against evidence rather than through what it described as a “trial in the court of public opinion.”

“AIICO Insurance Plc remains committed to the highest standards of integrity, accountability and transparency,” the company said.

AIICO said it would continue to use lawful avenues to protect its reputation, employees, customers and other stakeholders while allowing the judicial process to determine the issues in dispute.

The company also urged media organisations, regulators, employees, customers and members of the public to exercise caution in considering the allegations and to distinguish between claims that can be supported by verifiable evidence and those being circulated outside established investigative or judicial processes.

AIICO further maintained that genuine grievances should be channelled through appropriate regulatory, investigative or judicial institutions, where they can be examined based on facts and evidence.

The insurer said it remains confident that the court process will provide the proper platform for the issues to be examined and determined in accordance with the law.

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Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.