Expression of Interest For Appointment Of Insurance Companies/Brokers For The Nigerian Security Printing And ... in Nigeria

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Expression of Interest for Appointment of Insurance Companies/Brokers for the Nigerian Security Printing and Minting Plc for 2025 and 2026 Category a: underwriters Lot K1: Underwriters for general (non-life) business Lot K2: Underwriters for life business Category B: Brokers Lot P: Brokers Date Added: October 28, 2024 Deadline: 26/11/2024 Category: Insurance Eligibility: a. Evidence of certificate of Incorporation with the Corporate Affairs Commission (CAC) including memorandum and articles of association, form CAC1.1 or CAC2 and CAC7 business name is also acceptable for brokers; b. Evidence of Companys Income Tax Clearance Certificate(or personal income tax clearance certificate of all the partners in case of business name) tax clearance certificate for the last three (3) years valid till 31st December 2024 c. Evidence of pension Clearance Certificate valid till 31st December, 2024 (this requirement is only applicable to bidders whose number of staffs is 15 and above); d. Evidence of Industrial Training Fund (ITF) Compliance Certificate Valid till 31st December, 2024 (this requirement is only applicable to bidders whose number of staff is 5 and above or the bidders annual turnover is N50m and above); e. Evidence of Nigerian social Insurance Trust Fund (NSITF) Clearance Certificate Valid till 31st December 2024; f. Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on 31/12/2024 or valid Certificate issued by BPP; g. Sworn Affidavit: Disclosing whether or not any officer of the relevant committees of the Nigerian security printing and minting plc or the Bureau of Public Procurement is a former or present Director, Shareholder or has any pecuniary interest in the bidder and to confirm that all information presented in its bid are true and correct in all particulars; h. Evidence of firms current registration with the financial reporting council of Nigeria (FRCN); i. Verifiable documentary evidence of at least five (5) similar jobs executed in the last five (5) years including Letters of awards, Valuation Certificates, Job Completion Certificates and photographs of the project; j. Insurance underwriters: i. Operational license issued by NAICOM; ii. Valid and adequate re-insurance treaty arrangement and; iii. Certified true copy of audited accounts for the last three (3) years 2021,2022 & 2023 approved by NAICOM; iv. Evidence of minimum shareholder fund of ten billion naira (N10,000,000,000.00) for general business, eight billion naira (N8,000,000,000.00) for composite insurance companies k. Insurance brokers: i. Valid operational license certificate issued by NAICOM; ii. Valid current professional indemnity policy with limit of indemnity not less than N10 million for protection against wrong advice iii. Certified true copy of audited accounts for the last three (3) years -2021, 2022& 2023 approved by NAICOM Note: All documents for submission must be transmitted with a Covering/Forwarding letter under the Company/Firms Letter Headed Paper bearing amongst others, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address, Telephone Number (preferably GSM NO.) and e-mail address. The Letter head Paper must bear the names and Nationalities of the Directors of the Company at the bottom of the page, duly signed by the authorized officer of the firm. Note: any company indebted to NSPM plc. In respect of all discharged claims as at 31st December 2023 need not apply Note: a. Late submission shall be returned un-opened b. All submissions should be arranged and numbered in the order listed above; c. NSPM plc shall deal directly with only authorized officers of the interested companies and not through individuals or agents d. All costs incurred by the bidders as a result of this application and subsequent request for information shall be borne by the bidder; e. Bidders can submit through post (courier services) f. The bids will be opened in the presence of (Civil society organizations ) CSOs and professional bodies; g. Only shortlisted firms will be invited at a later date for collection of request for proposals (RFP); h. The NSPM plc is not bound to shortlist any bidder and reserves the right to annual the procurement process at any time without incurring any liabilities in accordance with section 28 of the public procurement act, 2007. Tender Link : https://etenders.com.ng/nigerian-security-printing-and-minting-plc-request-for-expression-of-interest-for-the-appointment-of-insurance-companies-brokers-for-the-nigerian-security-printing-and-minting-plc-for-2025-and-2026/

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