In this interview, Executive Director, General Business, Leadway Assurance, Ms. Adetola Adegbayi spoke on why importers should have insurance for their cargoes.
By Rosemary Onuoha
WHY is fake insurance still thriving in marine business?
The Nigerian Insurers Association, NIA, is working hard to come up with the marine module of the Nigeria Insurance Industry Database, NIID, so that marine insurance certificates can be verified online to get rid of fake marine insurance certificates.
However, a lot of people are not aware that cargoes coming into Nigeria must be insured locally, consequently, people bring in cargoes into Nigeria without insuring them. If you check the requirements of the customs for goods importation, insurance is one of them.
But if you don’t have insurance, what customs will do is…
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