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


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