No airline should operate without insurance — NCRIB


The Nigerian Council of Registered Insurance Brokers, NCRIB, has called on the Nigerian Civil Aviation Authority, NCAA, to ensure that no airline operator is allowed to operate without adequate insurance cover.

Shoderu said, “Barely a month ago, the pendulum of disaster swings again into aviation industry

where four people including a pilot were confirmed dead and other passengers on board sustained injury of different magnitude in an ill fated Sikosky 76 helicopter owned by Bristow Helicopter Nigeria Limited.President of the NCRIB, Mr. Ayodapo Shoderu said that adequate insurance will guarantee that in case of any unfortunate incident, the bereaved families will have something to fall back on.


“It is of grave concern to us not only because we are humane, but also that we are into business of risk taking. We beckon on the leadership of Nigerian Civil Aviation Authority (NCAA), as a matter of urgency to ensure that crashes of air craft in Nigeria becomes a thing of the past. They should also ensure that no airline operator is allowed to operate without adequate insurance cover. Adequate insurance will guarantee that in case of any unfortunate incident, the bereaved families will have something to fall back on.

“On our part as insurance brokers, we have taken our awareness campaign to the Airline Operators of Nigeria (AON). I like to report to you that we have 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,” Shoderu stated.

Federal might

Shoderu therefore called on government to also throw its federal might behind the entrenchment of insurance policies not only in aviation industry but all other sectors, adding “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.”

The NCRIB President also said that investigation reveals that sales of fake insurance certificates, especially, third party motor insurance, is still a thriving business across the country, adding, “It is disheartening. It is worrisome because, this criminal attitude is being perpetrated under the nose of individuals saddled with the responsibility to entrench discipline and integrity.

 Government should also partner insurance industry to enforce all the compulsory insurances.

Source: Vanguard newspaper