Law Firms Threatens To Sue Nigerian Government Agency Over 200% Increase In Vehicle Insurance Rates | Sahara Reporters

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A law firm, the Chambers of Evans Ufeli has kicked against the new increment of N10, 000 for third-party vehicle insurance. The cost of third-party motor insurance was recently increased from N5,000 to N15,000. The National Insurance Commission had raised the claims and cost of insurance on all classes of motor insurance, including motorcycles. According to NAICOM, third party premium insurance rate for motorists will now go for N15, 000 from N5,000.

January 1, 2023

The National Insurance Commission had raised the claims and cost of insurance on all classes of motor insurance, including motorcycles.A law firm, the Chambers of Evans Ufeli has kicked against the new increment of N10, 000 for third-party vehicle insurance. The National Insurance Commission had raised the claims and cost of insurance on all classes of motor insurance, including motorcycles.

The statement read, “We are Public Interest Solicitors and advocates for good governance. We stumbled on a circular from your commission dated the 22nd day of December 2022 and signed by the Director, Policy & Regulation, Mr. Leonard Akah with reference number NAICOM/DPR/CIR/46/2022, released to the public by your office, wherein the commission stated that the cost of insurance on all classes of motor insurance, including motorcycles, have been reviewed upwards.

 

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Insurance that covers nothing but to Extort money from citizens under hardship. What is wrong with this nation?

Please sue these criminals that think they can impose their criminality on Nigerians

0nnp

Do not make a threat just go ahead with your suit please.

Only God knows that that 3rd party insurance on vehicle is pure scam, how many persons go for claims when keke hit them. Only God knows i wont pay 15k for it i shall know how to find my way around that rubbish.

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