#EndSARS: Insurance companies paid claims worth N4 billion — NIA

INSURANCE companies paid claims worth N4 billion to over 2000 businesses affected by the aftermath of the EndSARS protest after hoodlums took to the streets.

This was disclosed by the Chairman of the Nigerian Insurers Association (NIA), Mr Ganiyu Musa, on Thursday in Lagos.

Ganiyu assured that some Insurances operators were still working to settle genuine claims as most claims from insured businesses had been paid.

He said: “The number of insured businesses that were affected at the last count was about 2,000 insured loss and the industry has settled N4 billion claims out of N4.5 billion in respect of the #EndSARS protests.

“Once they are documented and completed, we have the commitment of our members that the claims will be paid timely.”

The NIA chief added that the association would continue ensuring members pay genuine claims to clients.

It can be recalled that the Speaker of the House of Representatives, Femi Gbajabiamila, had stated that Lagos State will need about N1 trillion for the reconstruction and repair of the properties and infrastructure that were vandalized and destroyed by hoodlums during and after the protest.