The Nigerian Insurers Association (NIA), has assured it will compensate all individuals, families, and businesses affected by the tragic fire incidents that occurred at the Afriland Towers and Emab PLaza in Lagos
Kunle Ahmed, Chairman of NIA, in a statement on Thursday, said the association has identified member companies who provided insurance covers for the said buildings.
According to him losses under valid insurance policies would be duly compensated by the respective insurers.
He also has extended condolences to individuals, families, and businesses affected.
The statement reads: “The Nigerian Insurers Association (NIA) extends its heartfelt condolences to all individuals, families, and businesses affected by the tragic fire incidents that occurred at the Afriland Towers and Emab PLaza in Lagos on Tuesday, 16 September 2025.
We deeply mourn the loss of lives and property and stand in solidarity with those who are grieving and rebuilding in the aftermath of this unfortunate event. Our thoughts are with you during this difficult time.
“As the umbrella body for insurance and reinsurance companies in Nigeria, we wish to assure all affected parties that we have identified member companies who provided insurance covers for the said buildings and losses covered under valid insurance policies will be duly compensated by the respective insurance companies. The insurance industry remains committed to upholding its promise of protection and financial recovery in times of crisis.
”We also use this moment to encourage members of the public and business owners to embrace insurance as a vital tool for risk management and resilience. The importance of being insured cannot be overstated, especially in a world where unforeseen events can have far-reaching consequences.
”Together, we can build a more secure and responsive insurance culture across Nigeria.”
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