Sovereign Trust Insurance Plc has announced that it has met the statutory deposit requirement of N1.5 billion, as mandated for non-life insurance companies, by successfully depositing the amount with the Central Bank of Nigeria (CBN). This compliance is in line with the regulations set forth by the National Insurance Commission (NAICOM). The timely fulfillment of this financial obligation underscores the company's commitment to adhering to industry standards and regulations.
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