With its vaults brimming with shareholders funds of N3.62 billion, Prestige Assurance Plc says it is diversifying into estate development. Already, the company is into lease commercial papers, banker’s acceptance and Pension Fund administration.

The chairman of the company, Chief Charles Sankey, said at the 37th annual general meeting in Lagos that Prestige Assurance also hopes to embark on aggressive marketing through branch expansion. Sankey, whose company has absolute confidence in the economy, pledged Prestige Assurance Plc’s readiness to explore the immense opportunities in Nigeria to make the company a robust financial supermarket. His words: "We have absolute confidence in the Nigerian economy and fervently believe that the country will be the financial hub in Africa in the near future.

"With a strong determination by government to pursue its ongoing reform programmes and a conductive environment for business to thrive, Prestige Assurance Plc will explore the immense opportunities in Nigeria’s economy to build a robust financial supermarket that guarantees good returns on investment.
"For us to realize our vision, our company has successfully embarked on lease financing, commercial papers, bankers’ acceptance and investment in pension fund administration.

"We intend to diversify into real estate development and take advantage of the new opportunities in the mortgage industry to further stimulate the growth of the company. We also intend to open new branches in Ibadan and Abuja as part of aggressive marketing efforts to expand our clientele base and improve on our turnover,"

Sankey assured that the company would employ as well as retain the best professionals from diverse educational backgrounds to deliver quality services and add values to its operations.
"Prestige Assurance Plc parades highly dedicated and experienced staff. This of course has not only enabled us to deliver good return to investments, but also put us on top of our peers in the industry."

Sankey attributed the company’s laudable success to the efforts of its parent company, New India Assurance Company Limited and the shareholders.