ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

NPA shuns question on insurance payments for burnt headquarters

by Usman Kadri
November 22, 2020
Reading Time: 3 mins read
EXPOSED! Hadiza’s NPA never obeyed court orders

Hadiza

Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn
  • As NASS sets to pass budget before Christmas

 

For two weeks running the Nigeria Ports Authority (NPA) has refused to make public details of its insurance of the burnt headquarters building, even as indication is rife that estimated budget for the ‘rebuilding’ the destroyed headquarters would be in the 2021 budget set to be passed into law in by the National Assembly about three weeks time.

The National Assembly had vowed to pass the 2021 Appropriation Act by the second week of December 2020 before proceeding on their Christmas vacation.

RELATED STORIES

Court reserves ruling on Fayose’s no-case submission in N6.9bn fraud trial

Court reserves ruling on Fayose’s no-case submission in N6.9bn fraud trial

May 19, 2025
Elumelu’s UBA further hits ‘bullied’, terminated staff by withholding their salaries

UBA seeks to join a suit, as it challenges sale of IBEDC 

May 18, 2025

To this end, experts reiterated at the weekend that it is the responsibility of the insurers to compensate the Ports Authority to the extent of their loss in the hoodlums at the headquarters insofar as it was actually insured as reportedly disclosed by the managing director of Nigeria Ports Authority, Ms Hadiza Bala-Usman; and there was no default in premium payments.

They stated that the Federal Government has no business budgeting taxpayers’ money for the rehabilitation of the burnt headquarters, saying that going by the submission of the NPA’S General Manager Corporate and Strategic Communication, Engr. Adams Jato, the headquarters hasmadewuate insured cover for ‘fire and theft’ and therefore is entitled to full compensation by the insurers.

Speaking, President of National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Mr. Lucky Amiwero said that since the building is insured for fire and theft and NPA did not default in its premium payments, it is the responsibility of the insurer to rehabilitate the building and replace stolen items.

He said: “There are classes of insurance but if the losses suffered by the NPA in the incident is covered, then the insurer takes full responsibility for paying compensation to the insured of the losses suffered. That is the essence of insurance. Going again to take money from government is double charge. I don’t want to call it fraud.

“Once it is insured, the insurance company takes responsibility for everything; that is the truth,” Amiwero stressed.

Also speaking, the National Coordinator of Save Nigeria Freight Forwarders, Importers and Exporters Coalition (SNIFFIEC), Dr. Osita Patrick Chukwu, said that if the affected assets were insured, “the insurance company should take care of the building it doesn’t matter if Federal Government is the owner of the property.

“The insurer must be able and be sure that all values are made available and all losses are being counted that is it.

“So they shouldn’t use Federal Government money to pay? Why should they use government’s money when it is insured,” he queried.

However, speaking on the delay by NPA in making public the value of its losses, name or names of the insurers and other details about the insurance of the building, President of the National Association of Government Approved Freight Forwarders (NAGAFF), Mr. Increase Uche said there is need for them to be allowed sometime to finish their investigation as it is just about a month the incident took place.

“I think they are taking their time, it will be too early for us to start saying whether they are hiding anything from us let’s watch them and see. To me the truth must surely surface. It’s just barely a month now that the incident took place and investigation is still going on and I don’t think they will be in a hurry to start disturbing the insurance company which covers the property. I can’t blame anybody for now until maybe after two or three months and all those things are not made open then one can start to complain, to me it is too early in the day to complain,” he said.

Recall that the Chairman of the House Committee on Ports and Harbour, Hon. Garuba Datti Muhammed, had during their visit to NPA said: “We are here to assess the extent of the damage that was caused by hoodlums and arsonists. We have gone round and seen the extent of the damage to the building and cars. As a National Assembly, we will cooperate with the NPA.”

Next Post
Bode George blast Akande, Osoba, others over Aso Rock visit

Bode George blast Akande, Osoba, others over Aso Rock visit

More Articles...

Focus on ICT for future careers, Glo urges girls

Focus on ICT for future careers, Glo urges girls

May 20, 2025
Bridgewater Associates and Global Citizen launch ‘Forecasting the Future: A Modern Economics Challenge’

Bridgewater Associates and Global Citizen launch ‘Forecasting the Future: A Modern Economics Challenge’

May 20, 2025
Qualcomm announces shortlisted startups for Qualcomm make in Africa 2025

Qualcomm announces shortlisted startups for Qualcomm make in Africa 2025

May 20, 2025
Best Pan-African Bank for SMEs’ recognition highlights Stanbic IBTC Bank’s commitment to empowering SMEs in Nigeria

Best Pan-African Bank for SMEs’ recognition highlights Stanbic IBTC Bank’s commitment to empowering SMEs in Nigeria

May 20, 2025
Access Bank UK Polo Day holds to raise funds for education

Access Bank reaffirms commitment to Diaspora Financial Inclusion, commends launch of NRBVN platform

May 20, 2025
The Singleton: Crafting moments that matter – a look back at The Singleton Escapes

The Singleton: Crafting moments that matter – a look back at The Singleton Escapes

May 20, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport