The Reliance Insurance Trust Corporation (RITCORP) over the weekend dedicated its new office construction site at Percival Street in Freetown.
Speaking at the five-storey sod turning ceremony the chairman of the Board of Directors, Mohamed Babatunde Cole, said the idea of constructing a new head office that would benefit the status of RIRCORP could be dated as far back as 1995.
The idea, he went on, was postponed due to the rebel invasion which resulted in the economy of the country crippled and economic activities reduced.
The chairman added that with the coming of peace and their demand for a large space and the rentage of the current building they were now occupying the committee, director and management thought it wise to resuscitate the project.
Mr Cole went on, “a sub-committee of the board was formed to work closely with the MD to see the realization of this project. Their relentless professional and wise efforts have resulted in the actualization of this project which got the approval of the shareholders at the last Annul General Meeting.”
The building, which will provide a functional office space as well as enhance the public perception on RITCORP not only as an indigenous financial institution but one that is second to none, is expected to be a masterpiece architectural structure within central Freetown.
In his statement the director, Abu Bangura, said the company started as a family business until when the need arose for the Sierra Fishing Company which noticed that they were paying huge amount on insurance and so they decided that the company be changed from private to public company.
Mr Bangura happily said they would make sure that the project was completed within the shortest possible time, and urged the staff to make good use of the legacy they would be leaving behind.
A member of the Board, Mr J.P.A Koroma in pouring the libation, said “the project is not an inheritance” and that “the ceremony will be answered by God”.