A Review of the Nigerian Energy Industry

NCRIB commends LASG on insurance for security personnel

17 June 2015, Lagos – The Nigerian Council of Registered Insurance Brokers (NCRIB) has commended the Lagos State Government (LASG) for approval of upward review of the Group Life Insurance scheme for officers of the Nigeria Police in the state.

Akinwumi Ambode, Lagos State governor

The NCRIB’s President, Mr. Ayodapo Shoderu described the initiative by the state governor Mr. Akinwumi Ambode  as the right step in a right direction, stressing that the move would encourage crime control and make the state safe for habitation and business growth.

Shoderu noted that the initiative was an indication that the governor values the importance of the service of security personnel, including the police, stressing that the governor should not relent, but extend the same gesture to other employees of the state as well as back it up with prompt payment of premium.
According to him, the scheme, which was introduced by the state government 16 years ago to complement the Federal Government’s contributory scheme, to cover death and permanent disability of the police would ensure that their dependants live normal life in the event of death or permanent disability of their breadwinners.
He, however,  enjoined other state governors to emulate Lagos State by paying more attention to the insurance of public properties as well as undertake life assurance for security personnel serving in their states, saying that Lagos State has become a pace setter in terms of social security.
It will be recalled that Governor Ambode  recently announced that in fulfillment of his promise to sustain, improve and consolidate on past attainment, there will be upward review of the compensation value of Senior Police officers to N5 million; Inspectors to N3 million while rank and File was hiked N2 million respectively.
Meanwhile, given the spate of fire incidents at various market places and of recent, petrol tankers accidents across Nigeria, Shoderu enjoined the governors to urgently review the law relating to general public insurance, stressing that the spate has continued to deplete the hard earned wealth of the nation.
Making reference to the recent Idimu fire which occurred in the wee hours of Saturday at an intersection where about 34 buildings, 70 shops, one tricycle and one truck were consumed by the fire ignited by a fallen petrol-laden tanker, Shoderu enjoined the governors to also consider adequate insurance policy to cover such incidences.

– This Day

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