In a statement signed by the Company Secretary Chinenye Nwankwo, the Company stated thus:
“The attention of Guinea Insurance Plc has been drawn to a false publication by certain media outlets captioned, “Guinea Insurance gets N453.6million fine for disclosure violations”. The Board and Management of Guinea Insurance Plc wish to clarify that these publications are entirely erroneous and inaccurate. The Nigerian Exchange Limited (NGX) at no time imposed a fine of N453.6 million on Guinea Insurance Plc. The company only paid a fine of N453,600 for a breach of NGX’s Rules regarding mandatory reporting via the Issuer’s Portal.
