0
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.

Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf

Why you should allow verification of your vehicle insurance certifi

Why you should allow verification of your vehicle insurance certificate

- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf

cate

- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
cyber+security


The Central Bank of Nigeria (CBN) as well as the banking industry now has legal backing that will assist in the fight against electronic fraud and related offences.

The Cyber Crime Act which was signed into law in May 2015 provides an effective, unified and comprehensive legal, regulatory and institutional framework for the prohibition, prevention, detection, prosecution and punishment of cybercrimes in Nigeria.

The first half year 2015 statistics from Nigeria Inter-Bank Settlement System
(NIBSS) revealed that 1544 fraud cases were reported with an attempted value of N1.34 billion) and actual loss value of N654.4 million. Specifically looking at electronic frauds on ATM, Ecommerce, Internet banking, Mobile, POS and Web, a total of N925.7 million was attempted.

“This cyber crime prohibition Act that was enacted and sign into law this year is actually a very strong force that will help us at the forum in combating electronic fraud in the sense that so many things that were not criminalize in the past have now become criminal offenses”, Dipo Fatokun, director, banking and payments system department, CBN, said at the Nigeria e-Fraud Forum (NeFF) meeting held in Lagos.

He said reason for the gathering is to educate stakeholders first and subsequently pass the information to the public to give warning to those who may have criminal intensions as far as electronic payment platform is concerned.

According to him, banks are collaborating to ensure electronic fraud is reduced to barest minimum. Also the consumer protection education and sensitization programmes help in advising the public on what they need to know and to avoid being victims of fraudsters.

“We have enough procedure in place, for example if anyone is dismissed from the bank because of fraud the name such person will be sent to the banking supervision department of the CBN where a data base is maintained and such a person is blacklisted by being blacklisted means such a person cannot work in the banking industry.

Speaking at the Forum, Muhammad Islam, managing director, Jaiz bank urged banks to increase collaboration with regulators, law enforcement and law making bodies with the goal of strengthening the legal framework and promote situational awareness to the general public.

“Law enforcement agencies must in turn develop increased expertise in dealing with cybercrime, including operations across national borders. In particular, the development of a ‘cyber-Interpol’ to pursue criminals across geo-political borders would contribute greatly to the fight against cybercrime”, he said.
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them. - See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them. - See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them. - See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them. - See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf
Henceforth, if you are driving within Lagos State and officials of the Ministry of Transportation or other law enforcement agents stop you to verify the authenticity and genuineness of your motor insurance certificate, please oblige them.
motor insurance
This is because the Nigeria Insurers Association, NIA, has handed over some motor insurance verification devices to officials of Lagos state government to check for genuine insurance on the platform of the Nigerian Insurance Industry Database, NIID.
According to the NIA, the move is part of efforts aimed at getting more Nigerians into the insurance net and boosting the culture of insurance among citizens of Lagos State.
As a vehicle owner, you need to cooperate with these agents because the Permanent Secretary of Lagos State Ministry of Transportation, Mr. Sewedo Oluseyi Whenu promised that officials of the state vehicle inspection services would put the devices to effective use.
NIA Chairman, Mr. Godwin Wiggle said that it is regrettable that many motorists have failed to appreciate the need to obtain genuine insurance documents from registered insurance companies and have kept the culture of patronising fake insurance documents dealers in spite of the dangers attached.
Wiggle said that the devices were configured to assist the vehicle inspection officers in the effective discharge of their duties, adding that with the right attitude, Nigerians will further appreciate the value of having genuine insurance documents instead of patronising touts.
Benefits of the NIID
The NIID will provide protection to Nigerians against the dangerous activities of insurance fraudsters, particularly the third party motor insurance certificate racketeers. The database, therefore, is one instrument that will become very handy in the control or fight towards the eradication of fake insurances in Nigeria. The database would facilitate easy collation and dissemination of statistical information relating to all classes of insurance in Nigeria and also serve as a platform for easy identification of genuine insurances by security agencies and other relevant authorities.
Experts’ opinion
The NIID, according to experts, is a good step in the right direction to guard against forgeries and frauds in the insurance industry.
Recall that the NIID project was complimentary to NAICOM’s drive to enforce all relevant laws to rid the nation of fake insurers and insurances.
Over the past four years, NAICOM had embarked on various campaigns aimed at sanitizing and eradicating fake insurances from the system through its Market Development and Restructuring Initiative (MDRI) this is because of the menace of fake insurances in the country which has over the years deprived the nation of the socio-economic benefits inherent in genuine insurance transactions. The NIID is of great benefit to all stakeholders in the insurance industry. Such stakeholders include but not limited to the various government at all levels, policyholders, shareholders of insurance firms and would-be investors.
Former President of the Nigerian Council of Registered Insurers Brokers (NCRIB), Mrs. Laide Osijo said, “NIID was borne out of the need to extend the frontiers of interaction between the insurance industry and strategic stake holders in the society.”
Managing Director of Lasaco Assurance Plc, Mr. Olusola Ladipo-Ajayi said the NIID project was an information technology-based system that would facilitate easy collation and dissemination of statistical and other information relating to insurance on one hand, and also serves as a vehicle for easy identification of genuine insurance documents by relevant authorised persons.
Some of the benefits of the NIID include monitoring and authenticating insurance transaction documents; reducing red tape and corruption by integrating with the vehicle registration system of the Federal Road Safety Corps (FRSC), police and other relevant government agencies; ensuring easy access to statistical data for effective decision making.
Right now, policy holders whose vehicle insurance details have been uploaded can check their motor insurance status via SMS and the internet.
- See more at: http://www.vanguardngr.com/2015/08/why-you-should-allow-verification-of-your-vehicle-insurance-certificate/#sthash.EMe2f1IK.dpuf

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