Sogelola said this while speaking on the five-year growth plans of the company during a press briefing in Lagos. He noted that IEI Plc was set for expansion after its acquisition by Norrenberger, an integrated Financial Services Group.
Recalling that IEI used to be a major player in the oil and gas sector, he said, “We are going to reach out to all our energy sector stakeholders; we served them well and we will claim them back.” He said the company would expand its alternative channels to attract the retail market including the small and medium enterprises, educational institutions, religion societies and market women associations among others.He noted that the corporate market had been contributing largely to the company’s premium and it would ensure that it continued to gain more expansion.Sogelola said, “We are not leaving our corporate services.
According to him, the retail sales offices of IEI would be better equipped to meet the needs of its customers.“As at today, we have paid all brokers all outstanding claims excluding the foreign-denominated claims which we have started to pay but for the currency fluctuation. But by June, they will be fully paid.”
The managing director also revealed that its new investors paid N5bn in cash deposit into the company and all it required was for the National Insurance Commission’s approval, a move that would enhance the capital base of the company.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.