• Gives firms 30-day ultimatum to pay claims

By Jaiyeola Andrews

The Federal Capital Territory Administration (FCTA) has threatened to report some insurance firms involved in its Group Life Assurance scheme to the anti-graft agencies for their failure to settle indemnity claims to the several deceased staff.

The FCT Permanent Secretary, Dr. Babatope Ajakaiye, handed out the threat while meeting with representatives of the nine insurance companies involved in the scheme in Abuja.

The indicted Insurance firms are Leadway Assurance, Standard Alliance, Crystal Life, Capital Express, Zenith General Insurance, Intercontinental Life Assurance Company, Wapic Life Assurance, Oceanic Life, Lasaco and Goldlink.

The permanent secretary described the attitude of the indicted insurance firms as callous and insensitive.

According to him, the insurance firms that were indicted, had refused to pay claims from 2007 to date and are deliberately frustrating the implementation of the laudable policy.

Details later