Reps Investigate NigComSat’s N180.9m Satellite Insurance Premium

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The House of Representatives Committee on Insurance and Actuarial, yesterday commenced an investigation into the N180.9 million insurance premium allegedly paid for the failed Satellite 1 project which was launched in 2011 as well as Satellite 1-R for which Nigeria obtained $500 million Chinese loan. To this end, the Committee issued a 7-days ultimatum to […]



Source: Leadership Newspaper