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Insurance brokers warn against patronising quacks



NCRIB president Rotimi Edu and Lagos and trade fair

Nigerian Council of Registered Insurance Brokers (NCRIB) has advised Nigerians to patronise only registered insurance brokers for all their underwriting businesses.

The NCRIB president, Rotimi Edu, advised on the sidelines of the NCRIB’s Special Day at the 2021 Lagos International Trade Fair (LITR) in Lagos.

Mr Edu explained that it is to ensure that Nigerians get the best professional advice and go through a seamless process when buying insurance policies and processing claims payments.

He said that professionalism and standards among brokers were non-negotiable, as the council had laid down rules and also facilitated training to improve its members.

According to him, the participation of NCRIB at the fair for the first time was aimed at creating awareness and educating the public in a bid to increase insurance penetration.

“I am happy that we have taken insurance further from where it was and taken it closer to the doorsteps of Nigerians.

“Through the engagement, industry players have shown people a lot of opportunities available in insurance.

“The insurance companies that came to the fair for the exhibition will become conglomerates in a few years to come, depending on their business plan and focus.

“This will transcend into the golden premium for the industry in a few years and contribute to the nation’s Gross Domestic Product (GDP),” he said.

Mr Edu noted that the collaboration between NCRIB and the Lagos Chamber of Commerce and Industry (LCCI) would open up another avenue for business and growth of the industry.

Also, the chairman, Insurance Group, LCCI, Gboyega Olanbiwonnu, said that the collaboration between the council and the LCCI would add value for commerce and industry for Nigerians.

“NCRIB and LCCI are two great brands, having existed for 60 and 150 years respectively,” he said.

He added that the participation of the industry at the fair would deepen insurance penetration, which would, in turn, impact positively on the industry. 

The fair was held between November 5 and 14 with the theme “Connecting Businesses, Creating Value.”


Gov. Wike offers N50 million, automatic employment to physically-challenged person



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Governor Nyesom Wike has offered James Daniel, a disabled student of the Rivers State University with N50 million and automatic appointment as a university lecturer for bagging a Doctor of Philosophy (PhD) degree.

Mr Wike announced the monetary reward and appointment on Saturday at the 33rd convocation of the state university in Port Harcourt.

He said the honour bestowed on Mr Daniel was in recognition of his academic excellence and for being an inspiration to other disabled persons.

The governor cautioned state-owned universities to stop indiscriminate conferment of doctoral degrees on all manner of questionable candidates and people of material influence.

He emphasised that serious universities guard their reputation jealousy and award doctoral degrees only to students who have gone through years of rigorous intellectual research and interrogation and whose dissertation is independently adjudged to be sound and contributory to new learning.

He described as unfortunate, the current trend and practice in universities to award doctoral degrees indiscriminately, like chieftaincy titles, to all manner of questionable candidates.

Mr Wike also assured that the infrastructural development in the university started by his administration, including the four new campuses at Ahoada, Emohua, Ebara and Sakpenwa, will be completed by the second quarter of 2022.


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PDP inaugurates new NWC members December 10



Wadata House PDP National Secretariat

The Peoples Democratic Party (PDP) will hold presentation of certificate of return and swearing-in ceremony of its newly elected national officers on December 10 in Abuja.

A statement by the party National Publicity Secretary, Kola Ologbondiyan, in Abuja on Saturday said that the event would hold at the International Conference Centre, Abuja, by 9:30 a.m.

It said the transition from the outgoing to incoming national officers of the party was sequenced to the successful conduct of the October 30 and October 31 elective National Convention.

“Accordingly, the valedictory session of the outgoing National Working Committee (NWC) has been scheduled to hold on Wednesday, Dec. 8, at the NEC Hall of the National Secretariat, Abuja at 11am,” the statement said. 

The party advised all leaders, critical stakeholders and its members nationwide to note accordingly. 


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Sokoto APC kicks against reconstruction of central market by private contractors




The All Progressives Congress in Sokoto has called on the state government to reconsider its decision on Public-Private Partnership (PPP) for the reconstruction and management of the Sokoto Central Market.

The party said it was shocked the government plans to surrender the reconstruction and management of the market to financial interests outside the state.

The APC chairman in the state, Sadiq Achida, at a news conference on Saturday said, “By so doing, our business community will be open to undue financial exploitation. The action will be most unkind.

“Doing so implies that this is the only administration in the history of Sokoto that has failed in its duty of providing a conducive business environment.

“Instead, it has decided to surrender them to private financial institutions whose sole interest is profit maximisation,” he said.

Mr Achida accused the government of making the decision about the same time the federal government paid the state N18.2 billion as budget support.

The chairman said, “Therefore, as patriotic citizens of Sokoto, who have the interest of our people at heart, we call on the government to reconsider its decision and borrow a leaf from its predecessors.

“These are people who have left a legacy of a conducive environment for commerce and industry in Sokoto State,” he noted.


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