President of Nigerian Council of Registered Insurance Brokers (NCRIB),(3rd left ) Ayodapo Shoderu presenting a plaque to the Managing Director Nicon Insurance Plc, Samuel Bayode while Deputy President of NCRIB, Kayode Okunoren; Commissioner for Insurance, Muhammed Kari; Vice President of NCRIB, Shola Tinubu and another Nicon Staff looks with admiration during the August Edition of Broker Evening sponsored by Nicon Insurance Plc held today in Lagos.
Chuks Udo Okonta
Insurance brokers under the umbrella of Nigerian Council of Registered Insurance Brokers (NCRIB) has called on President Muhammadu Buhari to include the avoidance of compulsory insurances in the ongoing fight against corruption.
The President of the NCRIB, Ayodapo Shoderu, said this today at the NCRIB August Members Evening in Lagos. He noted that avoidance of compulsory insurances is high level of corruption, therefore, it must be included in the ongoing fight against corruption.
He called on the government to support insurance practice through enforcement of relevant laws especially, laws on compulsory insurances.
"There are almost six compulsory insurance policies that have been highlighted by our regulator; we need government support and backing to enforce them. It is of common knowledge that incumbent administration will not tolerate corruption of any sort, I like to say that avoidance of compulsory insurances is high level of corruption, therefore, it must be included in the ongoing fight against corruption," he said.
He also commiserated with the families of the victims of the ill fated Bristow Helicopter and called on the leadership of the Nigerian Civil Aviation Authority (NCAA) to do all that is necessary to stem air crashes.
"Barely two weeks ago, the pendulum of disaster swings again into aviation industry where four people including a pilot were confirmed dead and other passengers on board sustained injury of different magnitude in an ill fated Sikosky 76 helicopter owned by Bristow Helicopter Nigeria Limited.
"We commiserate with the families of the victims and pray that God will give them fortitude to bear the irreparable loss. It is of grave concern to us not only because we are humane, but also that we are into business of risk taking. We are using this medium to beckon on the leadership of Nigerian Civil Aviation Authority (NCAA), as a matter of urgency to ensure that crashes of air craft in Nigeria becomes a thing of the past.
"They should also ensure that no Airline Operator is allowed to operate without adequate insurance cover. Adequate insurance will guarantee, that in case of any unfortunate incident, the bereaved families will have something to fall back on.
"On our part as Insurance Brokers, we have taken our awareness campaign to the Airline Operators of Nigeria (AON). I like to report to you that we have had meeting with the representative of the Association and a further meeting is to be rescheduled for a later date, not only with AON, but also other professional bodies in the Aviation Industry, to ensure that the mechanism of risk taking provided by law is strictly adhered, to avoid double tragedy for the families of victims.
"For the umpteenth time, we are using this medium to call on government to also throw its federal might behind the entrenchment of insurance policies not only in Aviation Industry but all other sectors," he said.
The Commissioner for Insurance Muhammed Kari, urged the brokers to esteem the ethics of the profession, stressing that the National Insurance Commission (NAICOM) will continue to support the broking body through enactment of regulations that enhance professionalism and deepen the insurance market.
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