SUNU Group Donates ₦15 Million Medical Equipment and PPE to Lagos State Ministry of Health In Support Of COVID-19 Efforts

SUNU Assurances Nigeria and SUNU Health Nigeria, both subsidiaries of the SUNU Group, a foremost Pan-African Insurance Group, on Friday 8th May 2020 donated medical equipment and Personal Protection Equipment (PPE) to the Lagos State Ministry of Health as part of her contribution to the fight against the COVID-19 pandemic.

The donated items which include Personal Protection Equipment, goggles, masks, and gloves all worth the sum of ₦15 million were handed over to Mr. Olajide Razak, the Lagos State Ministry of Health medical warehouse manager, who received the items on behalf of the state.

Present at the handover was the Chairman of SUNU Assurances Nigeria, Mr. Kyari Abba Bukar, who presented the items to Lagos state, 

“It is important to protect the people at the frontline, the healthcare workers battling this pandemic. They are the ones handling the patients. They are saving lives”, Mr. Bukar said.

Also present were other top executives, MD. SUNU Assurances Nigeria, Mr. Samuel Ogbodu, and MD. SUNU Health Nigeria, Dr. Patrick Korie.

Speaking on the choice of donated items, Dr. Korie noted that it was the desire of the SUNU Group to contribute to efforts of the Lagos state healthcare workers who are at the frontline battling the COVID-19 pandemic.

Mr. Samuel Ogbodu further emphasized the availability of insurance products such as Group Life insurance to protect the lives and livelihood of the brave health workers at the forefront of the battle against this pandemic.

The SUNU Group is committed to safeguarding the well-being of populations with global donations of medical equipment and Personal Protection Equipment (PPE) being made to Ministries of Health across the 15 African countries it operates in. This commitment is backed by continuing efforts to actively find new ways to deepen its support to governments in its fight against COVID-19.

Mutual Benefits Assurance Pays Over N339 Million To Customers

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to  customers across its businesses amidst COVID-19 lockdown.

The company made the disclosure in Lagos  in a statement by its Head of Corporate Communication, Ellen Offor

The insurance company reassured its customers of its financial stability and  resilience of its businesses.

It said that following directives by the federal and state governments on the resumption of economic activities, its branches across the nation  resumed  business activities on Monday.

It, however.  said that its Kano branch would remain closed while remote business transactions would continue due to lockdown still in force in the state.

“Our operations will recommence with staff  who will be physically present in the various offices and those who will continue working from home.

“During the period of the lockdown, we leveraged on technology to enable our customers to carry out business transactions with us unhindered.

“We have also activated our mobile app in line with our strategic plan on information technology  transformation across our businesses operations to provide our customers with speedy, accessible and efficient services at their convenience.

“The Mutual Benefits Finance APP is available on Google Play Store, and we encourage our customers to download and make use of the mobile app,” it said.

The firm said that safety protocol put in place before the lockdown would continue.

It listed the measures to include compulsory wearing of face masks and social distancing.

The company said that all its staff, customers and visitors would  be required to wash or sanitise  their hands and have their temperatures checked before entering offices.

“Frequent disinfecting of floors, door handles and flat surfaces will also continue,” it added.

The insurance company  hoped that Nigeria would emerge stronger after the COVID-19 pandemic.

It implored its customers and the general public to adhere to all safety measures to curb the pandemic.

‘Free N11bn Insurance Industry Policy Complementary To Existing Policies’

Stakeholders in the insurance industry have reiterated that the N11 billion insurance benefit provided for frontline health workers fighting Covid-19 as part of their support is a complimentary to existing insurance policies of the workers.

This is coming following concerns by some observers who think the cover is not big enough for the frontline workers.

The newly appointed Commissioner for Insurance, Mr Sunday Olorundare Thomas who made this known to journalists in a statement said the health workers have an existing policy, Group Life Insurance Policy as mandated by the Pension Reform Act 2014 (PRA) on employers.

He further disclosed that the Federal Government who is the employer of the health workers on the frontline have paid for their Group Life Policy before now, hence the cover is in place.

He said states are also meant to have in place the Group Life Policy for the workers.

He said: “The N11 billion benefit was paid for by the insurance industry as part of their support to motivate the health workers and fight against Covid-19. The 5000 people covered are from all the state of the federation. The industry has assumed the liabilities on their own and we are looking at a worst case scenario. Nobody prays for a total fatality but where we have this kind of policy in place, we have the assurance that when it gets bad, the industry will always be there for us.

“A lot of resources have been put into dealing with Covid-19 and of course the first port of call for us in the insurance industry is to look at our business and see areas in which we can support the government. We came together and we looked at the front line workers and doctors, nurses, laboratory workers, other workers that are involved in Covid-19 and we provided some benefits which is a top up to the one already provided under the Pension Reform Act (PRA) 2014. It is assumed that majority of those that would be working will first of all have the baseline group life cover. The federal government has secured the group life cover and some State Government have done the same.

“The cover has a one-year lifespan. We don’t expect that the Covid-19 to last up to one year looking at the effort the government has put into this, we want to put it behind us as quickly as possible. Yes, it is a new virus. They call it novel but at the same time, we believe that with the Nigerian mentality in matters like this, we don’t have to go through the bend like other countries. I am sure once we get to the peak, we will begin to descend very fast to a zero level. I believe that it is not even going to last up to one year, so that is why we gave it a period of cover is 12 months”, he noted.

Director-General, Nigeria Insurers Association, Mrs Yetunde Ilori also in a statement explained that the industry paid a premium of N112.5 million to secure the life insurance policy document, “COVID-19 Intervention Team Life Insurance Cover” for the workers.

“We are ready to cover 5000 health workers in all, out of which 1000 are doctors, 1500 nurses and pharmacies while 2500 are other workers and volunteers including drivers, cook, cleaners, gatemen, among others.

“The policy covers Covid-19 centers under the Nigerian Center for Disease Control (NCDC) across the country and other accredited centers by the NCDC. Anybody we are paying has to come under NCDC because our support is for the Federal Government”, she added.

Wapic Insurance Plc  Offers Health Workers 15% Premium Rebates On New Policy Uptake.

Following it’s recent announcement giving premium refunds to customers with active motor vehicle policies during the lockdown period, Wapic Insurance, one of Nigeria’s leading underwriters, has gone further to offer health workers across Nigeria a 15% discount on new policies taken up in 2020 to help cushion financial hardships associated with the​ COVID-19 pandemic. The rebate to health workers covers Personal Accident, Householder Insurance and Motor Insurance and is for the tenor of the policies. In line with regulations, discounts do not apply at renewal.
According to the Managing Director, Mrs Adeyinka Adekoya, “This corporate gesture is in appreciation of the noble effort of our health workers, who are in the frontline of the battle against the Covid-19 pandemic”.
Last week, the insurer announced a pioneering initiative costing millions of Naira in premium revenue that will give refunds to its motor insurance policy holders.​ The offer from Wapic Insurance ensures that customers with active policies are automatically credited with refunds based on the lockdown period.​
Since the outbreak of the pandemic in Nigeria, Wapic Insurance has been at the forefront of Insurance sector contributions towards the fight against the Covid-19 virus. The company has contributed 40 million Naira to the Federal Government’s Covid-19 response effort, Wapic is also one of the Insurance Companies underwriting free health cover for Nigeria’s 5000 health workers. Most importantly the company is demonstrating its commitment to sustainable business practices by fighting the pandemic through its core underwriting products and services
Wapic Insurance is committed to rolling out more socially responsible and development focused initiatives using its capital, products and services during these challenging times.

The National Pension Commission (Commission) wishes to inform stakeholders in the Nigerian Pension Industry and the general public that its regulatory intervention in First Guarantee Pension Limited (the PFA), which resulted, among other things, in the appointment of an Interim Management Committee (IMC) to superintend over the affairs of the PFA had been concluded. The intervention was undertaken in August 2011 based on the findings of the Routine and Special examinations carried out by the Commission.


The conclusion of the intervention was as a result of the judgement delivered by the Court of Appeal, Abuja Division on Thursday, 30 April, 2020, in the three Appeals filed by the Commission, the Attorney-General of the Federation and the PFA, against the judgment of the Federal High Court that nullified the Commission’s regulatory measures. The Court of Appeal’s decision upheld the Appeals, thereby setting aside the judgment of the Federal High Court in its entirety. Thus, the judgment of the Court of Appeal validates the regulatory actions taken by the Commission in 2011. 


Accordingly, the Commission has handed the PFA over to its reconstituted Board of Directors under the chairmanship of Alh. Kashim Ibrahim Imam with Hon. Tsegba Terngu, Hon. Ahmed Salik, Dr. Pat Asadu, and Hon. George I. Ozodinobi as members. Concurrently, the Commission has dissolved the Interim Management Committee it appointed on 12 August, 2011.


The Commission would like to use this medium to assure all clients of the PFA that the company has been returned to normality. The Commission further reassures pension contributors and the general public that it is alive to its responsibility of ensuring the safety of the pension industry at all times.

Sunday Thomas Is Substantive Nigeria’s Commissioner For Insurance

Sunday Thomas has become Nigeria’s  substantive Commissioner for Insurance and Chief Executive Officer of the  National Insurance Commission (NAICOM).
This follows his confirmation by President Muhammadu Buhari
Thomas replaced immediate past commissioner for Insurance/CEO, Mallam Mohammed Kari, as Acting Commissioner for insurance/CEO of the National Insurance Commission in July 2019.
Thomas, who has over three decades of experience in the industry as an operator and regulator, was appointed Deputy Commissioner in charge of technical matters by President Buhari in April 2017.
He was formerly Director-General (DG) of the Nigerian Insurers Association (NIA) in 2010.
In a statement at the weekend by Yunusa Tanko Abdullahi Special Adviser, Media and Communications to the Minister of Finance, Budget and National Planning, the President also approved the appointments of two board members for Nigeria Deposit Insurance Corporation (NDIC), Mrs. Ya’ana Talib Yaro as the Non Executive Director representing the North East, and Mrs. Diana O. Okonta as Non Executive Director, to fill the slot for the South South.
The appointments take immediate effect.
Nobody Forced Us To Donate N10m to COVID-19 -Insurers


Insurance companies in Nigeria have issued a statement denying a recent report which alleged that the 57 Insurance companies where being compelled to contribute N10 million each towards the fight against Coronavirus pandemic.

The companies under the umbrella body of the Nigeria Insurers Association (NIA) said the claim that their regulator, the National Insurance Commission (NAICOM) compelled them to make the donation was only put in the public domain to embarrass the insurance industry.

NIA Chairman, Mr. Tope Smart who made this known in an interview with journalists expressed sadness over the report.

Smart who is also the Managing Director of NEM Insurance Plc, explained that the association decided to align with the private sector to support the efforts and initiatives of the Presidential Task Force, State Governments, Ministry of Health, Nigeria Centre for Disease Control (NCDC) to contain the spread by contributing to a fund to provide N1 million life insurance cover and procure testing kits and protective materials for the use of medical personnel saddled with the responsibility to the tune of about N100 million.

He said: “What happened is that we called a press briefing where we announced that we are providing N1 million free life insurance cover for each health personnel and allied professionals in the country who are attending to victims of Coronavirus (COVID-19) and also procure testing kits, protective materials worth over N100 million.

“But the Acting Commissioner for Insurance, Mr. Sunday Thomas later called us that the Commission would want to join us to boost our plan, by also making contributing to the fund that we have set aside in other to increase the benefits provided under the planned scheme.

“We welcome the development and at that point, we allowed the Commission to take the lead. We were happy that it then became an industry based project where other stakeholders in the industry can join the NIA”.

He noted that on their part, they had earlier agreed to intervene in two folds.

“We had arrangements to procure testing kits and protective materials for the use of medical personnel saddled with this responsibility. The materials were to be delivered to the NCDC.

“Also in line with our profession as risk managers, we agreed as an association to arrange a special life insurance cover for all health personnel and allied professionals who are attending to victims of COVID-19. We decided to provide Death and Permanent disability benefits to the frontline staff who are exposed to a lot of risks”, he added.


We Did Not Force Any Insurance Company To Donate For Covid-19 -NAICOM

In response to reports making the rounds on some online newspapers, the National Insurance Commission (NAICOM) has refuted reports that it forced insurance companies in the country to make donations towards Nigeria’s fight against Covid-19.

The report had stated that NAICOM in a letter to registered insurance companies compelled the companies to make donations of not less than N10 million to the fight against Coronavirus.

NAICOM spokesman and Deputy Director, Mr. Rasaaq Salami in a telephone conversation expressed the Commission’s disappointment over the news, describing it as not only false and misleading but mischievous.

He explained that the commission only called on the companies to join in providing support for the government at all levels to the fight against Coronavirus in the country.

He said: “This report is not only false and misleading but mischievous. It is a deliberate attempt to embarrass the Commission.

“No insurance company is being compelled or forced to contribute to the COVID 19 fund. NAICOM only requested the support of insurance companies further to the agreement between her, the Nigeria Insurers Association (NIA) and the Nigerian Council for Registered Insurance Brokers (NCRIB) for a coordinated effort towards making a consolidated contribution to the fund as an industry”. He noted.

He urged the public to disregard the report as false and bias.



The spread of COVID-19, commonly referred to as the coronavirus, is an exceptional event that is becoming an increasing public and workplace priority. As the global community continues to grapple with COVID-19 (coronavirus) and its far-reaching implications, we must not, however, forget to pray for our brothers and sisters in Nigeria and around the world who are with us and are infected; and those who are not here today because they have gone the way of all flesh due to the outbreak of this growing global emergency

In these extremely challenging times and in the face of the continuous and unabated spread of coronavirus disease (COVID-19); we at Guinea Insurance PLC have put in place strict control and precautionary measures to protect our employees, business partners, tenants, visitors and families.

Our Crisis Response Unit has taken active steps to activate some pertinent control measures which include: promoting good personal and environmental hygiene, performing routine cleaning sprays and wipes to disinfect frequently touched objects and surfaces, adjusting our policies to reduce social contact by promoting social distancing, providing alcohol-based hand sanitizers throughout our workplace and in common areas and trying as much as possible to reduce face-to-face meetings and implementing flexible working arrangement plans

As a responsible corporate citizen of Nigeria, the health and wellbeing of all stakeholders remain the core of our very existence. Our approach to this global tragedy is to stay informed, keep calm, communicate with all stakeholders and create contingency plans while also, focusing on providing first-rate service to our numerous customers far and wide through our digital channels.

Photo: Burial Rite of Chief Dr Garrick Aghahowa, Father of Mr Peter Aghahowa of PenCom in Benin City, Edo State.

L-R: AGM, National Databank Management Dept of PenCom, Mrs. Chiadi Nnoka, Head, ICT Department, PENCOM, Mr. Polycarp Anyanwu, Mr. Peter Aghahowa and wife, Bunmi Aghahowa, CEO, High Street Consulting Ltd, Mr. Wilson Ideva, AGM Corporate Communications Dept, PENCOM, Mrs. Carol Alex-Uzoma, Head, Surveillance Dept of PENCOM, Mr. Ehimeme Ohioma at the ongoing burial rite of Chief Dr Garrick Aghahowa, father of Mr Peter Aghahowa of PenCom in Benin City, Edo State.
L-R: AGM, National Databank Management Dept of PenCom, Mrs. Chiadi Nnoka, Head, ICT Department, PENCOM, Mr. Polycarp Anyanwu, Mr. Peter Aghahowa and wife, Bunmi Aghahowa, CEO, High Street Consulting Ltd, Mr. Wilson Ideva, AGM Corporate Communications Dept, PENCOM, Mrs. Carol Alex-Uzoma, Head, Surveillance Dept of PENCOM, Mr. Ehimeme Ohioma at the ongoing burial rite of Chief Dr Garrick Aghahowa, father of Mr Peter Aghahowa of PenCom in Benin City, Edo State.