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Sovereign Trust Insures Yudala

Posted: Jul 30, 2015 at 12:16 am   /   by   /   comments (0)

The management of Yudala, an online and offline retail chain in Africa has appointed Sovereign Trust Insurance Plc as the official insurer to the organisation in Nigeria.

As the official insurer to Yudala in Nigeria for all online transactions and offline purchases in the different outlets spread across the country, Sovereign Trust is providing All Risks Insurance Cover to indemnify customers of Yudala in respect of any product purchased from the retail chain.

The scope of cover is includes damage to and/or electronic breakdown of any item so purchased. It is an open-cover policy which means customers of Yudala can have their purchased items insured for one year on an on-going basis.

At the signing ceremony of the Memorandum of Understanding in Lagos, both parties acknowledged that the partnership would help engender a great deal of trust and confidence on the part of customers as they will be guaranteed of getting genuine products from the retail chain, as well as adequate cover for their assets from the insurance company.

The Chairman of Zinox Technologies, the brain behind Yudala, Leo Stan Ekeh, assured prospective shoppers of Yudala that they would be getting real value for their money for whatever product is purchased from any of the Yudala platform.

He said “I will love to see a lot of this business partnership as that of Sovereign Trust Insurance Plc and Yudala emanate from our shores from time to time as it would help keep alive the entrepreneurship flame in driving the Nigerian economy and beyond. It is indeed a union that I am so much pleased, is seeing the light of day.”

In his remarks, the Managing Director of Sovereign Trust, Wale Onaolapo, pointed out that his organisation is delighted to be associated with the Yudala brand and is also very optimistic that the relationship will be an enduring and rewarding venture for both parties.

He said Sovereign Trust is poised to providing top-notch underwriting services driven by technology to Nigerians both home and abroad. “This is a union of two great brands with shared value of an indigenous enterprise operating globally both in outlook and reach. This is a relationship that has come to stay.”