As various groups indicate plans to stage memorial protests in various part of Nigeria to mark the 1st year anniversary of the October 2020 #EndSARS protest, insurance companies under the aegis of the Nigerian Insurers Association have released a report which revealed that claims worth ₦9billion have been paid in the past one year to victims of the lootings, killings and general mayhem unleashed on people and businesses during the protest.
According to the report, the insurance companies settled claims on 718 cases of vandalisation; 93 cases of looting; 113 cases of theft; 136 cases of loss of cash; 99 cases of malicious damage; 8 cases of business interruptions; 455 cases of burglary attacks; and 912 cases on fire and burnt sites. The report revealed further that claims were also paid on three dead persons.
The Nigerian nation had experienced widespread protest against police brutality in many parts of the country in October, 2020. An incident that was later hijacked by hoodlums who unleashed destructions, lootings and mayhem on individuals, communities and businesses leading to the huge loss of lives and property.
Many commentators, at the time, expressed doubts that the nation’s insurance companies have the capacity to offset claims that would arise from the losses incurred during the protest. It seems Nigeria’s insurance companies are “speaking” loudly to silence naysayers and doubting Thomases who may harbor this type of sentiment.