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Alleged Unpaid Claim of N163m: Anchor Insurance sues EFCC, two others

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Anchor Insurance Plc has sued the Economic and Financial Crimes Commission (EFCC), Scratch ‘N’ Pay Limited and its Managing Director, Olaonipekun Famoroti over an alleged unpaid claim of N163 million. 

Recall that the House of Representatives committee on Insurance and Actuarial Services were initially scheduled to meet with the representatives of the industry regulator, National Insurance Commission, NAICom and Anchor Insurance Plc on Tuesday morning on same issue but the meeting was later postponed to a more convenient date due to the COVID-19 pandemic that has forced the National Assembly to shutdown operations. 

This was subsequent to a petition dated 19th November 2019 and signed by the Managing Director of Scratch ‘n’ Pay LTD, Mr Olaonipekun Famoroti and addressed to the committee and NAICOM demanding the payment of N163m claim from Anchor Insurance since 2014.

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According to the court summons sighted by TheNewsGuru.com (TNG), the plaintiff (Anchor Insurance) amongst other things is seeking to know if the EFCC is indeed empowered by law to interfere in a contractual agreement between two or more parties.

It also seeks to know whether by virtue of Section 6 and 7 of the EFCC Act, the EFCC has the right or power to act as a debt recovery agent for an individual or corporation. 

The defendants; Financial Crimes Commission (EFCC), Scratch ‘N’ Pay Limited and its Managing Director, Olaonipekun Famoroti according to the court summons have till 30 days to enter an application for them before the court.

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