The Nigerian Insurers Association (NIA) has announced its resolve to tackle the incessant building collapse menaces cross the country.
This is as the association is mulling collaboration with the Lagos State Building Control Agency (LASBCA) with a view to using the Nigerian Insurance Industry Database (NIID) verification platform for enforcement, verification and validation of genuine compulsory building under construction insurances to address the nagging issue of building collapse.
Mr. Ganiyu Musa, the NIA chairman, who disclosed this during a media parley in Lagos on Tuesday, said the compulsory building under construction insurances was made mandatory by law through Insurance Act 2003 (section 64), and Lagos State Urban and Regional Planning and Development (Amendment) Law 2019 (Lagos State Urban and Regional Planning and Development Law, CAP U2 Lagos State Building Control Agency Regulations, 2019).
Musa noted that the association was also collaborating with Lagos State Safety Commission (LSC), Nigerian Council of Registered Insurance Brokers (NCRIB) and Courteville on the implementation, enforcement and validation of genuine compulsory occupiers liability made mandatory by law for all public buildings through Nigerian Insurance Industry Database (NIID) Verification Platform.
