www.peoplesdaily-online.com
Vol. 8 No. 97
Tuesday, August 7, 2012
. . . putting the people first
JTF alerts Maiduguri Gunmen kill 16 residents of car church worshippers snatchings in Okene >> PAGE 2
>> PAGE 3
Ramadan 19, 1433 AH
N150
Nzeribe challenges Clark on Boko Haram
Ramadan Timing for Abuja
>> PAGE 5
See other towns on Page 3
Magrib 6.51
Alfijr 5.09
Tension in Jos as STF demolishes market From Nankpah Bwakan, Jos
T
he atmosphere in Jos, the Plateau state capital, was tense yesterday as the Task Force on Jos City Renewal embarked on the demolition of illegal shops at the Terminus market. The taskforce headed by General Musa Gambo (rtd), aided by men of the Special Task Force and police personnel, commenced the demolition exercise at 7:30 pm on Sunday, which lasted till 5:00 am yesterday. The traders unknowingly resumed at their shops only for them to discover that their structures have been pulled down while security was tight in the market to avert any break down of law and order within the market and state in general. Our correspondent gathered that most traders lost property as a result of the exercise though a few of them who came early were able to salvage some of their goods. The Commissioner for Information, Mr. Yiljap Abraham, said the traders were given notice since last year. He added that government is working towards the implementation of the Jos Master Plan saying a lot of sensitisation was undertaken by Contd on Page 2
L-R: Secretary to Sokoto State Government, Alhaji Sahabi Isa Gada, the state Governor, Alhaji Aliyu Magatakarda Wamakko, Commissioner for Information, Malam Danladi Bako, and Permanent Secretary, Ministry for Information, Alhaji Bello kware, during the commissioning of ultra modern broadcast van by the governor yesterday at Government House, in Sokoto.
NAICOM revokes licences of 3 insurance firms By Aminu Imam and Abdulwahab Isa
T
he National Insurance Commission (NAICOM) yesterday announced the suspension of Alliance and General Insurance Company Ltd, A&G Life Assurance Plc and Fidelity Bond Insurance Brokers from transacting further insurance business for a period of six months with effect from yesterday, August 6, 2012. In a statement issued by the
Commission’s Deputy Commissioner, Technical, Ibrahim Hassan, announcing the sanction, it said the measure followed the failure of the respective companies to comply with relevant provisions of the National Insurance Commission Act 1997 and the Insurance Act 2003. Specifically, the offences of the companies include non-rendition of accounts, misrepresentation and non-disclosure of liabilities, non-remittance of premiums and
commissions and corporate governance abuses. According to the statement: "The commission, in the exercise of the powers conferred on it by the enabling laws also stated that the suspension order may further be extended at the end of six months until such a period when the Commission was satisfied that the violation of the provisions of the National Insurance Commission Act 1997 and the Insurance Act 2003 has been addressed and “the method of
transacting business is no longer hazardous to the policy holders and potential clients”. The Insurance Act 2003, stipulates that underwriting firms which failed to file financial returns and accounts before June 30 deadline, is liable to pay a fine of N5,000 per day of default. NAICOM had last month sent warning signals to operators of insurance firms that the issue of unethical practices would not be tolerated in the insurance sector. Specifically, the Commission
has vowed to wield the sledgehammer on operators (underwriting companies, insurance brokers, loss adjusters Contd on Page 2
The affected firms 1. Alliance and General Insurance Company Ltd 2. A&G Life Assurance Plc 3. Fidelity Bond Insurance Brokers