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FG, NAICOM Move To Safeguard Govt Assets With New Guidelines

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Mr. Sunday Thomas, NAICOM Boss
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BY NKECHI NAECHE—ESEZOBOR—-Plans by the federal government to ensure all its assets across the Federation are insured has gotten a boost following a meeting between the leadership of the National Insurance Commission (NAICOM) and the Secretary to Government of the Federation, Senator George Akume.

Speaking at a two days seminar for financial journalists in Uyo, Akwa Ibom State, the Commissioner for Insurance, Sunday Thomas, said both parties agreed on the need to establish new guidelines for the insurance of government assets.

According to him the disposition of the Federal Government to insurance steaming early in the present administration is steps away from what it was and an excellent step in the right direction.

He noted that the government is firm on its new stand on insurance and is already nurturing with the Commission a strategic guideline that will serve as a blueprint for government new front on insurance purchase that would be religiously followed by government Agencies and Departments.

“Since the new government came in, I have had course to see the SGF and we are working on the guideline for the insurances of government assets and they are taking it seriously.

“Besides, His Excellency the President Bola Ahmed Tinubu, established an insurance culture in Lagos when he was Governor, and until today except one Governor that ‘didn’t pay premium all the other Governors till date have paid premiums and followed the template that he put down for insurance. He is replicating that at the Federal level.”

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