Connect with us

News

Investigate N30bn Police, Military, others unsettled insurance claims – HoR

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad
By Gloria Ikibah
The House of Representatives has resolved to conduct a forensic probe into over N30bn unsettled claims in the group life insurances of the Nigeria Police Force, Head of Service and Ministry of Defence.
The resolution was sequel to the adoption of a motion on, “Breaches and Other Infractions of some Federal Government Institutions on Insurance and Actuarial Matters using forensic auditors” moved by Rep. Sulaiman Gumi, member representing Gummi/Bukkuyum Federal Constituency of Zamfara State, on Wednesday at plenary.
The House noted that the unsettled claims were a result of a lack of owing actuarial valuation, gap analysis, and non-compliance with Section 57 of the Insurance Act, 2023, and Section 4, Subsection 5 of the Pension Reform Act, 2014, among others.
Rep. Gumi noted that while conventional insurance is struggling with outdated insurance laws, there is a dearth of professional loss adjusters and irregular payment of loss adjusters fees, non-remittance of premiums, especially to reinsurers, lack of innovation and inconsistent government policies within the insurance industry.
According to him all these and a lack of cooperation within the insurance industry coupled with poor governance issues in the industry as well as weak regulatory bodies as a result of moribund laws, lead to the failure of many banks, especially microfinance banks.
The lawmaker also identified the failure to collaborate effectively with the Central Bank of Nigeria and the Assets Management Company of Nigeria to secure financial stability in the Nigerian economy and the cumbersome process of failure resolution and reimbursement of depositors, as some of the challenges facing the industry.
He said, “The House is concerned that non-transparency and lack of accountability in insurance practice in Nigeria today have resulted in over N30bn unsettled claims in the group life insurances of the Nigeria Police Force, Head of Service (for Federal Civil Servants), and Ministry of Defence (for the Nigerian Armed Forces) because of no actuarial valuation, no gap analysis, and non-compliance with Section 57 of the Insurance Act, 2023, and Section 4, Subsection 5 of the Pension Reform Act, 2014, among other factors;
“We are aware that over $1bn that should have been retained in Nigeria if all insurance practitioners are given the option of the right of first refusal (insurance being more about risk bearing and sharing) is being taken abroad, which affects the nation’s economy, thereby always weakening our insurance sector and depleting our foreign reserve.
“These breaches and infractions have given rise to excessive cession and retrocession of businesses in breach of the Local Content Act to the extent that 90 per cent of the risks of some Federal Government organisations are placed outside the country.”
Rep. Gumi stated that the effect of this development has led millions of families of the deceased Federal Government’s personnel that are the beneficiaries suffering because they were not paid the entitlement of their breadwinners.
“When paid, in some cases, unallowed deductions are made, thereby shortchanging them.
“The House is worried that the Committee on Insurance and Actuarial Matters letters to the Ministries, Department and Agencies like the Nigerian Ports Authourity, the Nigerian National Petroleum Company Limited, National Emergency Management for either document to enable them oversight or appear before the Committee to address these issues are being treated with ignominy”, he added.
This, he stressed, will soon become the rules rather than the exceptions that will negatively impact the overall oversight functions of the House of Representatives, if not nipped in the bud.
The lawmaker further stated that there are huge unsettled life claims in Nigeria, because the premiums meant for payment were suspected to have been squandered by some insurance companies and a few individuals, and it is only a forensic auditor that will unravel this.
The motion was unanimously by lawmakers and referred to the Committee on Insurance and Actuarial Matters to report back to the House within four weeks for further legislative action.

News

Just in: Police finally handover 16-year-old Jennifer to parents after alleged forced conversion to Islam

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Bauchi State Police Command has released 16-year-old Jennifer Joseph, a Christian teenager from Adamawa State, to her parents following weeks of controversy over her custody and disputed religious identity.

Jennifer was released to her parents on Monday after extensive deliberations at the Bauchi State Police Command, SaharaReporters has learnt.

The development followed sustained public attention and extensive reporting by SaharaReporters on the circumstances surrounding the teenager, who became the centre of a dispute involving her parents, the Bishara Dole Christian Ministry and an Islamic Da’awah group in Bauchi.

Reverend Mohammed Mohammed of The Gospel of Christ Must Be Preach International Ministry, popularly known as Bishara Dole, confirmed Jennifer’s release to SaharaReporters on Tuesday.

Advertisement

Mohammed, however, disclosed that the police had detained Rev. Badamasi, a staff member of the Bishara Dole ministry, over an allegation that he molested Jennifer while transporting her from her family home in Adamawa State to the ministry in Bauchi.

He described the allegation as unfounded and “laughable,” while insisting that the matter should be investigated properly.

Jennifer’s release comes after a series of controversial developments that had left her parents stranded in Bauchi while seeking to regain custody of their daughter.

The latest development has now introduced another layer to the controversy following the detention of Rev. Badamasi.

Advertisement

According to Reverend Mohammed, the Bishara Dole staff member was detained over an allegation that he molested Jennifer while accompanying her from Adamawa to Bauchi in a commercial bus.

Mohammed rejected the allegation, describing it as “laughable” and insisting that the ministry would not be deterred by what he considered attempts to discredit its members.

SaharaReporters could not independently establish the circumstances surrounding Badamasi’s detention or the allegation against him.

The development is also significant because earlier reports had documented claims by Bishara Dole that allegations of child molestation had been made against the ministry as part of what Mohammed described as an attempt to discredit the Christian organisation.

Advertisement

The ministry had called for an independent investigation into all allegations rather than allowing competing religious interests to determine Jennifer’s custody.

With Jennifer now released to her parents, attention is expected to shift to the circumstances surrounding the teenager’s custody, the competing claims over her religious identity and the allegations that emerged during the dispute.

Continue Reading

News

To be defeated, drug barons must lose their wealth, Marwa declares at Cambridge

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

. Tells global audience of experts how NDLEA uses asset recovery strategy in fight against drug trafficking

The Chairman/Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Mohamed Buba Marwa (Rtd), has told an international gathering of judges, law enforcement chiefs, financial intelligence experts and academics that the war against drug trafficking cannot be won by arrests alone, but must be matched by an equally aggressive pursuit of the proceeds of crime.
Marwa made this declaration while delivering a presentation titled “Criminal Property and the Criminal Process: How Can We Make It More Effective?” at the ongoing 43rd Cambridge International Symposium on Economic Crime, organised by the Centre for Geopolitics, University of Cambridge, United Kingdom.

According to him, the effectiveness of the criminal process should not be measured only by the number of convictions secured. It should also be measured by whether crime is made unprofitable. A trafficker who loses his liberty but retains his fortune has not truly been defeated. His wealth can finance another operation, support his associates and sustain the criminal enterprise.

“The ultimate objective must therefore be to deny criminals the proceeds of their crime, promptly, and lawfully while preserving the value of the property. Nigeria, through the National Drug Law Enforcement Agency, will continue to strengthen this approach.”

Advertisement

Addressing the session chaired by the Honourable Judge Wendy Tien, the NDLEA boss said arresting a trafficker without dismantling his fortune was like “pruning a weed at the stem while leaving its roots undisturbed,” warning that such wealth simply resurfaces “under a different name, through a different front company, in a different jurisdiction.”
He outlined six practical strategies the NDLEA has deployed to strengthen asset recovery, anchored on the National Drug Law Enforcement Agency Act 2004, the Proceeds of Crime (Recovery and Management) Act 2022, and the Money Laundering (Prevention and Prohibition) Act 2022.

He cited the forfeiture of the Hook Hotel, a property linked to a fugitive drug suspect, which was recovered through non-conviction-based forfeiture and sold for $4.2 million, with proceeds paid into the Federal Government’s forfeited assets account domiciled with the Central Bank of Nigeria; proof, he said, that a fugitive “cannot simply outrun the process and retain the benefit of his crime.”
Marwa also disclosed that NDLEA investigators and prosecutors are now embedded together from the inception of cases, a reform that has shortened the interval between arrest and the securing of restraint orders. He revealed that last month alone, the Agency froze bank accounts worth over $7 million and secured interim forfeiture orders covering multibillion-naira assets, including filling stations, multi-storey buildings and exotic vehicles linked to a fugitive methamphetamine syndicate.

On the landmark case of Nigerian billionaire and suspected drug baron Amadi Simon, arrested in Switzerland through a joint operation involving NDLEA, the U.S. Drug Enforcement Administration (DEA), and authorities in Switzerland, Greece and France, Marwa explained that three hotels linked to the suspect were placed under professional asset managers rather than shut down, to preserve their value as going concerns pending the outcome of trial.

He further highlighted the Agency’s use of provisions on unexplained wealth and living beyond one’s legitimate means as a powerful investigative trigger, and the interlocutory sale of perishable and depreciating assets to protect their value ahead of final judgment.
He noted that these efforts have now been institutionalised within Nigeria’s National Drug Control Master Plan 2026–2030, ensuring that financial disruption of drug cartels remains a sustained national priority rather than a series of isolated cases.
Distilling these experiences into three guiding principles: speed over sequence, preservation of value, and institutionalization, Marwa acknowledged that challenges remain, particularly around delays in mutual legal assistance, limited forensic accounting capacity, and the need to balance the rights of accused persons with the State’s duty to preserve assets pending trial. He called for faster international cooperation mechanisms and stronger cross-border recognition of non-conviction-based forfeiture orders.
He thanked the Centre for Geopolitics, the organisers of the Symposium, and Judge Tien for the platform, and reaffirmed NDLEA’s readiness to deepen partnerships with jurisdictions and institutions committed to dismantling the financial architecture of drug trafficking.

Advertisement
Continue Reading

News

Sad! Catholic Priest Commits Su!cide Over Transfer To Another Parish

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

In Italy, a 75-year-old Roman Catholic priest took his own life after it was announced that he will be transferred from the parish where he had served for nearly 25 years.

On August 12, the body of 75-year-old Catholic priest Lino Zatelli was found in the Italian city of Trento.

Shortly before his de@th, he had learned of his transfer from the parish where he had served for nearly 25 years, reports Tribune Chrétienne.

That morning, the priest was supposed to celebrate Mass at the Church of San Carlo Borromeo, but he did not appear for the service. The sacristan then went to his home and discovered his body.

Advertisement

Shortly before the tragedy, Zatelli was informed that, as part of a diocesan reorganization, he was required to leave the parish to which he had devoted nearly a quarter of a century.

The priest was deeply distressed by this decision and openly told his parishioners: “I never asked to leave.”

A campaign was even organized to demand he stay at San Carlo, with a petition gathering several hundred signatures.

This tragedy also raises the question of the loneliness and suffering of elederly priests, in Italy as well as in France.

Advertisement

Catholic authors note that for a clergyman, leaving a parish after decades of service means not merely a change of ministry but a break the community that had actually become his family and primary social circle.

At the same time, the authors of the publication emphasize that it is impossible to definitively establish the transfer as the direct cause of the su!cide.

The tragedy has, however, once again drawn attention to the issues of isolation, emotional exhaustion, and lack of support among Catholic clergy.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News