Fire disaster: NCRIB calls for adoption of insurance

Fire disaster: NCRIB calls for adoption of insurance Condole with Alafin, other victims Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has called on the public to adopt insurance to mitigate risks. The call has become necessary because of fire disasters witnessed in different parts of the country in recent time. In a statement by its President, Mrs ‘Laide Osijo, she sympathized with the Alaafin of Oyo, Oba Lamidi Adeyemi over the fire incidence that gutted part of his palace, adding that the effect of the fire on the royal father was great, considering the loss of important cultural objects of history that were kept in the palace. “The NCRIB is pained by the loss and we seize this opportunity to underscore the need for adequate preventive measures against fire disasters,” she said. Osijo reiterated the call for compulsory insurance of such historical and important public edifices as enshrined in the legal provision under Insurance Act 1997 (section 64 and 65) of insurance of public buildings. Similarly, she sympathized with victims of the Oko-Baba plank market in Lagos where properties worth millions of naira were lost. She implored individuals and corporate institutions to always conform to extant town planning laws in the erection of structures for private and commercial purposes as well as avail themselves the benefits of insurance, particularly those that relates to property.