Ikoyi building collapse: NIA makes case for insurance cover
The Nigerian Insurers Association (NIA) has described the recent collapse of a 21-storey building on Gerard Road, Ikoyi, Lagos State as a big loss to the country.
In a statement by its Director-General, Mrs. Yetunde Ilori, the association commiserated with the families of those who lost loved ones, wishing those hospitalised quick recovery.
Latest report showed that 44 victims lost their lives while others were injured.
Noting the incessant building collapse in the country, NIA emphasised the need for the public to comply with rules to stem building collapse, and to adopt insurance to minimise losses and protect lives.
She assured the insuring public of the industry’s capacity and readiness to respond to the needs of Nigerians through the provision of insurance protection to citizens.
Meanwhile, at a separate event, the chieftains of the industry, under NIA, have assured President Muhammadu Buhari of the sector’s continuous support to the government’s developmental initiatives.
They gave the assurance when they visited the president and conferred on him the grand patron of the Chartered Insurance Institute of Nigeria (CIIN) and Fellowship in Abuja.
Delegates from the sector, including NIA President, Mr. Ganiyu Musa, Mrs Ilori, representatives of the Nigerian Council of Registered Insurance Brokers and the National Insurance Commission were present on the occasion.
The President/Chairman, CIIN, Muftau Oyegunle, said: “In recognition of the laudable initiatives and programmes of your administration, it is our great privilege and with much delight that we confer on you, the highest honour of the institute.’’
“We seek more of such support in the area of increase patronage by Ministries, Departments and Agencies of the Government through adequate insurances of government properties and also in the area of speedy passage into law, of the Consolidated Insurance Bill 2020, which has just been laid on the floor of the House,” he said.
The team also acknowledged and appreciated Buhari for his presence at the recently-held African Insurance Organisation Conference in Nigeria.