NAICOM, Cus­toms move to end fake marine in­sur­ances

Daily Trust - - BUSINESS -

The Na­tional In­sur­ance Com­mis­sion (NAICOM) and the Nige­rian Cus­toms Ser­vice (NCS) are col­lab­o­rat­ing to end fake in­sur­ances at the sea ports.

The col­lab­o­ra­tion also seeks to en­sure that all goods im­ported into Nige­ria have in­sur­ances.

The col­lab­o­ra­tion was an­nounced by NAICOM and NCS when the Com­mis­sioner of In­sur­ance/CEO Na­tional In­sur­ance Com­mis­sion, Al­haji Mo­hammed Kari paid cour­tesy visit on the Comp­trol­ler-Gen­eral of Cus­toms, Col. Hameed

a Ibrahim Ali (Rtd).

“The col­lab­o­ra­tion has taken up. We have signed and sealed the col­lab­o­ra­tion thus, it’s now left for us to work the fine lines and see how we can work to­gether in achiev­ing it,” the Cus­toms boss told news­men shortly af­ter the meet­ing.

He also said the col­lab­o­ra­tion will in­clude NAICOM build­ing tech­ni­cal ca­pac­ity for the Nige­rian Cus­toms to be able to de­tect fake in­sur­ances at the ports.

“The com­mis­sioner has gra­ciously agreed to give us his team of ex­perts who will now sit with us and train us on in­sur­ance so that we will have some of our of­fi­cers and men who have some level knowl­edge of in­sur­ance. This is novel and we are sin­cerely grate­ful,” he said.

Speak­ing fur­ther, the Com­mis­sioner for In­sur­ance, Al­haji Kari, said the Cus­toms still have prob­lems with the marine in­sur­ance. Most of the in­sur­ances that are taken to cover im­ports into Nige­ria are sup­posed to be by the Nige­rian in­sur­ance op­er­a­tors. But un­for­tu­nately, the Cus­toms Ser­vice doesn’t have the fa­cil­ity to iden­tify fake in­sur­ances. So what they do is that, once they can­not con­firm if in­sur­ance is fake or where there is no in­sur­ance, they just add the value of in­sur­ance to cal­cu­late the CIF but they don’t pur­sue the in­sur­ance as­pect which is a big loss to in­sur­ance and the Nige­rian econ­omy”, he ex­plained.

“We have agreed to work on that and we will as­sist them. We are go­ing to work with the mar­ket Of­fices Com­mit­tee of the Nige­rian In­sur­ance As­so­ci­a­tion (NIA) to come up with some­thing that will syn­chro­nize with the Cus­toms por­tal so that with a click of the but­ton, the Cus­toms can con­firm the au­then­tic­ity of the cer­tifi­cate to be gen­uine or not”, he said.

Kari also at the meet­ing with the CGS ad­vised min­istries, de­part­ments and agen­cies of gov­ern­ment to en­sure com­pli­ance with the pro­vi­sions of ex­tant laws in all their in­sur­ance ac­tiv­i­ties.

He called on all MDAs to set up in­sur­ance desks or units in their var­i­ous of­fices and manned by qual­i­fied in­sur­ance pro­fes­sion­als to han­dle the in­sur­ances of their as­sets.

He stressed that ad­vis­ing the gov­ern­ment and all its agen­cies on in­sur­ance mat­ters is one of the key func­tions of the com­mis­sion and was pre­pared to of­fer this ser­vice to en­sure ad­e­quate in­sur­ance and pro­tec­tion of all gov­ern­ment as­sets.

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