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Sovereign Trust Insurance Pays Claims From EndSARS Protests, Others Totalling N2.9B

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Sovereign Trust Insurance Plc paid claims totaling N2, 900,626,054.21 to various insured spread across the country in 2020, in keeping faith with its promise to pay all genuine claims as and when due.

The company’s Spokesperson, Mr. Segun Bankole pointed out that the underwriting firm is committed to claims settlement as and when due beyond lips service. He stated that the claims experience in 2020 was quite interesting in the sense that the company had to settle some claims that emanated as a result of the civil commotion in the country occasioned by the EndSARS protests in major parts of the country.

He further said that a very significant number of customers have really come to appreciate the role of insurance in their everyday life and that accounted for the sum paid as claims in 2020.

The summary of the claims paid in 2020 shows that Motor had the highest figure of N948 million with energy Insurance ranking second with total claims settled to the tune of N802.3 million. Fire Insurance claims amounted to N562.8 million, while Marine & Aviation claims stood at N284.6 million. The total sum of N236.6 million was paid as claims on General Accident Policy, with Engineering insurance accounting for N66.4 million.

While commenting on the intent of the organisation as regards claims settlement, the Executive Director, Technical Operations, Mr. Jude Modilim had this to say, “there is no compromise to genuine claims settlement in Sovereign Trust Insurance Plc because the major focus of the company is to ensure that our teeming customers get to enjoy the benefits of taking out any form of insurance policy with us through prompt settlement of their claims when the need arises. That to us, is the only way to prove that we are well and alive to our responsibilities as an Underwriting Firm in the country. We intend to uphold this obligation and we will always continually strive to make good our promise.

In the same vein, the Managing Director/CEO of the organisation, Mr. Olaotan Soyinka also stated that the company has put in place a friendly-claim-process with the major aim of putting smiles on the faces of its various customers across the country by ensuring that claims are settled within the shortest period possible on completion of all necessary documentation.

Our commitment to uphold the tenets of our Vision and Mission has made the company one of the country’s most relevant and responsive insurance companies in the country. Sovereign Trust Insurance Plc is no doubt a formidable force to reckon with in the Nigerian Insurance landscape with a network of offices in all the major cities of the country buoyed by cutting-edge technology in delivering seamless and convenient insurance service to all teeming customers in the country and beyond.

 

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Minister Affirms Nigeria Air Will Take Off April 2022

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Nigeria’s national carrier, Nigeria Air, will take off by April 2022, Hadi Sirika, minister of aviation, said on Wednesday.

The minister announced the take-off date while briefing state house correspondents after the federal executive council (FEC) meeting at the presidential villa, Abuja.

He said the national carrier will be run by a company in which the Nigerian government will hold a five percent stake while Nigerian entrepreneurs will hold 46 percent.

He said the remaining 49 percent will be reserved for yet to be assigned strategic equity partners, including foreign investors.

Sirika said the national carrier, when operational, will create about 70,000 jobs for Nigerians.

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#EndSARS: Panel Affirmed Nine Killed, Four Missing, 24 Injured At Lekki Toll Gate

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No fewer than nine #EndSARS protesters were killed at the Lekki tollgate on October 20, 2020.

This was contained in the report of the reports submitted by the Judicial Panel of Inquiry on Restitution for victims of SARS-related abuses and other matters obtained by our correspondent on Monday.

According to the report, nine protesters were confirmed dead while four were presumed dead.

The report listed 48 names as those who were casualties of the Lekki incident of October 20, 2020.

Among the 48 casualties listed, 24 sustained gunshot injuries, while 15 others were assaulted by soldiers and police.

The panel also noted that 96 other corpses were presented by a Forensic Pathologist of Lagos State University Teaching Hospital, Professor John Obafunwa.

According to the 309-page report, the protesters were killed by suspected policemen and soldiers.

Part of the report read, ” The evidence before the panel shows that after the Nigerian Army left, Nigeria Police Force, followed up with the killing of the protesters, shooting directly at fleeing
protesters into the shanties and the Lagoon at the Lekki Phase 1 Foreshore, close to the Lekki Toll Gate, floating corpse and one shot close to Serah Ibrahim.

“Several unidentified bodies were removed by security agencies and LASEHMU (Lagos State Environmental Health Monitoring Unit) and deposited at various hospital mortuaries in Lagos State.

“Three trucks with brushes underneath were brought to the Lekki Toll Gate in the morning of October 21st October, 2020 to clean up the scene of bloodstains and other evidence.

“The testimony and report of Professor John Obafunwa, a Forensic Pathologist of Lagos State University Teaching Hospital, showed that three corpses were deposited at the Mainland Hospital, Yaba Hospital, all from the Lekki Toll Gate and the autopsy conducted thereon revealed death from bleeding caused by penetrating objects or rifled weapon.

“The Panel finds that the fact of lack of identity of some of the other 96 corpses on the list supplied by Professor Obafunwa would not obliterate the fact that some of them could have come from the Lekki Toll Gate Incident of October 20, 2020, or that some other unidentified corpses may have been removed by their families or the military, as claimed by the EndSARS protesters, far and beyond the list tendered by Professor Obafunwa.”

The panel was inaugurated on October 19, 2020, to look into complaints of citizens against human rights abuses by the police.

Following the incident at the Lekki Toll Gate on October 20, 2020, the terms of reference of the Panel were expanded to cover that incident.

The panel sat for over one year, listening to testimonies of petitioners, witnesses, experts, and lawyers.

The panel treated 235 petitions and awarded N410 million to 70 victims.

The PUNCH

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Lagos #EndSARS Panel Submits Report

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The Lagos judicial panel on police brutality submitted its report on Monday to Governor Babajide Sanwo-Olu, at the government house, Ikeja, Lagos.

The panel submitted two sets of reports — a consolidated report on police brutality cases and the Lekki incident investigation.

On October 19, 2020, as part of recommendations put forward during the #EndSARS protests, the Lagos government inaugurated the judicial panel to investigate petitions on police brutality in the state.

Speaking after receiving the report, Sanwo-Olu said it is the beginning of the “difficult process of proper reconciliation and restitution”.

The governor commended members of the panel for the work done, adding that posterity will be kind to them.

He said the report will be submitted to the national economic council (NEC), adding that “proper response” will be accorded to the recommendations.

Sanwo-Olu also constituted a four-member committee headed by Moyosore Onigbanjo, the state’s attorney-general, to come up with a white paper on the panel’s recommendations within the next two weeks.

“I’m believing and trusting that this process will help us start the very difficult process of proper reconciliation, restitution, bringing together of anyone that must have been one form or the other being affected,” he said.

“By either the police or any of our citizens that must have been wronged by one form or the other, the process of healing, I imagine, with the submission of this panel report, will start that process.”

The sitting was initially meant to last for six months but the period of proceedings stretched into one year.

The panel concluded its sitting on October 18, 2021, and said its findings and recommendations would be submitted to the state government.

Doris Okuwobi, chairperson of the panel, had said 186 of the 252 petitions submitted were deliberated upon.

According to an infographic released by the panel, the sum of N409.7 million was awarded to 70 petitioners.

However, the decision of the panel not to disclose its report on the Lekki shooting incident did not go down well with many Nigerians, including lawyers representing #EndSARS protesters.

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