The Pension Fund Operators Association of Nigeria (PenOp) has unveiled new executives to drive its activities. The association said the executives were elected at its Annual General Meeting, which was held in Lagos recently. A statement by the association said the Managing Director, AIICO Pensions, Eguarekhide Longe, was elected as […]
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Presidency speaks out on Alison-Madueke’s arrest in London
The Nigerian presidency has confirmed the arrest of a former Petroleum Minister, Diezani Alison-Madueke, in London, over allegations of corruption and money laundering. According to PREMIUM TIMES, the Senior Special Assistant to the President, Garba Shehu, said: “The government is aware of the arrest and all the government investigative agencies […]
Crash-for-cash fraudster jailed for insurance scam
A second man has been sentenced for his part in a ‘crash-for-cash’ insurance fraud scam in west London, according to police. Mohamed Labre Chiadmi – also known as Adam Leno – had pleaded guilty to fraud by false representation and two counts of making false declarations to obtain motor […]
Pregnant woman filmed faking car crash for insurance payout
Australian police had arrived at a rain-soaked Sydney intersection in May to find two mangled vehicles and a dazed Fadel who was eight months pregnant and reportedly suffering stomach and back pains. She explained that after missing the stop sign, her car had ploughed into the side of another moving […]
Military Pension Board Allays Fears Of Mishap In Forthcoming Verification Exercise
The Chairman, Military Pensions Board, AVM Muhammed Dabo, has allayed fears of any mishap in the forthcoming military pension verification exercise scheduled to hold in designated centres between Oct. 6 and Oct. 20. Dabo said this in Abuja on Friday while briefing newsmen on the forthcoming verification exercise for military […]
Insurance stats show the changing face of crime
The Citizen With the release of the 2014/15 crime statistics, and what can only be described as a national outcry over their contents, the South African Insurance Crime Bureau (SAICB) have released a set of their own statistics for the period. Their statistics show changing trends and hotspots in South […]
Any insurance company in Nigeria worth its salt should pay claims – Akinboye
Akinboye Codewit.com What is your vision for Standard Alliance Insurance following your return to the insurance industry? Having worked in the insurance industry for thirteen years, I needed to take a break and reappraise my carrier. While away, I also tried one or two things and went back to school […]
Nigerian hajj stampede victims not insured
The 64 Nigerians confirmed dead in the Mina stampede in Saudi Arabia, plus the 71 injured and the 244 missing pilgrims do not have valid insurance cover. According to Saturday Punch, majority of the 76,000 Nigerians, who participated in this year’s Hajj in Mecca, did not have travel health insurance […]
Scores killed as bomb blast rocks Abuja
Two bomb blasts have rocked the outskirts of the Nigerian capital, with casualties reported, officials say. BBC reported that the the first struck near a police station in Kuje, 25 miles (40km) from Abuja, the second hit a bus stop in Nyanya. One official said 10 people had been “critically […]
Diezani Allison-Madueke Reportedly Arrested In UK Over Corruption
The President of the Organization of Petroleum Exporting Countries, Mrs. Diezani Allison-Madueke, has reportedly been arrested in the United Kingdom. According to Premium Times, Mrs. Allison-Madueke was arrested alongside 4 others by British law enforcement. Her arrest is said to be in connection with crimes of corruption and bribery being […]
