Lasaco Assurance celebrates Children’s Day 2025, reaffirms commitment to youth empowerment - Newstrends
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Lasaco Assurance celebrates Children’s Day 2025, reaffirms commitment to youth empowerment

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Lasaco Assurance Celebrates Children’s Day 2025, Reaffirms Commitment to Youth Empowerment

In celebration of Children’s Day 2025, Lasaco Assurance Plc, through its Corporate Communications team, paid a heartfelt visit to Agidingbi Primary School in Ikeja, Lagos. This initiative reinforces the company’s unwavering commitment to youth empowerment, education, and meaningful community engagement.

The Lasaco Assurance team was warmly welcomed by the school’s management and pupils.

The visit was characterized by lively interactions, motivational talks, and the generous distribution of educational supplies and refreshments. The Lasaco Assurance team encouraged the children to pursue their dreams with discipline, integrity, and determination, while emphasizing education as the cornerstone of future success.

During the visit, Muyiwa Anwoju underscored Lasaco Assurance deep-rooted commitment to educational development in Lagos State. “Children’s Day is a powerful reminder that every child deserves the opportunity to thrive. At Lasaco Assurance, we believe in investing in the future by supporting education and nurturing young minds,” he said.

Echoing this sentiment, CFO Bukola Moradeyo added, “Our visit is more than a celebration—it’s an intentional act of impact. We want these children to feel seen, valued, and empowered to achieve greatness.”

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In his remarks, Adetokun Adedayo, Head of Strategy, Research, and Communications, further emphasized the broader vision behind the initiative: “Lasaco Assurance Plc is not only committed to corporate growth but also to community development through education. We believe strong communities are built on the foundation of knowledge and opportunity.”

The team also engaged the pupils in interactive sessions, sharing personal stories of resilience and achievement. Oluseye Smart encouraged the children to remain focused and to always strive for excellence. “You are the leaders of tomorrow. What you learn and do today will shape both your future and the future of Nigeria,” he told the pupils.

The school’s head teacher, Mrs. Hussein, expressed deep appreciation to Lasaco Assurance for their generosity and community spirit. She noted that the visit complements ongoing efforts by educational stakeholders in Lagos to build strategic partnerships that improve student performance and create a nurturing learning environment.

Reflecting the company’s national footprint, Lasaco Assurance also celebrated Children’s Day through its regional offices. In Port Harcourt, the South-South Regional Office visited State Primary School and Azuabie Primary School, bringing joy, educational materials, and inspiration to the pupils. Meanwhile, in the South-West region, the team commemorated the day with the pupils and staff of Methodist Primary School, Akintola Ekotedo, Ibadan, reinforcing the company’s dedication to uplifting children across various communities.

Lasaco Assurance remains steadfast in its corporate social responsibility efforts, with a core focus on education, youth empowerment, and sustainable community development. The company looks forward to deepening its engagement with schools across Nigeria, inspiring even more young minds in the years ahead.

As Children’s Day is marked across the nation, Lasaco Assurance’s visit to Agidingbi Primary School—and similar initiatives in Port Harcourt and Ibadan—stands as a vibrant testament to the enduring power of corporate citizenship and the transformative value of investing in the next generation.

Lasaco Assurance Celebrates Children’s Day 2025, Reaffirms Commitment to Youth Empowerment

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Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth

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Lasaco Assurance Plc

Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth

Lasaco Assurance Plc has reinforced its growth strategy through the integration of Environmental, Social, and Governance (ESG) principles, aimed at strengthening resilience, improving governance standards, and delivering long-term value across its operations.

The company said its approach reflects a deliberate alignment of expansion goals with responsible underwriting, sound governance frameworks, and disciplined risk management practices.

Amid evolving regulatory requirements and rising stakeholder expectations, Lasaco noted that sustainability considerations are now being embedded into its core business processes to promote stability, transparency, and consistent performance.

Rather than treating ESG as a separate initiative, the insurer stated that it is incorporating governance oversight, compliance, integrity, and performance accountability into its strategic decision-making processes. This, it said, ensures that growth initiatives are supported by prudent financial management, structured risk evaluation, and strengthened internal controls.

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Speaking on the development, the Managing Director, Ademoye Shobo, stressed the importance of aligning business expansion with responsibility and governance.

“Sustainable growth requires discipline, accountability, and structured risk management. We are integrating ESG principles into our strategic framework to ensure that expansion remains supported by strong governance and responsible operational practices,” he said.

Lasaco further disclosed that it is enhancing its compliance architecture, reporting standards, and governance processes in line with industry requirements. The measures, according to the company, are designed to improve operational resilience, ensure regulatory compliance, and strengthen confidence among policyholders, partners, and other stakeholders.

The firm added that through disciplined governance, structured risk oversight, and responsible execution of growth strategies, it is positioning itself to remain competitive, boost market confidence, and deliver sustained value within Nigeria’s insurance sector.

Lasaco Assurance Deepens ESG Integration to Drive Sustainable Growth

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Lasaco Assurance Secures Shareholder Commitments to Drive Capitalisation Plans

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Lasaco Assurance Plc
Lasaco Assurance Secures Shareholder Commitments to Drive Capitalisation Plans
Lasaco Assurance Plc has secured formal commitment letters from its shareholders following its recently concluded Extraordinary General Meeting (EGM), reinforcing confidence in the company’s capitalisation strategy amid ongoing regulatory reforms in Nigeria’s insurance industry.
The commitments provide a clear pathway for the company to proceed with its approved plan to raise additional capital in compliance with the Nigerian Insurance Industry Reform Act and other relevant regulatory requirements.
Speaking on the development, the Acting Managing Director of Lasaco Assurance Plc, Mr. Ademoye Shobo, described the shareholders’ confirmation as a major milestone that brings clarity and certainty to the capital-raising process.
“The commitment letters from our shareholders give us the confidence to move forward with our capitalisation plans in line with the Nigerian Insurance Industry Reform Act and other regulatory guidelines governing the insurance industry. We intend to leverage all available opportunities to raise the approved capital, and our existing shareholders should watch out for our rights issue as part of this process,” Shobo said.
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With shareholders’ support now formally documented, the company is set to actively pursue various funding options to achieve the approved capital raise. Lasaco Assurance plans to deploy a combination of market-based instruments, including a rights issue and other permissible fundraising structures, to ensure efficient and timely capital mobilisation.
Management noted that the shareholder commitments further underscore investor confidence in the company’s growth strategy, corporate governance framework, and long-term business outlook. The planned capital raise is expected to strengthen the company’s balance sheet, enhance its underwriting capacity, and provide greater flexibility for expansion across its core insurance business segments.
As part of the capitalisation process, existing shareholders have been advised to look out for the forthcoming rights issue, which will allow them to participate proportionately in the company’s capital expansion. Lasaco Assurance reaffirmed its commitment to transparency and full regulatory compliance throughout the fundraising exercise.
The company described the capitalisation drive as a strategic move aimed at sustaining competitiveness, improving risk-bearing capacity, and positioning Lasaco Assurance for long-term growth within Nigeria’s insurance market. The initiative also aligns with broader industry efforts to enhance financial resilience and safeguard policyholders’ interests.

Lasaco Assurance Secures Shareholder Commitments to Drive Capitalisation Plans

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Client Commends NEM Insurance for Prompt Claims Settlement, Exceptional Customer Care

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NEM Insurance
Client Commends NEM Insurance for Prompt Claims Settlement, Exceptional Customer Care
The Chief Executive Officer of King John Environment Services, Mr. Ogunyinka Johnson, has praised NEM Insurance Plc for its prompt claims settlement, exceptional customer service, and strong commitment to policyholders.
Mr. Ogunyinka, who has maintained a comprehensive insurance policy with NEM Insurance Plc for over five years, gave the commendation in a video testimonial, citing the insurer’s efficient handling of multiple claims involving his two trucks.
According to him, the first claim was settled seamlessly, while the second—described as more challenging—was also handled professionally and to his satisfaction.
“The first claim was handled perfectly, and the second one, although challenging, was managed excellently. What surprised me most was the warm reception I received. An insurance company actually welcomed me with a beautiful cake for my birthday while paying my claim. That is not ordinary,” he said.
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Describing NEM Insurance as “a very good insurance company,” Mr. Johnson reaffirmed his loyalty to the insurer, noting that his positive experience has strengthened his relationship with the company.
“I have so much interest in NEM, and I will continue to maintain a very good relationship with them. Even without being prompted, I have been recommending them to people,” he stated.
He further noted that NEM Insurance stands out not only for providing reliable insurance coverage but also for building strong, trustworthy, and long-lasting relationships with its clients.
“Sincerely, I am very sure NEM has many people waiting to experience the kind of policy that gives them a solid ground,” he added.

Client Commends NEM Insurance for Prompt Claims Settlement, Exceptional Customer Care

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