Sunday, April 26, 2026
24.7 C
Lagos

NAICOM, Fire Service Hold Sensitisation Forum on Insurance of Buildings

From left: Mr. Leonard Akah (Director, Policy & Regulation NAICOM), Alhaji Sabiu Bello Abubakar (Deputy Commissioner for Insurance, Technical) and Mrs. Debbie Windele (Representative of the Comptroller General of the Federal Fire Service) at the ongoing Sensitisation Workshop for Federal and State Fire Service Officers on Insurance of Public Buildings and Buildings under construction above 2 floors.

By Alhaji Sabiu Abubakar
Deputy Commissioner for Insurance (Technical)
National Insurance Commission

It is my pleasure to be here with you today in this sensitisation workshop which aims at sensitizing Fire Service Officers on the importance of Insurance of public buildings and buildings under construction above 2 floors.
This Workshop is being convened as part of ongoing efforts to apprise participants of their roles in enforcing the insurance of public building and building under construction above 2nd floor.
Suffice it to say that it has now more than before become imperative to put in place measures to enforce the insurance of Public Building in Nigeria.
Furthermore, let me bring to your attention the provision of Section 65of the Insurance Act 2003 which stipulates that all public building shall be adequately insured. Also, Section 64of the Act provides that all buildings under construction above 2 floors shall be adequately insured.
It is pertinent to note that the Commission can better achieve this task with the full cooperation of the Federal and State Fire Service. Today’s workshop is a part of the drive to achieve the above mandate as enshrined in extant laws.
It is very worrisome to the Commission that most public buildings and buildings under construction above 2 floors are never adequately and appropriately insured, which further accentuated the need for urgent measures to be put in place by the Commission to ensure that these buildings are adequately insured. It is the desire of NAICOM to change this narrative for good.
The essence of Insurance of public buildings and buildings under construction above 2 floors is to cushion the impact and reduce the burden and liabilities that the owner / government would have to bear in likely occurrences of catastrophic events such as natural disasters, fire, accidents, building collapse, injuries or death to third parties, etc, thereby saving the government money which can be channeled towards augmenting the needs of the citizenry, providing infrastructure, and creating employment, among others.
As follow-up to the success of previous nationwide awareness campaigns for compulsory insurance, NAICOM is moving the bar a notch higher. Therefore, this Sensitization Workshop is aimed at equipping Fire Service Officers with the necessary knowledge to properly enforce the insurance of public buildings and buildings under construction above 2 floors.
At the end of this Workshop, it is expected that Federal and State Fire Service officers will now have the knowledge of insurance of public buildings.
NAICOM is elated at this turnout notwithstanding the prevailing circumstances in the Country. We are quite sure of a much better participation in the next batches lined up to educate Officers of Fire Services of their responsibilities and the benefits inherent if public buildings are adequately insured.

spot_img
spot_img
spot_img

Hot this week

Unity Bank, Experts Advocate Green Investment, Climate Innovation to Drive Economic Resilience

Nigeria’s retail lender, Unity Bank Plc, alongside leading climate...

Moniepoint Redefines Nigeria’s Agency Banking via Track Record, Unique Services 

Moniepoint Microfinance Bank (Moniepoint MFB) has reaffirmed its leadership...

Ecobank Nigeria, DHL Equip Nigerian SMEs to Compete Beyond Local Markets

Participants with staff members of Ecobank and DHL at...

QEDNG Summit 2026 Set for August 11 in Lagos

The QEDNG Creative Powerhouse Summit will hold its second edition on...

NLNG MD, Adeleye Falade, Commends Rivers Police, Seeks Stronger Security Collaboration

Adeleye Falade, MD, NLNG, (centre); Olakunle Osobu, Deputy MD...

Topics

West African Stakeholders Embrace Universality of Internet

Mr. Tony Ojobo President African ICT Foundation Stakeholders of the ICT sector...

Unitrust Insurance: 35 Years of Innovation, Customer Service, Growth

Mr. John Ijerheime Managing Director/Chief Executive Officer Unitrust Insurance Company Limited Unitrust...

NSE Admits N6.3bn 17-Year WEMA Bond

The Nigerian Stock Exchange has announced the Listing by...

6 Ways to Make Money on the PalmPay App in 2024

If you need an additional source of income, you...

Stanbic IBTC Bank Nigeria PMI: Output Prices Rise at Second-fastest Pace on Record

Customer demand improved again in the Nigerian private sector...

Market Statistics: Thursday, 16th November 2017

Market Cap (N'bn)                12,750.3 Market...

CJN Ariwoola: Searching for Nigeria’s John Marshall 

By Olawale Rasheed History is replete with judges who shaped...

‘New Mortgage Policy Will Catalyze Pension Industry, Boost Economy’- PENOP

The Pension Operators would like to commend the National...
spot_img

Related Articles

Popular Categories

spot_imgspot_img