Lagos to introduce compulsory insurance on all buildings in the state

Lagos State governor, Akinwunmi Ambode, plans to introduce compulsory insurance scheme for all buildings in the state


Director-General, Lagos State Safety Commission, Hakeem Dickson hinted this on Monday at a media briefing on the activities of the commission saying it was part of preparations towards the commencement of the policy implementation, the state government, in synergy with consortium of insurance companies and National Insurance Commission (NAICOM), was already working out ways of enforcing the policy.

According to him, the measure is in line with the Lagos State Government Safety Law 2003, saying the law would be applicable to both owners of completed and uncompleted buildings in the state.

Penalties for defaulters, according to him, attracts N100, 000, fine or one year imprisonment, or both on conviction

Dickson stated that the aim of the insurance policy was all about safety of lives and property in the state, adding that the grassroots was not left out in the drive to bring safety to all nooks and crannies of the state
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  1. This is what you get when you appoint a criminal to head responsible post.Nowhere in the world are property owners compelled to have insurance for their property it's optional if you want it or not.Hope meaningful and educated people in Lagos would take this fraudster to court when he comes up with his money stealing scheme

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