T he Nigerian Insurers As- sociation has commiser- ated with the families of those who lost their lives in the collapsed 21-story building in Ikoyi last week. The Director-General, NIA, Yetunde Ilori, while observing the worrisome recurrence of building collapse in the coun – try, emphasised the need for the general public to comply with building rules and embrace in- surance for the protection of life and property.
She said: “Insurance Act 2003 in its Section 64(1) states that no person shall construct any build- ing of more than two floors with- out insuring with a registered insurer his liability in respect of construction risks caused by his negligence or the negligence of his servants, agents or consul- tants, which may result in bodily injury or loss of life to or dam- age to property of any workman on the site or of any member of the public.” According to her, all the stakeholders in the construc – tion industry should take ap- propriate steps to ensure com – pliance with the extant laws to stop the needless loss of life and property.
“This is not the time for blame game but sober reflec – tion and a call to action. Those who are vested with the power to enforce the laws of the land owe it a duty to ensure that laws are obeyed,” she said. She charged the Lagos State government to domesticate the law on insurance of buildings under construction. Also, President of the Ni- gerian Council of Registered Insurance Brokers (NCRIB), Rotimi Edu, in a statement, said the increasing cases of building collapse are a call on relevant stakeholders to ensure compli- ance with extant regulations. He specifically highlighted the crucial roles of insurance bro – kers in claim payment
