Monday, 4 November 2013

NIA moves to block over N46bn leakage in marine business


Chuks Udo Okonta

The Director-General Nigerian Insurers Association (NIA) Sunday Thomas, said efforts have commenced on eradicating fake marine certificates which cost the industry over N46 billion yearly.

He disclosed in Lagos, adding that the association having made tremendous progress in the deployment of motor insurance data, efforts have been intensified to deplore marine data which will be followed by property and other classes of insurance. 

Observers have called on NIA to collaborate with government to ensure the provision for electronic invoices that will be issues to customs, the importers and insurers to reduce the incidences of under declaration in the system and allow for easy monitoring by concerned stakeholders.

They also canvassed the adoption of electronic tracking system for the vessels operating in the nation’s sea ports.

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