The Nigerian Insurance Association (NIA) has canvassed for a complete enforcement of penalties for insurance defaulters, especially, those who violate the Builders’ Liability Insurance and the Occupiers’ Liability Insurance.
The Director-General of NIA, Mrs Yetunde Ilori, disclosed this to the News Agency of Nigeria (NAN) in Lagos on Sunday.
Ilori was reacting to the buildings that collapsed at Ita-Faaji on Lagos Island last Wednesday, March 13 and in Ibadan, Oyo-state, on Friday, March 15 respectively.
NAN reports that several people were confirmed dead in the Lagos building collapse that accommodated a nursery and primary school.
However, no casualties were recorded in the Ibadan building collapse.
According to Ilori, penalising defaulters who subscribe to the two classes of insurances will send a strong warning to stakeholders in the construction sector.
The D-G also said that the action would enhance sanity in the sector as the contractors would
