Company’s IFRS Approval, Product Of Determination – MD

The Managing Director,
Staco Insurance Plc, Sakiru Oyefeso has attributed the approval of her 2012 International Financial Reporting Standard (IFRS) account by National Insurance Commission (NAICOM) to determination.
According to the company’s statement, the approval was possible due to the hardwork of all the management, board of directors and the effort of the entire staff  towards IFRS compliant.
The Managing Director noted that the transition to IFRS reporting standard was not an easy one, adding that the joy is that Staco has become one of the few companies to be IFRS compliant in 2013.
He noted that the company would be committed in ensuring that compliance issue is not compromised in subsequent reports, adding that the company would work hard to exceed the expectation of the regulators.
He further assured that the company was determined to ensure that its stakeholders continue to get the desired satisfaction from the company’s service, adding that Staco always put the interest of her customers first.
It would be recalled that the approval of 2013 IFRS account was gotten at the end of 2013 and that many assurance companies were yet to get the approval of IFRS compliant reporting standard account from NAICOM.