EFCC invites NAICOM Commissioner for Insurance Olusegun Ayo Omosehin over allegations concerning fees charged during the insurance recapitalisation exercise. The inquiry comes after 43 insurance companies scaled the recapitalisation process, putting fresh focus on the transparency and administration of the exercise. August 12, (THEWILL) — The Economic and Financial Crimes Commission (EFCC) has invited the Commissioner for Insurance, Olusegun Ayo Omosehin, for questioning over allegations surrounding fees collected from insurance companies during the sector’s recapitalisation exercise. The development comes shortly after NAICOM’s recapitalisation exercise, which saw 43 insurance companies scale the capital verification process. The companies also alleged that they were required to pay ₦180 million as a recapitalisation verification fee.