Cornerstone Insurance PLC has explained why its board was yet to release the audited financial statements for the year ended 31st December 2020 (“the 2020 Audited Accounts”) with The Nigerian Stock Exchange.
The Company regrets its inability to file the 2020 Audited Accounts by the due date of 31st March 2021. This is because the Company encountered some delay in completing the actuarial valuation audit review.
“Please be assured that the 2020 Audited Accounts will be submitted to The Exchange upon finalization by the Company and once the 2020 Audited Accounts has been submitted to and approved by the Company’s primary regulator- the National Insurance Commission (NAICOM).”
“In the same vein, due to the Company’s inability to file the 2020 Audited Accounts, the Company may not be able to file its Unaudited Financial Statements for the first quarter ended 31st March 2021 within the regulatory due date of 30th April 2021.”
“We sincerely apologise for any inconveniences these delays may cause.”