24th August, 2017
Chief Moses Adeyemo, the Oyo State Deputy Gov., has advised insurance firms to enlighten Nigerians on benefits of insurance policies.
He gave the advice when a delegation from NEM Insurance led by its Chairman, Dr Fidelis Ayebae, paid him a courtesy visit in Ibadan.
The delegation was in Ibadan for the company’s Annual General Meeting (AGM) scheduled to hold at Ibadan on Thursday.
Adeyemo said that insurance firms were an important sector of the economy whose significance Nigerians were yet to appreciate.
“Insurance policies are useful and accepted instruments in the developed nations. Insurance policies give succour to loss of lives and properties.
“For instance, insurance policies would have helped a lot if undertaken by residents who lost several properties and relatives in the August 2011 disaster in Oyo State,’’ he said.
Adeyemo urged insurance firms to sensitise the people on the benefits attached to their policies and operations.
Earlier, Ayebae said that the delegation was in Ibadan for the AGM of the company, adding that it was the first time the company would hold the AGM outside Lagos.
He said that Ibadan was acceptable to the company as about 3,000 of the company’s 10,000 shareholders were from Oyo State.
Mr Tope Smart, the Chief Executive of the company, advised the state government to encourage the people to take insurance policies.
According to him, insurance provides succour to the people in case of loss of properties and lives
He expressed concern that there were several vehicles on the streets today without any insurance policy.