By Henry Umoru

ABUJA—THE Federal Capital Territory Administration, FCTA, has vowed to drag Zenith General Insurance, Intercontinental Life Assurance Company, Leadway Assurance to the Economic and Financial Crimes Commission, EFCC over their failure to settle indemnity claims to affected staff involved in the administration’s Group Life Assurance Scheme.

Also to be dragged before the EFCC are Crystal Life, Capital Express, Wapic Life Assurance, Oceanic Life, Lasco, Goldlink, among others.

The insurance claims which run into several hundreds of millions of Naira have been pending since 2007, a development that has kept the next of kin of the deceased in financial and emotional jeopardy, even when the FCTA had long paid the insurance firms their deductible premiums.

According to the FCTA, some of the affected staff were now deceased, just as it gave the firms 30 days deadline to pay the deceased families or face the full wrath of the law because the era of impunity was gone forever.


Subscribe to our youtube channel


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.