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Insurers demand N2bn unpaid premium from FG

By Emma Ujah  & Oscarline Onwuemenyi
The controversy on the group life assurance for civil servants that started in 2008 has taken a new twist as insurers on the scheme have protested that some were made to swear to secrecy oath before being listed on the business for the current 2010 year.

The insurers comprising 26 underwriters and 109 brokers who are now asking government to pay up the outstanding N2 billion premium on the 2009 business which the Head of Service Steve Oronsaye had used to pay for the current 2010 year, said they were repressed because of the oath they were forced to take.

In a protest letter signed by John Fidelis and Mike Olumoran to Acting President Goodluck Jonathan and Senate President, David Mark, the insurers under the aegis of 2008/2009 Head of Service Group Life Assurance Consortium also alleged that Oronsaye, who claimed that the government was misled on the 2008/2009 business by the lead broker, Leverage Insurance broker, again appointed the same broker as part of the advisors on the current 2010 scheme.


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