“First and foremost, we want to reassure all our stakeholders that African Alliance is still very much operational and committed to paying all genuine claims,” Amao stated in a statement. Additionally, annuity payments have started, and they are being processed carefully to guarantee they are finished as quickly as feasible. We have kept our clients informed about the status of their payments through a variety of ways. Due process will be followed for all outstanding claims as well, since we are devoted to getting these issues resolved.

“We want to put to rest any fears: African Alliance is built to stand the test of time. We are actively working on the turnaround plans requested by the National Insurance Commission and are committed to fulfilling our obligations to all stakeholders.

“Our management team remains intact, and our website is fully operational as part of our ongoing commitment to serving our clients. We are here to stay, and we will continue to strive to provide excellent service and a great customer experience.”

The African Alliance ED also clarified that the firm had not shut down but was closed due to the nationwide protests that began on August

For the time being, we switched to remote work in order to protect our employees and clients. Critical personnel, however, remained on the scene during the protests. On Thursday, August 8, 2024, full onsite operations were restored. He clarified, “We regret any difficulty that this interim action may have caused and appreciate our stakeholders’ understanding during this period.