Nigeria: NCRIB task NCAA on adequate insurance cover for airline operators

In a bid to ensure that the business aviation risk is taken seriously, the leadership of the Nigerian Council of Registered insurance brokers, (NCRIB), on Tuesday  urged the Nigerian Civil Aviation Authority (NCAA) to ensure that no Airline Operator is allowed to operate without adequate insurance cover.

The leadership of the Council led by its President, Mr. Ayodapo Shoderu, stated this during
the August edition of Brokers Evening for members sponsored by Nicon Insurance Plc in Lagos that  Aviation Authority as a matter of urgency to ensure that crashes of air craft in Nigeria becomes a thing of the past.

According to the President adequate insurance will guarantee, that in case of any unfortunate incident, the bereaved families will have something to fall back on.

He added that on the part of Insurance Brokers,” we have taken our awareness campaign to the Airline Operators of Nigeria (AON).”

He further said that the Council had meeting with the representative of the Association and a further meeting is to be rescheduled for a later date, not only with AON, but also other professional bodies in the Aviation Industry, to ensure that the mechanism of risk taking provided by law is strictly adhered, to avoid double tragedy for the families of victims.

The NCRIB President also called on the Federal government to also throw its federal might behind the entrenchment of insurance policies not only in Aviation Industry but all other sectors.

He said “There are almost six compulsory insurance policies that have been highlighted by our regulator; we need government support and baking to enforce them. It is of common knowledge that incumbent administration will not tolerate corruption of any sort, I like to say that avoidance of compulsory insurances is high level of corruption, therefore, it must be included in the ongoing fight against corruption”, he said.

Source: BusinessToday