WorldStage– The Federal High Court sitting in Lagos has adjourned the legal suit instituted by Universal Insurance Plc against the National Insurance Commission (NAICOM) and an appointed receiver to September 16, 2026.
The matter, which was originally scheduled for hearing on September 3, 2026, could not proceed due to the late filing of court processes by the respondents.
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In a regulatory announcement issued to the Nigerian Exchange Limited (NGX) on September 4, 2026, the company’s Board of Directors confirmed that the court extended the subsisting restraining order against NAICOM and the receiver pending the determination of the main suit.
Universal Insurance stated that it remains committed to using all legal avenues to safeguard the interests of its shareholders, policyholders, and employees as proceedings continue.
Key Facts Summary
Entity Involved:
Respondents: National Insurance Commission (NAICOM) and Appointed Receiver
Jurisdiction: Federal High Court, Lagos
Reason for Delay: Late filing of processes by Respondents
New Hearing Date: September 16, 2026
Current Legal Status: Restraining order against NAICOM and the receiver extended
