The proposed seminar on the financial losses to fake insurance policies to the insurance sub sector of the nation’s economy has been shifted from the 6th to 20th of next month.
The seminar which is being put together by New Realm Communication, a front line marketing communications outfit in collaboration with Nigeria Maritime Administration and Safety Agency (NIMASA), is expected to take place in Apapa, Lagos.
Giving an insight into the rationale behind the seminar, the managing director of New Realm Communications, Mr. Goddy Ogheneajakpor told maritime reporters in Lagos that “the maritime industry is presently dominated by import and export transactions backed by fake insurance policies which have cost the nation a great deal of accruable revenue running into several billions of Naira.”
He explained that the practice is caused mostly by the desire of importers and exporters to cut corners in their bid to maximise profit, without given a thought to the effect of their action should their cargo meet with an unexpected accident at sea or in the cause of movement of their goods to the warehouse.
He observed that funds being lost annually to these fake insurance policies would have helped the financial standing of insurance companies, as well as improve the employment capacity of the sector thus reducing the army of unemployed youths in the country.
He also pointed out that while the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) have agreed to partner with New Realm, discussions are presently going on with other corporate organisation on the sponsorship of the seminar.
The New Realm Communications boss further disclosed that amongst individuals and corporate organisations that are “expected at the seminar are importers and exporters, Nigeria Customs Service (NCS), Freight Forwarders, Customs Clearing Agents, government agencies responsible for the regulation and control of both the Maritime and Insurance industries, shipowners and brokers, among others .”