Business
NACCIMA Wants Severe Penalty For Defaulting Insurance Firms
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for severe penalty for insurance companies found wanting in their transactions with clients.
The Director-General of the association, Dr John Asemede made the call in an interview with our correspondent in Lagos, on Tuesday.
Dr Isemede, therefore, urged the National Insurance Commission (NAICOM) to strengthen its monitoring units, to track down those that were out to tarnish the image of the industry.
He said that the trend, if allowed to continue, would discourage many from taking insurance policies.
“Most people no longer trust many insurance companies due to the dubious attitude of some of them.
“Most insurance companies cheat people by either under-valuing or over-valuing goods, while some delayed the payment of claims in the event of a loss.
“The Federal Government and NAICOM should monitor the companies because most of them deal with clients wrongly and go unpunished,” he said.
Isemede also called on concerned bodies to provide adequate insurance cover for commercial motorcycles and tricycle riders.
He reiterated the need for journalists and workers in other delicate professions to acquire insurance cover.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension