#EndSARS Mayhem Cost Insurance Firms N4Billion – NIA

Following the violence that erupted during the EndSARS protest which led to the damage of properties, the Nigerian Insurers Association (NIA) has disclosed that insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the mayhem.

Ganiyu Musa, Chairman of the NIA, disclosed this at a news conference in Lagos on Thursday.

Mr Musa also assured customers that all genuine claims emanating from the protests would be paid.

He stated insurance operators were still collating claims stressing that every genuine claim would be settled.

“The number of insured businesses that were affected at the last count was about 2,000 insured loss, and the industry has settled N4 billion claims out of N4.5 billion in respect of the #EndSARS protests.

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