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Leadway, Standard Alliance, Zenith to face EFCC, ICPC over unpaid insurance claims

No more goofs, EFCC seizes correct houses of Fayose

For defaulting in the payment of insurance claims among other entitlements to families of dead victims the Federal Capital Territory (FCT) Administration, has threatened to report some insurance firms involved in its Group Life Assurance Scheme to the anti-graft agencies.

The FCT Permanent Secretary, Dr. Babatope Ajakaiye gave this hint at the weekend in Abuja during a meeting with representatives of the nine insurance companies.

Some of the companies involved in the FCT Group Life Assurance schemeinclude Leadway Assurance, Standard Alliance, Crystal Life, Capital Express, Zenith General Insurance, Intercontinental Life Assurance Company, Wapic Life Assurance, Oceanic Life, Lasaco and Goldlink.

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In a statement issued at the weekend by the FCTA Deputy Director/Chief Press Secretary, Muhammad Sule, the Permanent Secretary lamented that the insurance firms that have refused to pay claims from 2007 to date are deliberately frustrating the implementation of the laudable policy.

The insurance claims which run into several hundreds of millions of Naira have been pending since 2007; a development which Ajakaiye said has kept the next of kin of the deceased in financial and emotional jeopardy even when the FCTA had long paid the insurance firms their deductible premiums.

In the statement, Ajakaiye said: “We made this policy so that we can take care of those they left behind and if we could bring you in as our partners to implement this scheme and then you default in your own area, year after year, for us to be having unpaid claims from 2007 till date, is seriously unacceptable.

The Permanent Secretary therefore gave a 30-day deadline to the firms to pay the deceased families or face the full wrath of the law because the era ofimpunity is gone forever.

 

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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