Thursday 13th July 2017

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Zenith Life Insurance in Landmark Partnership with UK’s Prudential Ebere Nwoji Zenith Life Insurance has redefined the Nigerian insurance sector with its landmark partnership with Prudential Plc, one of the oldest and most capitalised life insurance companies in the world. The partnership, which will see Zenith Life trade

under Zenith-Prudential Life, also involves an exclusive bancassurance agreement with

Zenith Bank Plc in Nigeria and Ghana, a statement from Zenith Life said yesterday

after the unveiling of the partnership in Lagos. Prudential Plc is a British multinational life insurance and financial services company headquartered in London and boasts of some 24 million customers. According to the statement, the partnership and bancassurance agreement will allow Prudential access

to Nigeria’s huge 180 million market, the largest in Africa. Jim Ovia, Founder of Zenith Bank, Zenith Life and now Chairman, Zenith-Prudential, said: “This landmark transaction is set to redefine the life insurance industry in Nigeria. “Given the combination of Zenith Life’s local presence with one of the oldest and

most successful life insurers, we expect Zenith-Prudential Life to act as a significant catalyst within the sector. “We anticipate creating thousands of employment opportunities in Nigeria by embarking on this transformational deal,” Ovia stated. Continued on page 8

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PDP Leaders Jubilant as S’Court Silences Sheriff for Good Makarfi takes over Wadata Plaza, declares no victor, no vanquished after verdict on defectors to return Maiduguri residents celebrate ex-governor’s ouster Our Correspondents It was celebration galore

for the leadership of the main opposition Peoples Democratic Party (PDP)

yesterday, following the Supreme Court ruling, which upheld the constitution

of the Senator Ahmed-led Caretaker Committee to lead the party, effectively

slamming the door against the former National Chairman of the PDP,

Jonathan calls Senator Ali Modu-Sheriff. Continued on page 8

Osinbajo: Buhari Will Return to Nigeria Sooner Than Expected Omololu Ogunmade and Onyebuchi Ezigbo in Abuja President Muhammadu Buhari, who is currently receiving treatment in London for an undisclosed ailment, will return to Nigeria much sooner than expected, Acting President Yemi Osinbajo disclosed yesterday. Osinbajo made this disclosure while answering questions from State House correspondents, a few hours after he returned to Abuja from London, where he had visited the president on Tuesday. Buhari left the shores of Nigeria for London on May 7. Ever since, he has not been sighted in the public, fueling speculations that the president might be in bad shape.

The speculations were given fillip recently when the governor of Ekiti State, Mr. Ayodele Fayose, alleged that the president was critically ill and on life support in a London hospital. However, Osinbajo, who said he had a meeting with Buhari for about an hour, said he had opted to visit the president just to see how he was faring and equally brief him on emerging developments in the country. The acting president reported that his boss was in high spirits, recuperating well and was expected back in the country very soon. Osinbajo, who said he could not delve deeply into the issues discussed, however, said issues bordering Continued on page 8

Kachikwu: Nigeria Will A PARTNERSHIP SET TO REDEFINE INSURANCE… Chairman Zenith-Prudential Life, Mr. Jim Ovia, and CEO Prudential Africa Holdings Limited, Matt Lilley, at the formal launch Voluntarily Join OPEC Cuts… Page 47 R-L: of Zenith-Prudential Life, held at the Civic Centre, Lagos… yesterday


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Thursday 13th July 2017 by THISDAY Newspapers Ltd - Issuu