Vanguard (Lagos)

Nigeria: Seminar on Fake Insurance Policies Holds

13 November 2008


Managing Directors of Linkage Assurance Plc, GEM Insurance Brokers Ltd and Skelas Nigeria Ltd are to be facilitators for the seminar on financial losses to fake insurance policies holding in Apapa on 20th of November, 2008.

The seminar which is being put together by New Realm Communication, a front line marketing communications outfit in collaboration with Nigeria Maritime Administration and Safety Agency (NIMASA).

While Prince Olayewola Shittu, a renowned freight forwarder an Managing Director of Skelas Nigeria Ltd will be speaking on Attraction to Fake Insurance Policies: The bane of Importation, the Managing Director of Linkage Assurance Plc, Guo Wiggle, will be handling the topic, Social and Economic Implications of Fake Insurance to Nigeria with focus on maritime.

Chief Executive of GEM Insurance brokers Ltd, Olusola Julian Sobowale, who will also doubles as the Chairman at the event, will be treating the topic, "Process and Benefits of Insurance Policies to National Economy.

Managing Director of New Realm Communications, Mr. Goddy Ogheneajakpor, said the need to raid the nation's economy, especially in the maritime sector of fake insurance policies is the motivation for the seminar and the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) have bought into the vision and therefore has agreed to partner with New Realm.

Ogheneajakpor however disclosed that discussion is presently going on with some insurance firm on the sponsorship of the seminar.

He observed that funds being lost annually to these fake insurance policies would have helped the financial standing of insurance companies, as well as improve the employment capacity of the sector thus reducing the army of unemployed youths in the country.

The Managing Director of New Realm Communications further disclosed that amongst those "expected at the seminar are importers/exporters, Nigeria Customs Service (NCS), Freight Forwarders, Customs Clearing Agents, government agencies responsible for the regulation and control of both the Maritime and Insurance industries, shipowners, Brokers etc."

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