A&G Insurance pays over N1.2b claims to NCAT

A&G Insurance pays over N1.2b claims to NCAT

 

Chuks Udo Okonta

Alliance & General Insurance (A&G) Plc has paid over N1.2 billion claims to Nigeria College of Aviation Technology’s (NCAT) aircraft that crashed in 2010, its Chief Operating Officer (COO) Dotun Onipede, has said.

Recall on 23rd May, 2010 a plane belonging to NCAT crashed during the process of landing by a trainee pilot, however there was no causality, but the plane a model, TAMPICO TB9 plane was totally wrecked with many of its components totally bruised, including the propeller, the engine, the sliding gear, the fartewells, the wings and the plane curling.

Onipede said the firm spent over N250 million on one of the Aviation College's most prestigious aircraft, 5N-CAG that crash landed months ago to be ferried to Denmark for repairs.

He noted that the aircraft is ready, adding that the Nigeria Civil Aviation Authority (NCAA) has gone to inspect and will soon issue a ferry-permit to allow the aircraft to be returned to Nigeria.

He said the crash is indeed pathetic but "we should give glory to God that no life was lost in the process, adding that "Our company is ready to tackle this issue with high level of urgency required being the only training institute for pilot in Nigeria."

He said: "Our consistency in the payment of claims has strategically placed us as a well established and reputable insurance company with high level of integrity and whose word remains her bond.”

He reaffirmed the company's commitment to settle claims, adding that the aviation mishap that took place in NCAT, Zaria will be a thing of history as the company is on ground to fulfill all its commitment.

 "It is in our character to face challenges of this nature as it can be seen in our records in the insurance industry,” he said.

Onipede stressed that the firm is trying to restructure its business in line with the standards expected of them in the industry in accordance with regulatory provisions.