Since he was “settled” by his master over 15 years ago, Nnadozie Anaele, a businessman who owns a thriving electronics business has refused to listen to insurance companies that are jostling for his attention.

Barely three weeks to the December 31 deadline given to insurance companies to reach 50 per cent of the new capital threshold, 23 companies are yet to kick-start the process of meeting the benchmark.

The information was made available by Mr Rasaq Salami, Head, Commissioner for Insurance Directorate of the National Insurance Commission (NAICOM) in a statement on Saturday in Abuja.