The National Insurance Commission and the insurance companies say they are working with the fire service in all the States and the State governments to enforce the insurance of public buildings.
The building insurance is one of the five compulsory insurance policies that was introduced almost a decade ago under the Market Development and Restructuring Initiative of National Insurance Commission and the insurance companies but lacked needed enforcement.
Section sixty-four and sixty-five of the Nigerian Insurance Act 2003 States, that every public building should be insured with a registered insurer against the hazards of collapse, fire, earthquake, storm and flood.
It further explained that public building, in this section included a tenement house, hostel, a building occupied by a tenant, lodger or licensee and any building to which members of the public have ingress and aggress for the purpose of obtaining educational or medical services, or for the purpose of recreation or transaction of businesses.
Meanwhile, there appears to be no let-up in the activities of vandals who in December last year pushed pipeline breaches across the Country by a whopping thirty-four percentage point.
The Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, NNPC, Mr. Ndu Ughamadu, stated this in a release in Abuja yesterday.
Mr Ughamadu said the upward swing in the breaches was captured in the corporation’s Monthly Financial and Operations Report for December, 2018, explaining that within the period, two hundred and fifty-seven pipeline points were vandalized, out of which one pipeline point failed to be welded and six pipeline points were ruptured.
According to the statement, NNPC recorded one hundred and ninety-seven breaches on its pipelines in November last year.
Ibadan-Ilorin, Mosimi-Ibadan, and Atlas Cove-Mosimi network accounted for ninety, sixty-nine and fifty-seven compromised points respectively or approximately thirty-four, twenty-six and twenty-two per cent of the vandalized points respectively
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