• DSS arrests insurance commissioner over allegations of fraud and financial mismanagement

    DSS arrests insurance commissioner over allegations of fraud and financial mismanagement

    Operatives from the Department of State Services and the Nigerian Police Force on Wednesday arrested the Commissioner for Insurance, Alh Mohammed Kyari, over allegations of fraud and financial mismanagement.

    The operatives who were on joint operation were said to have arrived the headquarters of the National Insurance Commission where the office of Kyari is located at about 9am and arrested the CFI.

    Kyari who was putting on a dark blue traditional attire and a cap to match was whisked away by operatives […]

  • No accurate data of health insurance beneficiaries in Nigeria – NHIS scribe

    No accurate data of health insurance beneficiaries in Nigeria – NHIS scribe

    Prof. Usman Yusuf, the Executive Secretary, National Health Insurance Scheme (NHIS), says there is no record of the real number of people covered by the scheme in Nigeria.

    Yusuf made the assertion on Saturday in Uyo at a one-day legislative retreat on immunisation, health financing and the National Health Act organised for House of Representatives Committees on Health Services.

    The executive secretary said that he had decided to carry out biometric verification of the actual enrollees in the scheme in view of […]

  • Reps uncover N640m paid to unlicensed insurance brokers

    Reps uncover N640m paid to unlicensed insurance brokers

    It was gathered that the House of Representatives ad-hoc committee investigating the return on premiums paid to government officials by insurance companies has uncovered N640 million paid as commission to two unlicensed brokers.

    The payment was made by insurance companies that provided services to some Ministries Department and Agencies (MDAs).

    The unlicensed brokers are Chrome Insurance and Standard Insurance Consultant.

    Speaking at the resumed hearing of the committee at the weekend, Committee Chairman Hon. Adekunle Akinlade said documents presented to the committee revealed […]

  • EFCC takes over judges’ probe, arrests insurance directors

    EFCC takes over judges’ probe, arrests insurance directors

    According to reports, the Economic and Financial Crimes Commission has taken over the investigation of allegations of corruption against some judges in the country from the Department of State Service.

    A top operative of the commission said on Saturday that the commission took over the investigation of the judges, who were raided by operatives of the DSS following a directive by the President that the EFCC should do a painstaking investigation into the allegation.

    Newsmen had quoted sources in the Presidency as […]

  • Arik resolves aircraft insurance renewal issue, set to resume operations

    Arik resolves aircraft insurance renewal issue, set to resume operations

    According to reports, the operation of Arik Air was on Tuesday disrupted due to aircraft insurance renewal, leaving its passengers stranded across airports in the country.

    However, the airline moved quickly to resolve the issue.

    This led late on Tuesday to the announcement of restoration of the airline’s operations beginning from Wednesday (today).

    All the airlines scheduled flights were cancelled on Tuesday over the issue, prompting its customers to seek alternative flights.

    The Communications Manager of the airline, Ola Adebanji, said the disruption was […]