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Insurance Act Amendment scaled second reading in the Senate

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Insurance Act amendment Bill, sponsored by Senator Ibikunle Amosun representing Ogun Central Senatorial district, scaled second reading in the Senate at Wednesday’s debate.

The Insurance Act, 2003 (amendment bill) which was first read on Tuesday, 24th November, 2020, seeks to set a minimum limit of compensation in event of loss suffered by the insured.

In his lead debate, the former governor of Ogun State argued that there have been casualties which were not the fault of the insured, but the victims were left without compensation, noting that the essence of amendment was meant to compel insurance companies in Nigeria to have minimal standard of compensation to victims.

“The general principles of a Bill for an Act to amend the Insurance Act, 2003, is to set a minimum limit of compensation in the event of death, injury or loss of property of third parties, with respect to insurance of public buildings and buildings under construction and for related matters, 2021,” he said.

The lawmaker expressed concern on incessant collapse of buildings in Nigeria, noting that the amendment would ensure compensation.

“The need for the amendment of this Bill was necessitated by the prevalence of collapsed buildings in many Nigerian cities which has led to unquantifiable loss of lives and property, as well as permanent disability.

“There has been an increase in the cases of collapsed buildings in the country, most especially in the last 10 years.

“These cases and several others too numerous to mention are considered as some of the worst incidences of collapsed buildings in Nigeria, in recent times. The need to checkmate these rising cases prompted the urgent need to amend the insurance Act,” he added.

Contributing, Senator Bala Ibn’Nallah faulted some provisions in the proposed amendment, saying they were at variance with the existing laws.

He, however, advised that the differences be sorted out at the public hearing in order to make the amended Insurance law effective.

“Where the proposal talked about compensation for public building collapse, I am not comfortable with it, because our responsibility is first to ensure that buildings don’t collapse and not to talk of compensation.

“I hope that aspect and others would be handled at the Committee level, Mr. President,” he noted.

Earlier, while citing several cases of building collapse across the country, Amosun advocated for serious penalties for those responsible for building collapse in the proposal.

After contributions by some Senators, Senate President, Dr. Ahmad Ibrahim Lawan referred it to the Senate Committee on Insurance, Banking and Financial Discipline. They are to revert back in four weeks time.


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Don’t accept wike’s deceptive Financial bribe- IPOB warns IMO communities

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IPOB

The Indigenous People of Biafra, IPOB has warned the people of Ohaji Local Government Area of Imo State against ceding their land to Governor Nyesom Wike of Rivers State.

IPOB cautioned the people of Ohaji against accepting Wike’s alleged satanic and deceptive financial inducement.

Emma Powerful, the spokesman of IPOB, issued the warning in reaction to an alleged illegal and undocumented ceding of communities in Ohaji Local Government Area to Wike.

Powerful warned that ceding their communities to Wike would affect their children’s future; hence such a deceptive move should be rejected.

He urged the communities to treat whoever is persuading them to change their state of origin as a criminal.

Powerful noted that accepting to change their state of origin for the sake of N150,000 monthly is evil.

A statement by Powerful reads partly: “Following an illegal undocumented treaty to cede communities of Ohaji Egbema LGA from Imo State to Rivers State via a crooked financial inducement by current Governor Nyesom Ezenwo Wike.

“We the global family and movement of the Indigenous People of Biafra (IPOB) under the command and leadership of our great leader Mazi Nnamdi KANU wish to warn that such project is called to a halt to avert inevitable consequences.

“We suggest to the communities that fall into this deceptive venture masterminded by Nyesom Wike to retrace their steps, considering that this singular act could attract futuristic destructive effects.

“IPOB was intimated with the information regarding Governor Wike’s plan, which includes conditional future promises and haven gone through these moves realized that Wike will abandon them in future because governor Wike cannot be in charge of Rivers State beyond his tenor as a current Governor.

“It is a known fact that the Imo State government failed in their obligations as it concerns the predicaments they are facing in that area, but they must forget Wike with his satanic offer. Wike’s deceptive offer would harm them and their children in the future as such may not be sustainable by successive governments. Moreover, the Biafra restoration approaches hastily.

“IPOB is advising them to retrace their steps and watch what God Almighty has in stock for them; changing God Almighty’s plans for children will harm the communities in the future, for God to have placed you where you are today does not mean that he has abandoned you.

“The communities or anybody persuading them to change their State of origin identity and be acquired like slaves with cash value of N150 (One Hundred and Fifty Naira Only) is evil and must be treated as criminal because we don’t see where old men and women, youths and educated people would allow such an undocumented territorial treaty due to hunger and abandonment.”


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2023 elections: Pastor David Ibiyeomie tells Nigerians who to vote

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Pastor David

Pastor David Ibiyeomieof Salvation Ministries has addressed Nigerians on those to vote ahead of the 2023 general elections

Ibiyeomie urged Nigerians to vote for politicians with a vision for the country and not a politician.

He gave the remark while addressing his members at the church’s headquarters in Port Harcourt, Rivers State.

Pastor David Ibiyeomie noted that anyone who collects money to vote in the forthcoming election sold their conscience, stressing that electorates should vote for a statesman.

According to Ibiyeomie: “If you take money to vote, then you have sold your conscience. When we are shouting, you people will say I don’t shout. I am shouting now. Don’t collect bribes to vote, vote for your conscience.

“Don’t vote party again in Nigeria; vote for someone who has a vision. Nigeria is in the woods; she needs someone who has a vision.

“No politician should be voted; vote for a statesman instead. A statesman thinks of the next generation, a politician thinks only of the 2023 general elections.”


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Interpol arrests three Nigerians for international scam

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Interpol

The International Police (INTERPOL) has arrested three Nigerians over alleged global scam.

The trio were arrested in a sting operation conducted simultaneously in a Lagos suburb, Ajegunle and in Benin City, 300 km to the East of the commercial capital.

One of the scammers, Hendrix Omorume has been charged and convicted and now faces a 12-month prison sentence.

The three men, aged between 31 and 38, were each arrested in possession of fake documents, including fraudulent invoices and forged official letters.

The investigation was conducted in conjunction with the Economic and Financial Crimes Commission (EFCC).

The operation is part of a global operation codenamed “Killer Bee” involving INTERPOL National Central Bureaus (NCBs) and law enforcement in 11 countries across Southeast Asia.

According to INTERPOL’s Director of Cybercrime, Craig Jones, the organisation had “to alert Nigeria to a serious security threat where millions could have been lost without swift police action.”

The laptops and mobile phones seized by EFCC during the arrests, were examined by the INTERPOL to help confirm the systematic use of “Agent Tesla” malware to access business computers and divert monetary transactions to their own accounts.


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