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Nigerian Insurance Companies Forced To Donate To COVID-19 Funds | Sahara Reporters

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Insurance firms were not given the chance to deliberate on the issue before the order was handed down to them, according to stakeholders contacted by SaharaReporters.

The National Insurance Commission has compelled insurance companies in Nigeria to make donations of not less than N10m to the fight against Coronavirus in the country.

The letter signed by Olorundare Sunday Thomas, Acting Commissioner for Insurance, reads, “To this end and following from my engagements with leaders in our industry, it has been resolved that the sum of N500m be mobilised towards the initiative.

 

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Na steal dem go steal the money Las las

Its a good development!! Insurance. Companies in Nigeria make billions every year, underpay their staff and go free. Dey should pay, their mates have paid.

Toh

It is not mandatory but '...Necessary...' please check the first paragraph. Semantically, it means they must.

Forced Patriotism is a Nigerian brand.😂

Na wa o

This particular money,it WILL be STOLEN. This i know for a fact

If you ask me Na who I go ask? FG forces Insurance coys to donate funds, who forces the FG to reach out and donate funds to each and every citizen?

This a a friendly mandatory request that will result in powerful consequences if not adhered , if these companies don't pay up , the commission will make life hard for them .

Are you sure they are forced?

Please where is the 'forced' in the letter? Kindly do something about your style of reporting.

Their shouldn't force anybody to pay anything d one make den fal donate no be den 4 dy say accountant general office Don burn so

Maybe I don't understand English properly, I read the letter in full and I can't find where they made it mandatory to donate.

Na by force ..nawaa oh😏😏😏😏

Aaaah we are finished in this country, we've back to authoritarian leadership style

This a shake down na ? Na by force ?

How many persons have forced The federal government to fix our roads? If I Own one...They Never Born That Government well

Is due to the current situation

They should donate to our bank acct na.... Accountant general office is on fire another excuse for the covid19 relief fund

can this news be truth? How can they force company to donate

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