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BUILDING COLLAPSE: INSURANCE INDUSTRY IN PARTNERSHIP WITH THE GOVERNMENT

Curbing the menace of the building collapse, the Lagos State Government in partnership with the insurance industry is putting modalities in place to implement and enforce’Occupiers liability insurance’ in the state.

This came as the state government lamented that no fewer than 480 buildings had collapsed in the last 44 years.

The Director-General/CEO of the Lagos State Commission, Mr Lanre Mojola spoke at a press briefing at the end of a stake holders meeting on compulsory insurance (public building) at Alausa, Ikeja Lagos, yesterday saying that the state government will ensure that Lagosians are safe and protected through the implementation of the occupier’s liability insurance. “There is a need to enforce insurance of public buildings. Over 480 buildings have collapsed in Lagos State in the last 44 years. Many times when these dangerous disasters occur, the government is forced to compensate the victims.” Mojola spoke.

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The Director-General of the Nigerian Insurers Association (NIA), Mrs Yetunde Ilori on her part said “The Occupiers Liability Insurance policy covers both minor and major bodily injuries, death and other mishaps while using such insured properties. The insurance companies will take over such expenses, while in the case of death; the family of the deceased would be compensated.”

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