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

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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 Gumi noted that while conventional insurance is struggling with outdated insurance laws, there is a dearth of professional loss adjusters and irregular payment of loss adjusters fees, non-remittance of premiums, especially to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.
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Just in: Civil war veteran, ex-MILAD of Akwa Ibom, Ge Abbe is dead

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General Godwin Osagie Abbe, a former minister of Defence and former Military Administrator of Akwa Ibom is dead.

He was said to have died in Abuja on Saturday after a protracted sickness.

The retired major general, a member of the People’s Democratic Party, PDP, was also Minister of Interior between July 26, 2007 and July 14, 2009 under the same administration of the late Yar’Adua.

An Alumnus of the Obafemi Awolowo University, Ile-Ife was born on Jan. 10, 1949, and would have attained the milestone of 75 years in 2025.

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He was also a graduate of the United States Army Infantry School Fort Benning, Georgia, Ghana Armed Forces Staff College and the National Institute for Policy and Strategic studies, Kuru.

He became General Officer Commanding (GOC) 2 Division Nigerian Army; Commander, Training and Doctrine Command (TRADOC) and Commander, National War College. The late Abbe retired in 1999.

Meanwhile, Gov. Monday Okpebhbolo of Edo has mourned the late general, describing him as a legendary son of the state.

Okpebholo in a statement in Benin on Sunday by his Chief Press Secretary, Fred Itua, said as a revered military officer, administrator, and statesman, Abbe’s life was a testament to discipline, dedication, and service to the nation.

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According to him, his illustrious career in the Nigerian Army was marked by numerous achievements.

The governor noted that, as a proud son of the state, Abbe’s distinguished service to the nation was a source of inspiration and pride.

“His tenure as Military Governor of Akwa Ibom State from 1988 to 1990, and later as Minister of Defence and Internal Affairs, demonstrated his exceptional leadership qualities and commitment to the well-being of the Nigerian people.

“General Godwin Osagie Abbe was a shining star whose light has been extinguished, but his legacy will continue to inspire and guide us.

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“We celebrate his life, his service, and his contributions to our great nation.

“As we bid farewell to this remarkable individual, we reflect on the traditional and philosophical principles that guided his life and career.

“May his soul rest in peace, and may his legacy continue to illuminate the path to greatness for the people of Edo State and Nigeria as a whole,” he said.

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Abuja stampede: Wike orders free medical treatment for victims

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Federal Capital Territory (FCT) Minister, Nyesom Wike has ordered government hospitals to provide free treatment to the people that sustained injuries during a stampede at the Holy Trinity Catholic Church in Maitama, Abuja.

Wike gave the directive in a statement signed by his Senior Special Assistant on Public Communications and New Media, Mr Lere Olayinka, in Abuja on Saturday.

No fewer than 10 people including children lost their lives while 10 others sustained injuries to the stampede, during the distribution of food items to less privileged and the elderly by the church.

The sad incident occurred around 6:30 a.m on Saturday.

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Wike said that the FCT Administration would ensure that the injured received adequate medical attention.

The minister, who commiserated with the victims, also directed that henceforth, police permission should be obtained by individuals or organizations planning public distribution of palliatives, either food items or cash.

Describing the incident as “painful”, Wike prayed for the repose of the souls of the lives that were lost and fortitude for their families to bear the irreparable loss.

He commended the Police and other security agencies for their prompt intervention, saying, “the promptness in which security agencies responded to the incident was commendable.”

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In a related development, the FCT Emergency Management Department (FEMD), equally commiserated with the victims of the stampede.

The acting Director General of the department, Mr Abdulrahman Mohammed, in a statement said that nine out of the 10 injured persons earlier taken to Maitama District Hospital, have been treated and discharged.

Mohammed also appealed to organisations that intended to give out food items to the less privileged to involve security agencies or FEMD for adequate planning to ensure safety of beneficiaries.

He also advised the use of coupons and segregation of the beneficiaries into groups to avoid crowd and rowdiness that could lead to stampedes.

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Similarly, the Police Command in the FCT has ordered organisations, religious bodies, groups, or individuals to notify the police when planning public events, charitable activities, or large gatherings in the territory.

In a statement by the Police Public Relations Officer in the FCT, SP Josephine Adeh, said that the notification was to enable the police to deploy adequate security measures for public safety.

According to her, failure to comply with the directive will result in the organisers being held liable for any incident or loss of life resulting from negligence

Meanwhile, the Nigeria Police Force has issued a warning against the unorganised distribution of palliatives and funfairs, which have led to stampedes and fatalities among vulnerable citizens.

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The Force Public Relations Officer, ACP Olumuyiwa Adejobi, gave the warning during a media briefing on Saturday in Abuja.

Adejobi explained that the warning came in response to the increasing number of stampedes resulting in injuries and deaths, particularly during palliative distributions.

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Just in: Albanian govt bans TikTok

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Albanian Prime Minister Edi Rama has announced his government’s intention to ban TikTok for at least one year starting from January following the death of a schoolboy last month that further fueled fears about the influence of the short video-sharing platform on children.

“We are going to close it for a year, and we are going to start rolling out programs that will serve the education of students and help parents follow their children’s journey,” Mr Rama said during a meeting with teachers, parents and psychologists in Albania’s capital Tirana on Saturday.

Discussions around the negative impact of social media on children were further amplified a couple of weeks ago after a 14-year-old school was killed and another injured in a fight near a school in southern Tirana, with reports suggesting the confrontation began on social media.

“In China, TikTok promotes how students can take courses, how to protect nature, how to keep traditions, but on the TikTok outside China, we see only scum and mud. Why do we need this?” Mr Rama said.

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He described TikTok as “the thug of the neighbourhood.”

This is the latest setback in TikTok’s moves to redeem its reputation over threats to national security and harmful influences on children in many countries.

The company said it is seeking urgent clarifications from the Albanian government about the proposed ban.

According to the BBC, TikTok said it found no evidence that the suspect who stabbed the 14-year-old boy or the victim himself had TikTok accounts.

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TikTok is already banned in India, Iran, Nepal, Afghanistan and Somalia, with the U.S. moving to join the list after Congress passed a bill to ban the app in the country if its Chinese parent company, ByteDance, does not sell the platform by January 19 on national security grounds.

The U.S. Supreme Court has agreed to hear last-minute legal arguments from TikTok as to why it should not be banned or sold, with a hearing scheduled for January 10.

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