Wednesday, August 4, 2021
insurance

NAICOM partners FRSC on third party motor insurance policy

The National Insurance Commission (NAICOM) has partnered with the Federal Road Safety Corps (FRSC) to implement third party motor insurance policy across the country.
The agreement between the commission and FRSC was made during a recent visit by Boboye Oyeyemi, corp marshall, and his team to NAICOM headquarters.

Third party motor insurance is a form of insurance under which the insurance company agrees to indemnify the insured person, if he is sued or held legally liable for injuries or damage done to a third party.

It covers accidental damage caused by someone’s vehicle to another person’s vehicle or property.

“Both parties have agreed to work out an effective plan for the enforcement of third party motor insurance,” the commission said.

Last week, NAICOM also hosted Nasir Sambo, executive secretary of the National Health Insurance Scheme (NHIS), and his team.

The commission said both parties agreed to closely work together on the implementation of professional indemnity insurance for health workers.

Recently, NAICOM announced its collaboration with the federal ministry of transportation to ensure provision of adequate insurance for road transport owners and users within Nigeria and ECOWAS member countries.

According to the commission, the ministry and NAICOM agreed to immediately establish a joint committee to look into different areas of interest to ensure a mutually beneficial relationship.


Osinbajo turns ‘presenter’ as FG inaugurates National Traffic Radio in Abuja
Osinbajo turns ‘presenter’ as FG inaugurates National Traffic Radio in Abuja
June 15
21:46
2021
by TheCable
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Vice-President Yemi Osinbajo, on Tuesday, took up another professional calling briefly — as a radio host — as he presented live updates on the traffic situation across the country.

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Osinbajo gave the traffic update after he inaugurated the National Traffic Radio, 107.1 FM, at the headquarters of the Federal Road Safety Corps (FRSC) in Abuja.

While declaring the station open for operations, Osinbajo said the service will provide access to relevant information, as part of efforts to ensure road safety and improve the traffic situation across the country.

According to NAN, the vice-president gave a brief breakdown of traffic in the federal capital territory (FCT) and a few other areas.

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“Good afternoon. Wherever you are in this great country, this is Yemi Osinbajo, your always ready, always accurate traffic reporter, updating you on the traffic situation across the nation,” he said.

“So, let’s go to the FCT. As of a few minutes ago, the Keffi-Abuja inward section, traffic from Nyanya under the bridge to Kugbo, toward the city centre is slightly free-flowing. No impediments reported.

“Umaru Musa Yar’adua way, the situation report shows that there is free flow of traffic on both sections of the expressway. Kubwa-Katampe, Wuse-Berger, traffic services unit reports affirm that there is seamless traffic flow with moderate movement of vehicles.

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“Traffic update along the Lagos-Ibadan expressway as at 11:45am, did say that the inward corridor and section of the expressway is experiencing very slow, but moving traffic from the stretch of Lotto to NASFAT, Chinese company around Magboro, Punch-Arepo inward, Warewa, due to high influx of vehicles and the narrowed lane around the construction area.

“The sharp bend coupled with picking and dropping of passengers, all that is causing some slow movement around that area.

“Also, Jos-Bukuru-Vom is experiencing free flow of traffic, while motorists are advised to be careful around Ganaruwa hill. Jos metropolis, road users navigating inward Polo-Gada Biu through the metropolis should be mindful of heavy-duty vehicles and drive with extreme care. At Hill station roundabout to Polo roundabout axis is a sloppy terrain.

“So, the general conclusion is that road users are enjoined to obey traffic rules, avoid dangerous driving and use the roads as responsibly as possible.

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