Whistle Blowing Policy of Guinea Insurance Plc

In compliance with International best practice, the board of Directors of Guinea Insurance hereby indicated establish a whistle blowing policy that should be communicated to all employees, stakeholders such as contractors, shareholders, job applicants as well as the general public.

It is the intent of Guinea Insurance Plc to adhere to all laws and regulations that apply to the organization, and the underlying purpose of this policy is to support the organization’s goal of legal compliance.

The support of all stakeholder is necessary to achieving compliance with various laws and regulations.

Guinea Insurance Plc will not retaliate against an employee or stakeholder who, in good faith, has made a protest or raised a complaint against some practice of the Company, or of another individual or entity with whom Guinea Insurance Plc has a business relationship, on the basis of a reasonable belief that the practice is in violation of law or a clear mandate of public policy.

Guinea Insurance Plc will not retaliate against an employee who discloses or threatens to disclose to a regulatory body any activity, policy, or practice of the Company that the employee reasonably believes is in violation of a law, or a rule, or regulation mandated pursuant to law or is in violation of a clear mandate or public policy concerning the health, safety, welfare, or protection of the environment.

The Board of Directors hereby implements amongst others the following policy for the understanding of the Staff and the general public: That Guinea Insurance Policy does not abhor unethical practices and as such, any illegal or substantial unethical behavior will be reported to management who will thereafter investigate and take appropriate actions to forestall future occurrences of such practice

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Guinea Insurance Company Limited became operative from December 3, 1958. The Overseas shareholders held 51% majority shares before the indigenization decree of 1976, reversed the holding to 60% Nigerian interest, 40% overseas.

The Overseas Shareholders divested their 40% holding to existing Nigerian Shareholders in 1988 thereby making the Company 100% Nigerian.


Guinea Insurance House
33 Ikorodu Road Jibowu, Lagos.

Copyright © 2020 Guinea Insurance Company Limited RC1808. Authorised & Regulated by the National Insurance Commission RIC N0. - 017