Pensioner threatens to invoke ancestral spirits on AAI over seven months payment default
African Alliance Insurance Plc (AAI)
Nike Popoola
One of the annuitants with African Alliance Insurance Plc (AAI), Gbadebo Olatokunbo, has threatened to invoke ancestral spirits on the company for not paying his monthly pensions for seven months.
Gbadebo Olatokunbo, who is a Shareholder Activist & Cofounder, Nigerian Shareholders Solidarity Association, decried his non-payment challenge in a statement made available to Dailyeconomy.
He wrote, ““`👿☠️🔥AFTER SEVEN MONTHS OF NONE PAYMENT OF MY ANNUITY BY AAI!!!🔥☠️👿“`
“Then,let nobody blame me if l report AAI & Collaborators to “SANGO,OBAKOSO” for immediate sanction.
“I don’t want or requested for two months payments,but FULL PAYMENT OF THE ARREARS OF SEVEN MONTHS from August,2024-March,2025.
“May all the deities in Yorubaland,gets ready to act;for its my rights to get paid when due and AII & Collaborators have denied me that agreement since last year August,2024 till today 1st April,2025 my entitlements.
• SANGO,OBATALA,OBANTA,AGEMO etc…. gets ready for ACTION…….”
In October 2024, Dailyeconomy reported that the National Insurance Commission (NAICOM), sacked the Board and Management of African Alliance Insurance Plc, one of Nigeria’s oldest life assurance companies, following years of insolvency and failure to meet the obligations of annuitants and policyholders.
This decision followed an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which had for some time, generated a lot of uncertainty over claims settlement and payment to annuitants under the company.
The Commission therefore appointed an Interim Management Board to manage the affairs of African Alliance Insurance.
