![]() ![]() Aside from IGI, those on the queue include CCNL Investors First Investment Consult Limited Garston-Jones Investment Limited, Trans-africa Insurance Consortium Assu-rance Acquisition Consortium and Zenith General Insurance Company Limited.īureau of Public Enterprises (BPE) began the privatisation process on NICON in 2001 with the pre-qualification of five companies namely CCNL Investors First Investment Consult Limited Garston-Jones Investment Limited (Management Buy-Out) Industrial and General Insurance Company Limited and Transafrica Insurance Consortium. The firms are bidding for Federal Government's 51 per cent equity share in the insurance firm. Seven firms including Industrial and General Insurance (IGI) have qualified for due diligence exercise preparatory to the privatisation of NICON Insurance Plc.
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