Goldlink Insurance to raise N8 Billion from Investors

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The Interim Management Board (IMB) of Goldlink Insurance Plc said they are planning to raise N8 billion in the next two months as part of the growth strategy to resuscitate the insurance company.

Executive Director Mrs Funke Moore who represented the Managing Director Gbolahan Olutayo disclosed to market operators at the company facts behind its restructuring in Lagos.

With a profit forecast in 2017, 2018 and 2019 once that are able to raise the capital, she assured capital market stakeholders that the company will bounce back to profit, while emphasising that the National Insurance Commission (NAICOM) are working with the Securities and Exchange Commission (SEC) to recover 1.2 billion units of the company shares that was sold unjustly.

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