Business
2013: NAICOM Pays N2.2bn Claims, Resolves 61 Disputes
The National Insurance Commission (NAICOM) said on Saturday that its complaint bureau resolved 61 disputes and facilitated the payment of N2.2 billion claims in 2013.
The Head, Corporate Affairs of NAICOM, Mr Salami Rasaaq, said this in a statement made available to newsmen in Lagos.
According to him, this is in realisation of the commission’s continued effort at ensuring the protection of policy holders and insurance consumers over settlement of genuine insurance claims.
“The commission received a total of 193 complaints from insuring public, insurance companies, insurance intermediaries and legal practitioners in 2013.
“Out of this figure, 61 complaints were successfully resolved in 2013 through correspondence, adjudication meetings and direct contact with the insurance companies.
“The settled cases amounted to N2, 236 million, while the remaining 132 complaints are at various stages of settlement with some nearing closure,” he said.
Rassaq said that through the adjudication meetings, 15 cases were settled while one case was under subjudice.
He said that some of the claims and disputes settled were on Group Life, Fire, and non-payment of brokers’ commission, motor vehicles, maturity benefits, Life policy, aviation, burglary and theft.
Rasaaq said others were non-remittance of premium to insurance companies, severance benefits, bonds, investment, marine, death benefit, goods on transit, non-payment of loss adjusters’ fees and annuity benefits.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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