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Invite policyholders with outstanding claims for settlement — NAICOM direct insurers

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The National Insurance Commission (NAICOM) has directed Chief Executive Officers (CEOs) of Insurance companies to invite policyholders with outstanding claims with their firms, through advert placement, to come forward to present their claims for settlements.

Sub-committee member, Committee on Publicity of the Insurers Committee,Mr Ben Ujoatuonu, said this at news conference on outcome of the 14th Insurers Committee meeting held on Thursday in Lagos.

Insurers Committee is a body consisting of NAICOM and CEOs of all underwriting insurance companies in Nigeria and operates under a mandate to activate the industry’s change agenda and strategically reposition the industry.

Ujoatuonu, also Managing Director, Universal Insurance Plc, said that the regulator was optimistic that the implementation of the directive would boost the confidence of the public in the insurance market.

“One of the critical issues discussed at the meeting is the issue of claims. NAICOM has directed underwriters to advertise for people to come forward to present their unpaid claims so that they can be paid,” he said.

According to him, the insurers committee had also begun discussions on effort to harmonise the documentation of claims to make it more seamless.

Ujoatuonu said, “The harmonisation would be in terms of document relating to claims, so that there would not be demand for too many documents that are not relating to a claim, to eradicate delayed or long outstanding claims payment.”

On the International Financial Reporting Standard (IFRS 17), the insurer said, NAICOM was making effort to assist operators to comply accordingly.

Ujoatuonu stated that the commission had given the insurance operators a latitude to submit their 2022 account of IFRS 17 and not necessarily the details by June, which was magnanimous enough.

He disclosed that NAICOM had sent letters to another set of insurance companies for the risk-based supervision monitoring visitation, hence, the concerned companies were preparing as such.

On customer service and engagement, the Universal Insurance CEO said the regulator advised the underwriters to design policies that would enhance customer relationship that attracts and retain customers.

In terms of the revised Third Party Motor Insurance Policy, Ujoatuonu stated that compliance by the insuring public had been encouraging, while the market would continue to sensitise the public on the benefits attached to the revised policy.

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Lagos Govt seals over 840 event centres, social facilities over safety violations

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By Sodiq Adelakun

The Lagos State Government has taken unwavering action against event centres and social facilities that violate safety regulations, sealing over 840 of them in the last one year.

This was disclosed by the Commissioner for Special Duties and Intergovernmental Relations, Gbenga Oyerinde during the ongoing Ministerial Press Briefing at the Bagauda Kaltho Press Center on Monday.

According to him, the Lagos State Safety Commission has carried out enforcement actions at various facilities, including event centres, clubs, lounges, hotels, and construction sites, to ensure compliance with safety standards.

Notable examples of sealed facilities include the Lekki Conservation Centre and Quilox.

In addition, the Commission has inspected over 7,819 facilities to ensure safety, issuing fire safety compliance certificates to 5,220 of them.

It was gathered that the Commission has carried out at least 365 advocacy initiatives to promote environmental safety.

In his words, “Our ministry in working in line with the THEMES Plus developmental Agenda of Mr. Babajide Sanwo-Olu, to mitigate risks and protect life and property of government and citizens of Lagos’ State, have sealed eight hundred and forty event centres and social facilities for safety violations and non-compliance of extant laws.”

The Commissioner also stated that fire safety officers from the States Emergency and Fire Rescue body successfully rescued 376 victims, preserving an estimated property worth of N152.22 billion, albeit with a regrettable loss of 82 casualties and N25.37 billion in property.

He also revealed that additional fire stations were added in Ibeju Lekki, Ifako Ijaiye among other locations across the state.

“In line with efforts to bolster infrastructure, three new fire stations are nearing completion in Ijegun-Egba, Satellite Town, and Ijede, while an ultramodern workshop at the Alausa headquarters is nearly finished to cater to the agency’s fleet maintenance needs.

“Additionally, land spaces have been identified for the development of additional fire stations in Ibeju, Lekki and Ifako Ijaiye,” he reiterated.

He added that Lagos State Fire and Rescue Service had prioritised fire mitigation and Emergency Response Strategies

He also said “the Lagos State Fire and Rescue Service is sustaining its focus on enhancing fire mitigation and emergency response strategies, aligning with the administration’s THEMES Plus Agenda. Under the leadership of Governor Babajide Sanwo-Olu, a collective effort was emphasised to address the challenges posed by fire incidents effectively.

“Key statistics from the year’s emergency calls revealed a total of 2,537 incidents, including 1,627 fire calls, 191 rescue calls, 93 salvage calls, and 4 explosions, alongside 607 false alarms.

“This highlighted the critical need for increased awareness of fire safety measures to combat the impact of negligence and non-compliance with safety codes,” he stated.

The Commissioner also highlighted the collaborative efforts with the Ministry of the Environment to improve the NYSC Temporary Orientation Camp (Youth Hostel) at Iyana-Ipaja.

Furthermore, he also revealed that the Lagos State Emergency Management Agency (LASEMA) responded to a total of 1,906 incidents between January 1, 2023, and March 31, 2024, comprising 1,461 incidents in 2023 and 445 incidents in the first quarter of 2024.

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State police, solution to Nigeria’s security challenges — Senate Leader

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Senate Leader, Opeyemi Bamidele, has said that the establishment of state police will go a long way in addressing the insecurity situation across the country.

Bamidele, who stated this in Abuja on Monday in a release issued by his media office, described the current state of policing in Nigeria as “ailing and dysfunctional.”

The statement read in part, “We must admit that the system can no longer guarantee the dignity of human lives and the security of collective assets considering our security dynamics in the Fourth Republic.

“The proposal for the creation of state police has been a subject of intense debate in the last decade or more.

“This, in part, can be attributed to the rise of armed attacks orchestrated by diverse interests either pursuing divisive agendas or seeking predatory ends in virtually all geopolitical zones.”

He noted that Nigeria, one of the world’s fastest-growing nations in terms of population, could not continue to operate a centralised policing system.

“Such a policing model cannot meaningfully address existential threats to our internal cohesion and stability. Unlike in 1979, when we had a population of 70.75 million, Nigeria is now a federation of about 229 million people and is currently the world’s sixth-biggest country.

“This is as shown in the demographic data of the United Nations. Contrarily, as revealed in the recent presentation of the Inspector-General of Police, Kayode Egbetokun, Nigeria has a police-citizen ratio of one to 650. “This ratio is a far cry from a ratio of one to 460, which, according to the United Nations, is a minimum requirement for every sovereign state or territory worldwide,” the Senate leader said.

The lawmaker further noted that the ongoing review of the 1999 Constitution would allow stakeholders to interrogate the nation’s security framework and take a position on the desirability or otherwise of state police in the country.

“We must go about it (state police) with a clear sense of self-realisation. We must, first and foremost, realise that the present police system is ailing and dysfunctional.

“We must also admit that the system can no longer guarantee the dignity of human lives or the security of collective assets.

“With this admission, it is evident that the option of adopting state police is no doubt inevitable as an antidote to the diverse security challenges that threaten us as a federation,” he said.

The Senate leader further said that as the debate for a more efficient police model continued, the National Assembly was under obligation to provide a legal framework with clearly defined preconditions.

“Sub-national governments must conform to the preconditions before establishing their policing formation. The role of all 36 state Houses of Assembly is equally indispensable in the quest to adopt the decentralised police system,” he said.

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Cement price hike causing building collapse – COREN

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Cases of building collapse in the country have been attributed to the arbitrary increase in the price of cement by producers of the product.

The President of the Council for the Regulation of Engineering in Nigeria, Sadiq Abubakar, stated this on Monday in his remarks at the investigative hearing organised by the House of Representatives Joint Committee on Solid Minerals, Industry, Commerce and Special Duties, to probe the price increase of cement in recent times.

This was as the Chairman of the Joint Committee and member representing Karu/Keffi/kokona Federal Constituency, Nasarawa State, Gaza Gbewfi, summoned the Chairman of the Cement Producers Association of Nigeria, David Iweta, for questioning over the development.

Iweta, who did to turn up for the investigative hearing on Monday, was summoned after previously turning down two invitations by the committee.

The committee also charged the association to desist from using frivolous court injunctions to interfere in its work as guaranteed by the provisions of the 1999 constitution (as amended)

“You will agree with me that an increase in the price of cement is one of the key culprits of building collapse. I am trying to connect the hike in the price of cement with the standardisation in our building and the direct connection of building collapse.

“There is a connection with that, and I think this something we must interrogate,” the COREN President said.

Gbewfi, while agreeing with Abubakar, also argued that the cost of cement has also brought about an increment in housing rents across the nation.

“Anything that has to do with livelihood should be treated as an emergency’” the committee chairman said.

At the investigative hearing, the joint committee also queried representatives of the Nigeria Building and Road Research Institute and the Federal Competition and Consumers Protection Council on the arbitrary price increase.

Gbewfi also chided the representative of the Chief Executive Officer of the FCCPC, Boladale Adeyinka for not doing enough to protect the consumers of cement in line with the Act establishing the agency, saying, “You are a mother that has forgotten your children.”

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