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Heirs Insurance, Heirs Life Assurance commence Bancassurance partnership with UBA, promising customers seamless access to Banking and Insurance

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Two of the leading insurance companies in Nigeria, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have commenced a bancassurance partnership with global banking group, the United Bank for Africa (UBA).

The partnership will permit the distribution of affordable and dependable insurance products for all, at UBA Nigeria branches, providing a wider range of financial security options for individuals, families, and businesses, whilst driving financial inclusion, a strategic objective for both groups.

The rollout begins September 14, 2022.

The bancassurance partnership offers customers of all three entities an expanded distribution network and the ability to seamlessly transact banking and insurance needs in a single location.

Customers will be able to purchase insurance from all UBA Nigeria distribution channels, including the branches.

Heirs Insurance and Heirs Life have demonstrated their unique approach to insurance and customer experience, that emphasises simplicity and accessibility, propelled by their innovative digital insurance processes.

The new bancassurance partnership underlines their mission of improving lives and transforming Africa, while democratising access to financial services.

Adaobi Nwakuche, MD/CEO, Heirs Insurance, said: “We are pleased to partner with a trusted and innovative bank such as the United Bank for Africa.

This partnership will offer millions of people nationwide the financial security that is so needed. We are committed to our transformative path of improving the lives of Nigerians, while ensuring that insurance is made accessible to all”.

Niyi Onifade, MD/CEO, Heirs Life Assurance, said: “We promised Nigerians accessibility to insurance, and this bancassurance partnership is one of the key ways we are fulfilling that promise.

The new bancassurance partnership with UBA reaffirms our shared digital-first approach and innovation culture, which inspire us to provide the utmost value to our customers.

We appreciate our regulator, the National Insurance Commission, and of course, the Central Bank of Nigeria for granting us the necessary approval and placing their confidence in us”.

Speaking on the rollout, the Group Managing Director, UBA, Oliver Alawuba, said: “As a financial institution, with a presence in 20 African countries, and the USA, France, UK and the United Arab Emirates, UBA prides itself on being an innovative, one-stop shop offering financial solutions to its over 35 million customers, from our various touchpoints.

This partnership with Heirs Insurance Limited and Heirs Life Assurance helps us once again to significantly expand our branch and digital offering, to the benefit of our customers and advance our commitment to driving financial inclusivity.”

He added: “Our customers and those of Heirs’ insurance families will enjoy a bouquet of innovative and affordable products, through the rich distribution channels provided by UBA”.

Regulated by CBN and NAICOM, bancassurance allows banks to offer insurance products or benefits to the bank’s customers through partnership with insurance companies.

About United Bank for Africa

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 35 million million customers globally.

Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology on the continent.

About Heirs Insurance & Heirs Life

Heirs Insurance and Heirs Life are the insurance subsidiaries of Heirs Holdings, a pan-African investment group, with a portfolio spread across 24 African countries and four continents.

Both companies are leading the digital insurance play in Nigeria and are on a mission to democratise access to insurance.

Heirs Insurance and Heirs Life are committed to providing simple, quick, reliable, and accessible service while offering life and general insurance plans that address the needs of individuals and organisations

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Technology, key to growth in Niger Delta — NDDC MD

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The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has emphasised the importance of technology in driving economic growth and social development in the Niger Delta region.

Speaking at the Port Harcourt Tech Expo 2024, Ogbuku, said it was necessary for the NDDC to collaborate with technology experts to impart skills to the youths and boost their chances of gaining employment in the field of technology.

The NDDC Chief Executive Officer said that by sponsoring the Tech Expo, the Commission was demonstrating its commitment to fostering technological growth and development in the region.

He noted, “Technology is key to the future of the Niger Delta. The way technology is changing, it is only wise to change with the times and prepare for the future. We are ready to collaborate with relevant organisations to provide a training platform for our youths.

“We are already collaborating with the Rivers State Government to drive the Holistic Opportunity Project of Engagement, HOPE, project in the area of Information and Communication Technology, ICT.”

Ogbuku said that the Commission was revamping the Rivers State ICT Centre in partnership with the government to empower the youths with needed skills in the rapidly advancing technological era.

He said that the Commission would ensure that the facility was not just available but in top shape, ready to accommodate the anticipated vast number of participants in the Commission’s ICT hub and job creation initiative.

Ogbuku said further, “We need to build our youths and our children as well. We have acquired 45,000 U-lesson tablets for distribution to schools for the use of our children. We will launch the tablets and deploy them to schools across the region.”

The NDDC boss said that the world of tomorrow would be shaped by the designs and technologies emerging today.

“It is up to us, as individuals and organisations, to determine what happens next,” Ogbuku noted.

A keynote speaker and a Professor at the Illinois Institute of Technology, Chicago, USA, Dr. Maurice Dawson, addressed the subject: “Cyber Security and Artificial Intelligence.” He remarked that Nigeria was the fastest growing digital economy in Africa.

According to him: “Cyber Security is the act of protecting networks, devices and data from unauthorised access or criminal use and the practice of assuring confidentiality, integrity and availability of information. In a world driven by computers and the internet, cyber security was very critical.”

In another presentation, a lead forensic examiner, Dr. Tombari Sibe, said that the landscape of cyber security was widening on a daily basis. Speaking on the topic; “Cyber Security; Emerging threats and countermeasures,” he noted that the global cost of cybercrime was rising exponentially, adding that it was a top risk threatening digital transformation in Nigeria.

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Again, fire razes four shops in Benin

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By Elvis Omoregie, Benin

Men of the Federal Fire Service, Edo State Fire Service, Nigerian Army School of Supply and Transport Benin, the University of Benin Fire Service (UNIBEN) and the University of Benin Teaching Hospital (UBTH), on Wednesday battled helplessly to put out a raging fire that razed four shops on the busy Ugbowo-Lagos road.

The fire incident was said to have started from one of the shops, dealing in Hospital and Laboratory equipment, and later spread to other shops within the building.

It was gathered that the fire incident occurred by 2pm and caused a lot of anxiety as residents and shop owners made frantic efforts to salvage the goods, while operatives of the different fire services were on ground to fight the fire, without any luck.

The correspondent who visited the scene of the inferno discovered that all four shops directly opposite the University of Benin Teaching Hospital (UBTH) were completely razed in the inferno.

Speaking with one of the shop owners who operates a Boutique, Mr. Sunday Madubuko said about 2.45pm, a shop next to his was on fire, as he was told by the shop sales girl.

“The sales girl ran to my shop telling me that a fire was burning in our office, I told her I  don’t have a fire extinguisher. Before I knew it, the fire extended to my Boutique. All I  know is that the fire started from the Laboratory Shop and spread to other shops. The cause of the fire, I still don’t know. What I lost in the inferno is goods worth over N20,000,000,” Madubuko said.

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Okuama: Delta Gov. inaugurates IDP Mgt committee

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By Dave Okpogadie, Asaba

As a way of bringing succour to the displaced people of Okuama community in Ughelli South Local Government Area of Delta State, Governor Sheriff Oborevwori on Wednesday inaugurated Internally Displaced Persons (IDP) Management Committee.

The Committee has veteran journalist and former Editor of The Guardian Newspaper, Mr Abraham Ogbodo as Chairman, and Director of Personnel Management, DPM, Ughelli South Local Government Council, Chief Austin Emaduku as Secretary.

Other members include Senator Emmanuel Aguariavwodo, Hon. Festus Utuama, Hon. Reuben Izeze, Dr Richard Kofi, Chief Oviri Uto, Hon. Josephine Oduaran, Obukohwo Henry Ediyo, Karo Ovemeso and Austin Ohwofaria who will serve as Camp Commandant.

Inaugurating the Committee at Government House Asaba, Governor Oborevwori charged the Committee to carefully plan the resettlement and rehabilitation of the innocent citizens of Okuama community.

Oborevwori said, “I welcome all of you to the inauguration of a Committee charged with the duty of planning and coordinating the settlement and rehabilitation of our people at Okuama.

“Much as we condemned in strong terms the dastardly act that took the lives of our gallant officers and soldiers of the Nigerian Army.

“We will do everything we can to reduce to the barest minimum the attendant effects on the common man in Okuama community.

“Innocent people have been displaced, their homes and properties destroyed, this was, and still is, an unfortunate and most unexpected development.

“Like I said when I visited Okuama the other day, the President and Commander in Chief of the Armed Forces, and the military agreed that innocent people in Okuama should not be made to suffer needlessly.

“This is why we sincerely believe that sooner than later, the innocent ones will be allowed to return to their homes.

“It is now right for the government to set up a committee to plan their resettlement and rehabilitation ahead of their return. This is the minimum we owe our people, we have to reassure them to have a sense of belonging as we make adequate arrangements for their settlement and rehabilitation.

“Note that you have been carefully chosen based on your previous antecedents, we are therefore confident that you will do a transparent, thorough and selfless job that not only the people of Okuama but every Deltan will be proud of you as you make adequate arrangements of receiving them and lessening their pains.

He urged them to attach a sense of urgency to the assignment.

“We must demonstrate the highest degree of love and responsibility towards our people. That is the least we can do for them.”

Responding on behalf of members of the committee, the Chairman, Abraham Ogbodo, expressed appreciation to the governor for finding them worthy to serve in the committee.

He said their appointment into the committee was a call for service and assured the governor and Deltans that, by the grace of God, they would live up to expectation by delivering the needed services to the people.

According to him, members of the committee would work with the sense of urgency that the state assignment requires, assuring that they would be transparent, thorough and selfless in addressing the humanitarian crisis in Okuama.

Recall that Okuama is the community in Delta State where about 17 soldiers were ambushed and brutally murdered by criminal elements a few weeks ago.

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