• How NIMASA, NRC paid N288m premium on ‘dead’ lift, generators – Reps reveal

    How NIMASA, NRC paid N288m premium on ‘dead’ lift, generators – Reps reveal

    According to reports, the House of Representatives on Monday made more revelations on how Ministries, Departments and Agencies of government allegedly connived with insurance firms to defraud the Federal Government under the guise of paying insurance premiums.

    An ad hoc committee of the House, which is investigating such fraudulent practices, cited how the Nigerian Maritime Administration and Safety Agency and the Nigerian Railways Corporation both paid premiums totalling N288m on non-functional properties.

    While NIMASA reportedly insured a non-functional lift and paid premium […]