Acknowledging the fact that there are still good investors, he appealed to the insurance industry regulatory body, that is, the National Insurance Commission to allow only genuine investors into the industry, even as he urged the commission to put in place process to check activities of the fake ones.
He stated that, there was the need for NAICOM to find out how firms utilise funds already at their disposal before thinking of further fund injection, adding that, there was no need of pumping excess money into companies. Also speaking at the event, the National secretary of ISAN, Mr. Chibuzor Eke, called on insurance industry regulator to provide enabling environment for insurance business to thrive. He equally challenged insurance firms to wake up and focus on their core business in order to attract investment.