Insurers And Fake Policy

The outcry by the Nigerian Insurers Association (NIA) that the industry is drowning in a cesspool of quack insurers and fake policies must be seen for what it really is, a wakeup call for the industry. It claimed that more than N40 billion is lost through this unwholesome process yearly Even worse still is the claim by the professional body that half of the estimated 16 million vehicles on Nigerian roads are illegally covered as most of the policies are contracted by quacks and are therefore fake. Before this outburst, the industry in Nigeria had brought upon itself an abysmally poor public image that has continued, over the years, to stymie its growth and development. The sad aspect of it is that the challenge is eminently self-inflicted. Before now, taking an insurance policy, especially for vehicle and other machineries, was considered something one does because it was required by law to...
By Sampson Ikemitang In the words of Martin Luther King Jr., “We must learn to live together as brothers, or we will perish together as fools.” Fifty years after Nigeria was plunged into a deadly civil war on July 6, 1967 which terminated in January 1970 with an unprecedented massacre of over 2 million people in the nation’s history, there has been a resurgence of strange drumbeats of war across its geo-political zones. As a result, many people have been left to wonder in utter despair, asking: “Can Nigeria really afford one more bloodshed?” This is against the background of recent events in the country which tend to suggest that the nation may once again be thrown into another needless war, if the gale of hate speeches and violent messages being freely circulated among ethnic nationalities is allowed to go on unchecked. It will be recalled that Nnamdi Kanu, the leader of the...
Recently, in Lagos, a young mother of 22 was reported to have sold her three month old baby for a paltry N50, 000. This is considered expensive going by what is becoming a fad where babies are sold for as little as N20, 000. The case in Lagos is reflective of a pervasive phenomenon that is thriving even with the law specifically prohibiting such practice in place. Many have blamed this situation on economic recession eliciting the question, can a mother actually sell her own blood no matter the circumstance? A mother’s love for her child comes with exceptional devotion. It is that attitude that drives her and brings out the last strand of her energy to provide for and protect her child. We recall the case handled by the biblical King Solomon who used divine wisdom to locate who the actual mother of the child was. Mothers, as we know...

Nigeria, China Relations

The Nigeria-China relationship has come a long way dating back to more than three decades. Recent developments especially in the areas of construction, commerce, trade and strategic partnerships are designed to reinforce and strengthen existing friendship between the two countries. Though in its relations with Nigeria, she has tried to emphasise economic, scientific and cultural relations, aid is also an instrument for enhancing bilateral relations, a policy that is evidently different from the other exploitative practices that had kept Nigeria’s development on a low key since independence. China has a record of not indulging in imperialistic or expansionist tendencies or for that matter, enslaving those she has relations with. That abiding principle is being applied in her relations with Nigeria. Today, the more visible aspect of Nigeria’s relations with China is in the areas of construction-roads, airports and the railway financed through what is generally accepted as liberal enough terms...

As Oniha Repositions DMO

The nation’s total debt profile as at December 31, 2016, was $57.39 billion (N17.36 trillion). A breakdown of the debt component indicate that the external debt stock stood at $11.41billion (N3.48 trillion), while on the domestic side the nation’s debt stood at $45.98 billion dollars (N13.88 trillion). This debt profile is made up of debts of the Federal Government, the 36 States of the federation and the Federal Capital Territory. This debt situation is, expectedly, generating controversy in government circles as the debate on whether to borrow or not to borrow lingers. The Finance Minister, Mrs Kemi Adeosun had, in the midst of it all, argued that diversification of revenue base would ensure that the nation did not continue to rely on debt to fund her budget spending over the long term. She insisted that Nigeria has got to get her budget bigger and to do that she could not solely depend...
The ruling elite class in Nigeria has a mischievous way of being rude to those they love to describe as the poor. The condescension cuts across the spectrum, cadre and dispensation whether in a military regime in the country or democracy. And their agents inflict these insults without any qualm of conscience or compunction.  A more recent episode is playing out in Edo State as the government sets in motion a plan to build a brand new university in the state. Don’t laugh because the existing one at Ekpoma, Ambrose Ali University, is barely trudging on for lack of adequate funding. However, and in our opinion, considering the near insatiable demand for tertiary education by the youths of the state, three or more universities in that state will barely fill the yawning gap. Therefore, our argument is not directed at the idea of a new institution but the intentions of...
By magnus Onyibe John McCain , the indomitable United States of America, USA senator whose vote torpedoed the Republican Party- his political party's attempt to repeal the USA affordable health care bill-dubbed Obamacare is a study in political courage.This is because along with two other senators - Suzan Collins and Lisa Murkowski who incidentally are ladies - he casted the vote that thwarted the plan of the current USA president Donald Trump and the ruling Republican Party to scrap the existing affordable health care coverage nicknamed Obamacare.  If the vote for the repeal had sailed through, an estimated 30 million Americans would have been compelled to face avoidable health care risks. In a US regime where both the executive and legislative arms of govt are under the control of the Republican Party, and l dare add the judiciary arm as well (since Trump had the rare privilege of appointing a conservative...
It is simply amazing the level of graft that was visited on Nigeria’s oil sector under the supposed watchful eyes of former Petroleum Minister, Diezani Alison-Madueke. The revelations in a civil lawsuit, brought by the United States of America Department of Justice (DOJ’s), Kleptocracy Asset Recovery Initiative, can only be described as mind boggling. In that lawsuit, that US agency is seeking to recover $144 million in assets, including a $50 million luxury condo apartment in New York and the $80 million yacht. The yacht, Galactica Star, a 65-meter luxury yacht, owned by Kolawole Aluko which he acquired for $80million is proof that something evil went on under the administration of President Goodluck Jonathan. This money that was splashed on one luxury item was from an oil deal Nigerians were made to belief will alleviate the hardship they experienced then as a result of the inadequacies of local supply...
There is simmering restiveness in tertiary institutions in the country over recent hike in school fees. The increase which cut across federal, state and private institutions is seen by the authorities of those schools as one of the ways of shoring up their internally generated revenue in the face of dwindling resource allocation from, especially, the federal and state governments. The Academic Staff Union of Universities (ASUU), has raised an alarm on the possible negative implications of the hike on the chances of the poorer segment of the society having access to tertiary education. This is not the first time the schools are jacking up their charges so as to augment receipts from government sources. ASUU, understandably, is not out rightly against the increase in fees but blamed the inevitable development on the failure of the government to adequately fund the schools as prescribed by the United Nations’ Educational, Scientific...
By Adesoro Olamide Nigerian youngest governor, Yahaya Bello of Kogi State, stepped up into the saddle of leadership with a burden to achieve a positive change for his people. His various decisions and activities since then brooks no illusions that it is in no longer business as usual, but rather business unusual. He captures his vision in a piquant phrase, New Direction. However, the determined Chief Executive is not our immediate focus in this piece, but his pretty, value-prolific wife and First Lady of Kogi State, Her Excellency, Mrs Rashida Yahaya Bello. We have no idea, how much planning went on between husband and wife in the closet, but if Kogi State people wondered about what dimension and elements the Governor’s New Direction would prove to be, they didn’t have to wait for one hundred days before the supportive wife of the Governor unfolded new portals in First Ladyship to Kogi...