Insurance companies in Nigeria have paid claims totalling NGN4bn ($10m) to date related to losses arising from the violence that erupted during #EndSARS protests last October.
The chairman of the Nigerian Insurers Association (NIA), Mr Ganiyu Musa, said about 2,000 insured businesses were affected by the violence, according to a report in Premium Times.
The #EndSars social movement started off with campaigners mobilising against the country’s Special Anti Robbery Squad (SARS) for abuse of power. The protests were later hijacked by hoodlums who looted.
Mr Musa said insurers were still collating claims stressing that every genuine claim would be settled. He said, “The number of insured businesses that were affected at the last count was about 2,000 and the industry has settled NGN4bn claims out of NGN4.5bn in respect of the #EndSARS protests.