‘N98 billion probe’: Speaker Abbas seeks dismissal of insurers’ CEOs’ restraining suit 

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The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen has asked the Federal High Court, Abuja, to dismiss a restraining suit filed by the Nigerian Insurers Association (NIA) and 17 insurance companies over the ongoing probe into alleged N98.4 billion liabilities involving non-government-funded insurance firms in Nigeria.


The request for dismissal is contained in a counter-affidavit dated November 6, 2025, filed by Mrs. Bukola O. Adeagbo, lead counsel for Tajudeen, the House Committee on Capital Markets and Institutions, Hon. Kwamoti B. Laori, and Hon. Bob Solomon, as exclusively obtained by Nairametrics.


The legal response followed a temporary restraining order earlier granted by the court, stopping the House from summoning the NIA and the 17 insurers in connection with the probe, pending the hearing of the substantive suit.

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