Boko Haram News- Churches May Be Asked to Insure Premises

by Free Insurance advice on February 3, 2012 · 0 comments

in Latest Insurance News

Enugu — Churches and mosques in Nigeria may soon be required to produce evidence of having their premises and property insured in the wake of Boko Haram spate of attacks.

An Insurance consultant, Mr. Yemi Shola Aboyi, dropped the hint in Enugu during the opening ceremony of a five-day training programme organised by the National Insurance Commission, NIACOM, for men of the Federal Road Safety Commission, Nigeria Police Force and Fire Service on Motor Third Party insurance, Occupier , Builders , and Healthcare Professional Indemnity Insurance.

Aboyi explained that religious organisations prayed for safety and protection of their members it is mandatory for them to get Occupier because places of worship are no longer safe in the country.

He stated that there is no better time to enforce these compulsory insurance in the country than now and underlined that there is need to protect people who are using public places for business and leisure.

Aboyi continued that there are many areas that Nigerians can be injured, died or disabled when patronising public building, facilities and places of worship therefore these compulsory insurance must be enforced.

He lamented that Nigeria is lagging behind in the world insurance industry and disclosed that while the total insurance premium in the country is about N1.3 billion a single insurance company in has premium of more than 250 billion dollars.

He disclosed that more 95 per cent of vehicles plying Nigerian roads are using fake and pointed out that the essence of the training which has the theme “The Training and Enforcement of Compulsory Insurance Product in Nigeria” is to help the police and Road Safety identify fake .

Aboyi disclosed that a certain percentage of is supposed to go to the Fire Service to buy equipment and recalled that the Fire Service originally was part of the Insurance industry but the British Government removed it and Nigeria with it British heritage follow suit.

In his remarks, Director Research, Statistics and ICT at the Nigeria Insurance Commission, NIACOM, Alhaji Adamu Balante stated that there is no way Nigeria can develop if the insurance sector is not developed.

Balante explained that besides Motor Insurance, there are other that are made compulsory by law because it is mean t to protect the third party.

He declared that the commission is ready to enforce these policies because the essence of government is to protect the governed from harm and loss.

Balante continued that part of the training would be a road show and a street sensitization programme to educate Nigerians on these compulsory insurance products.


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