By NGOZI Onyeakusi


(L-R) Company Secretary, Mrs. Taiwo Ogunbajo; Chairman, Prince Samuel Turoti; MD/CEO, Dr. Sakiru Oyefeso and Director, Mr. Alimson Ganiy all of STACO Insurance Plc at the 21st AGM of STACO Insurance held in Lagos

Staco Insurance Plc. assured its esteem shareholders of its resolve to expand its micro insurance aspect of business to ensure huge returns on investment.

The Managing Director/ CEO of the company, Sakiru Oyefesi gave the assurance during the firm’s annual general meeting in Lagos.

According to him, Staco had the intention of embarking on strategic expansion aimed at exploring and capturing new business for improved performance.

He highlighted economic recession, insecurity and high cost of business operation in the country as factors that negatively affected the company’s bottom line in 2016.

He however assured that the company has remained steadfast and committed to delivering values to shareholders.