August 3, 2025
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NIA

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Court Declines NIA’s Bid to Halt House of Reps’ N98 Billion Insurance Sector Probe

July 31, 2025 | Abuja, Nigeria  A Federal High Court in Abuja has dismissed an application filed by the Nigerian Insurers Association (NIA) seeking to stop the House of Representatives Committee on Public Accounts from investigating the alleged mismanagement of over N98 billion in the nation’s insurance sector. The NIA, a leading umbrella body for

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General Insurance

NIA Rejects Reps Committee’s Claim of Multi‑Billion‑Naira Insurance Fraud

In a strongly worded press conference in Lagos, the Nigerian Insurers Association (NIA) has dismissed allegations by the House of Representatives’ Ad-hoc Committee that insurance firms defrauded the federal government of N200 billion. According to NIA Chairman Eddie Efekoha, there is “no N200 billion fraud anywhere,” cautioning that the committee has not been fully briefed on how insurance

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