Nigerians Hate Insurance: Only 1.8 Million Out Of 12 Million Vehicles Insured In 2019, Says NIID | Sahara Reporters

In the insurance act of 2003, there are penalties: one-year imprisonment and a fine of N250,000. Enforcement has not been what we expect,” he added.

10.10.2019

Nigerians Hate Insurance: Only 1.8 Million Out Of 12 Million Vehicles Insured In 2019, Says NIID | Sahara Reporters In the insurance act of 2003, there are penalties: one-year imprisonment and a fine of N250,000. Enforcement has not been what... READ MORE:

In the insurance act of 2003, there are penalties: one-year imprisonment and a fine of N250,000. Enforcement has not been what we expect,” he added.

The Nigeria Insurers Industry Database (NIID) has so far captured an estimated 1.8 million vehicle registrations in 2019, out of 12 million automobiles said to ply Nigerian roads.

This indicates a drop in the number of insured vehicles on the country’s not-so-smooth road network. Soji

Oni explained that the government made the ‘third party’ insurance cover mandatory, to ensure victims of accidents are duly compensated.

He explained that the minimum third party insurance cover available on an annual basis for private vehicles is N5,000.

He added, “You know, that avenue has been paralyzed, the law enforcers on the road use NIID. So if you patronize a tout, how does your car get on NIID? If it is not on NIID, there’s no mistake.”

Read more: Sahara Reporters

Because of insurers hardly settle claims. Go and come bring this report and that report until you get tired. Of course because it's useless, when was the last time an insurance company paid for any damages except for those wealthy few? That is a lie. Which insurance company is the VIO registering our vehicles with?

Many people don't know what do do with insurance... Those who do, get frustrated when the want to make a claim in the event of an accident. So what is the use? I don't see any benefit of the third party insurance(₦5k) I was forced to pay every year I change my vehicle particulars. Is not their fault... the scam in the country is much. From government down to your neighbour Nigerians don't trust themselves. Extortion every where they complain. Show them dat you do not extort them.

Most pple dont knw how it works and have not seen it working. Do more advert, enlighten potential customers and show practical. It will go a long way Lie, I say lie, Nigerian don't trust insurance companies, they are the most unreliable private institution I have even seen, we by 3rd part, Lass lasss nobody loss

Blood of Jesus is sufficient for us. Insurance in Nigeria is scam.... Once you call on your Insurance company to fulfill their part of the contract, they'll begin to tell you stories 😏 Its 'HEALTH INSURANCE' or HATE INSURANCE ?

NIMC Urges Prospective Nigerian Undergraduates To Enrol For NIN | Sahara Reporters.nimc_ng Urges Prospective Nigerian Undergraduates To Enrol For NIN | Sahara Reporters NIN was mandatory for the UTME examination, hence obtaining the NIN qualifies candidates for its registration. READ MORE: nimc_ng To reduce the crowd and pressure in all these nimc_ng centers, they should go to campuses and do registration. nimc_ng So what will happen to those going for direct entry ? nimc_ng But some people like myself have enrolled since 2013 and up till now nimc_ng says our id cards are not ready.

No one likes to pay for insurance anywhere in the world.People pay insurance in efficient countries because it is likely to go to jail 4 driving without insurance. In Nigeria,if a police stops u without insurance, you bribe him with N200.Little things matter I disagree, there is no registered vehicle that don’t have Insurance 3rd party or what ever it’s called the only problem is the measures you have in place. We all paid VIO, they have 1 small office where they print the cert. we don’t know who that office represent. Chuwa Chuwa

The same thing with Life Assurance 😅😂😂 Nigerians do not understand how insurance works, not that they hate it. Try make a claim and see how far you get. You cant claim against accident caused by bad road. Laws compelling insurance are disregarded even by government institutions. Third party insurance.. What are they insuring? Smh 🤦🏾‍♂️ all na wash

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Nigerian Selected For Global Sports Mentoring Program In United States | Sahara ReportersNigerian Selected For Global Sports Mentoring Program In United States | Sahara Reporters Dr Nariwoh is one of the 16 participants from around the world, who have been chosen for the US Department of State’s Global Sports Mentoring Program...READ MORE: Do business online by clicking on the link

Chido Onumah: Yes, All Nigerians Have Become Biafrans By SKC Ogbonnia | Sahara ReportersTherefore, Onumah’s ordeal is nothing but a growing sense of intolerance or, rather, what Wole Soyinka referred to as an “unprecedented level of paranoia” being witnessed in the current regime, while he was condemning the unwarranted detention of another activist, the Nigeria’s foremost anti-corruption crusader, Omoyele Sowore. We are all Biafrans.

Nigerian Driver Steals Boss N100,000, 'Invest' In BetNaija, Lands In Court | Sahara ReportersNigerian Driver Steals Boss N100,000, 'Invest' In Bet9jaOfficial, Lands In Court | Sahara Reporters He told the court that the offence committed by the defendant was contrary to section 383 and punishable under section 390(9) of the Criminal... READ MORE: Bet9jaOfficial The power of gambling

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