As part of their obligations to policyholders, 11Nigerian underwriters have paid N1.35 billion to operators in the oil and gas sector including the Nigerian National Petroleum Corporation (NNPC). The oil companies that benefitted from the payment are those whose claims request were verified after suffering losses.
Details of the payment contained in a document, which was obtained by New Telegraph, revealed that the underwriters paid between N3.6 million and N200 million to the policyholders depending on the nature of policy and the degree of damage or loss.
Read more @ New Telegraph
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