NCRIB Spits Fire Over Corporate Governance Code | Independent Newspapers Limited
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Business, Insurance

NCRIB Spits Fire Over Corporate Governance Code

Posted: Jul 9, 2015 at 1:00 am   /   by   /   comments (0)

The Nigerian Council of Registered Insurance Brokers (NCRIB) has vowed to ensure that the interest of its members is not in any way emasculated by the Code of Corporate Governance being proposed by the National Insurance Commission (NAICOM).

The President of NCRIB, Ayodapo Shoderu, stated this during the Member’s Evening of the council in Lagos recently.

He said “the proposed Code of Corporate Governance has been generating some ripples amongst operators in the insurance industry. Permit me to state that the Council is quite proactive on this matter and will ensure that the interest of its members are in no way emasculated by the Code.”

As part of this practical step, he informed that the council made a powerful representation at the Public Hearing held by FRCN here in Lagos last week, adding that “the mandate of NCRIB is to protect and preserve the existence of all its members and we shall not shy away from this vision under any guise”.

Speaking on the loss of eight students of Olabisi Onabanjo University and four post-UTME candidates of the institution in a ghastly accident at Ilishan Junction along Sagamu/Benin Expressway recently, Shoderu called on the government to find lasting solution to such avoidable accidents on our major roads.

He equally pleaded with the government to also partner insurance industry to enforce all the compulsory insurance policies in the country.

As the media was awash with gory tales of tanker drivers accidents a couple of months ago, where goods and properties worth billions of naira were lost to the inferno, he lamented that most of the affected properties and lives involved were not adequately insured.

While insurance may not prevent death, the NCRIB boss maintained that the trauma of dependants after the loss of breadwinners could be avoided if insurance has been given its rightful place.