Alaafin of Oyo, Oba Lamidi Adeyemi

Nnamdi Duru

The umbrella organisation for insurance brokers in the country, Nigerian Council of Registered Insurance Brokers (NCRIB), has sympathised with victims of recent fire disasters in Oyo and Lagos States respectively.

The council also advised Nigerian individuals and corporate organisations to embrace insurance as a means of protecting their assets in the event of unforeseen occurrences.

The President of the council, Mrs. ‘Laide Osijo, in a statement, sympathised with the Alaafin of Oyo, Oba Lamidi Adeyemi, over the fire incidence that gutted part of his palace recently. According to her, the effect of the fire on the royal father was great, considering the loss of important cultural objects of history that were kept in the palace.

“The NCRIB is pained by the loss and we seize this opportunity to underscore the need for adequate preventive measures against fire disasters,” she said. “Similarly, the council sympathises with victims of the Oko-Baba plank market in Lagos where properties worth millions of naira were lost,” she added.

The council’s boss also harped on the need for Nigerians to obey provisions in the Insurance Act, 1997, particularly the area having to do with compulsory insurance of buildings, and encouraged Nigerians to embrace insurance as a way of life and a means of protecting their valued assets.
“The council reiterated the call for compulsory insurance of such historical and important public edifices as enshrined in the legal provision under Insurance Act 1997 (section 64 and 65) of insurance of public buildings.

“The council implored individuals and corporate institutions  to always conform to extant town planning laws in the erection of structures for private and commercial purposes as well as avail themselves the benefits of insurance, particularly those that relates to property,” Osijo said.