AIICO Insurance Declares ₦2.56 Billion Dividend, Re-elects Samaila Zubairu and Folakemi Edun at 55th AGM

Shareholders of AIICO Insurance Plc have approved a total dividend of ₦2.56 billion at the company’s 55th Annual General Meeting (AGM) held on May 27, 2025, in Lagos. The dividend, declared at 7 Kobo per share, will be paid to shareholders whose names appeared on the register as of May 21, 2025.

At the AGM, held at The Civic Center in Victoria Island, shareholders adopted the company’s audited financial statements for the year ended December 31, 2024, as well as reports from the board, auditors, and external governance consultants.

Two key directors, Mr. Samaila Zubairu and Mrs. Folakemi Edun, were re-elected by shareholders. The meeting also reappointed Ernst & Young (E&Y) as the company’s auditors for the current financial year, with the board authorised to fix their remuneration.

In line with corporate governance requirements, shareholders elected three representatives to the company’s statutory audit committee: Mrs. Onyenekwe Florence, Chief Robert Igwe, and Mr. Attu Raphael Nnaji. They will serve alongside board nominees Mr. Raimund Snyders and Mrs. Oluwakemi Adewole.

In special business, shareholders approved the remuneration of non-executive directors for the 2024 financial year, as detailed in the company’s annual report.

The resolutions reaffirm AIICO’s commitment to sound governance and sustained shareholder value in Nigeria’s competitive insurance market.