A Federal High Court sitting in Abuja has upheld an earlier order restraining the National Insurance Commission from suspending Guinea Insurance Plc from underwriting new insurance businesses, in a suit that was filed by Guinea Insurance with the number: FHC/ABJ/CS/151/2019 against NAICOM on February 6, 2019.

According to a statement from the company on Friday, at the resumed hearing on February 18, Ebere Okonkwo, counsel to Guinea Insurance PLC, informed the court that the commission did not appear in court despite being served the Motion on Notice and a copy of the court’s order dated February 8, 2019.

It restrained the commission from taking any step whatsoever against Guinea Insurance concerning the “compliance with directives contained in the letter dated January 28, 2019” pending the hearing and determination of the Motion on Notice.

The court ordered parties to maintain status quo ante and consequently adjourned the suit to February 26, 2019 for further hearing of the Motion on Notice.

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