Nigeria Targets Stronger Domestic Funding to Achieve Universal Health Coverage

The Nigerian government has announced plans to bolster domestic resource mobilization for healthcare as international grants and donor aid continue to decline, emphasizing the need for greater local ownership to attain Universal Health Coverage (UHC).

Speaking at the 9th Annual Health Conference of the Association of Nigerian Health Journalists (ANHeJ), Dr. Salma Ibrahim Anas, Special Adviser to the President on Health, said sustainable financing must come primarily from within the country to ensure accountability and long-term progress.
Key measures highlighted include:

Strengthening the Basic Health Care Provision Fund (BHCPF);

Expanding financial protection mechanisms under the National Health Insurance Authority (NHIA) Act;

Introducing innovative revenue streams, such as the Sugar-Sweetened Beverages (SSB) Tax.

Stakeholders at the conference stressed that state governments must take greater responsibility for health financing.

They renewed calls for states to meet the Abuja Declaration commitment of allocating at least 15% of their annual budgets to the health sector.
With external funding becoming increasingly unpredictable, experts warn that without urgent and substantial increases in domestic investment, Nigeria risks falling further behind on its UHC goals.

"Over 70% of Patients Are Satisfied With Nigerian Healthcare" — Health Minister, Muhammad Pate.

The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, says patient satisfaction with Nigerian healthcare services currently stands at 74%. 

Speaking at the 2025 Joint Annual Review themed “All hands, one mission: Bringing the Nigerian health sector to light,” he added that confidence in the direction of the health system has risen to 55%.

He said citizen perception surveys conducted in 2023, 2024, and 2025 show improvements. “Thousands of Nigerians shared their experiences. Nearly half now believe the government considers their views in decision-making. Confidence in the government’s capacity to manage health emergencies is now at 67%,” he said.

Pate noted that affordability remains a major challenge. “Access to services is improving, but affordability must improve further. Plans such as the Medical Relief Programme and expanded social health protection are underway.” 
[11He added that health insurance coverage has grown from 6–7% to 12%, driven by mandatory insurance and the Vulnerable Groups Fund.

He said the ministry will consolidate gains, strengthen primary healthcare, sustain financing, and expand insurance for the poor and vulnerable. More than 20,000 frontline health workers have been recruited into federal tertiary hospitals within the last year, and over ₦50bn has been approved to address arrears and allowances.

Minister of State for Health, Dr. Iziaq Salako, said the ministry is implementing reforms to tackle workforce shortages, infrastructure gaps, financing challenges, and declining public confidence. 

He stated that the National Health System Reform and Investment Initiative has the potential to save ₦4.8tn annually from preventable diseases and retain about ₦850bn spent yearly on medical tourism.

Salako noted that over 500 high-impact projects, 13 federal tertiary institutions, and six cancer centres are underway, alongside efforts to expand insurance coverage and improve health financing mechanisms.

Lagos govt enforces mandatory insurance for multi-storey commercial buildings.

The Lagos State Government has announced that all commercial buildings exceeding two floors will now be required to carry compulsory insurance coverage as part of ongoing efforts to enhance urban safety, planning compliance, and risk management across the state.

The policy was revealed at the 2025 Real Estate Discussions and Awards held in Lagos, an event organised by Thinkmint Nigeria, where stakeholders in housing, land administration, and urban planning gathered to discuss emerging trends in the real estate sector.

Delivering one of the keynote presentations, the Special Adviser to the Governor on Enterprise Geographic Information System, E-GIS, and Urban Development, Dr Olajide Babatunde, reaffirmed the government’s commitment to transforming land administration and physical development through technology, transparency, and sustainable practices.

According to him, the state, working with international development partners, has completed a comprehensive digital mapping of Lagos to support the full rollout of the E-GIS.

The new platform, he said, will enable instant land searches, digital certification, online applications, and real-time verification of property ownership and planning approvals.

“Lagos will soon commence compulsory insurance for all multi-storey commercial buildings above two floors. The state will also begin land and building regularisation through a 300-property pilot scheme in Epe,” Babatunde said.

He added that a new electronic planning permit system will allow compliant developers to obtain building approvals in as little as 10 minutes, a move aimed at drastically reducing bureaucratic bottlenecks and curbing corruption in the approval process.

Babatunde, however, warned against double allocations, forged survey documents, and unapproved constructions, revealing that the government has begun a statewide physical planning audit. Non-compliant developers, he stressed, would face strict penalties.

Fuel price increase looms as tinubu approves 15% import tariff on petrol,diesel.

Fuel prices in Nigeria are expected to increase as President Bola Tinubu has approved a 15% import tariff on petrol and diesel, to take effect immediately.

According to a government document obtained by THISDAY, the decision aims to protect local refineries, stabilise prices, and strengthen energy security under the administration’s Renewed Hope Agenda. While the tariff could push pump prices up by about ₦150 per litre, the report stated that the real impact may not exceed ₦100 per litre.

The directive, copied to the Attorney General, FIRS Chairman, and NMDPRA Chief Executive, introduces a 15% ad-valorem duty on the Cost, Insurance, and Freight (CIF) value of imported fuels. Payments will be made into a designated federal government account, verified by the NMDPRA before any fuel is discharged.

The policy is intended to prevent cheap imports from undercutting local refiners like the Dangote Refinery, and to ensure fair competition in the downstream market. Though the proposal suggested a 30-day transition period, the President reportedly ordered immediate implementation.

Officials insist the move is not revenue-driven, but designed to align import costs with domestic realities while keeping prices lower than those in neighbouring countries.

However, industry stakeholders have raised concerns, warning that the tariff could further strain consumers, as Nigeria still imports over 60% of its refined petroleum products.

EFCC Chairman Finally Opens Up on How the ₦566bn, $411m Recovered Loot Are Used.

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has finally revealed how the massive sums of money recovered by the anti-graft agency are being utilised.

According to him, the recovered funds totalling ₦566.3 billion and $411.6 million are being channeled into key social investment programmes across the country.

He made this known during a media briefing in Abuja to mark his second anniversary in office.

Mr. Olukoyede explained that part of the recovered money has been used to support national initiatives such as the Students Loan Scheme and the Consumer Credit Scheme, which are both aimed at improving access to education and financial stability for Nigerians.

“Part of the funds recovered by the commission in the last two years was invested in critical social investment programmes: the Students Loan Scheme and the Consumer Credit Scheme,” he said.

He also disclosed that several government agencies have benefited directly from recovered assets and funds. These include the Niger Delta Development Commission (NDDC), Asset Management Corporation of Nigeria (AMCON), Federal Inland Revenue Service (FIRS), and the National Health Insurance Authority (NHIA).

According to him, a number of properties seized from corrupt individuals have been handed over to government institutions for use as offices and public service facilities.

Speaking further, the EFCC boss noted that in the last two years, the commission recorded significant recoveries, not just in cash but also in assets. He listed the recovered items to include 1,502 properties, comprising 402 in 2023, 975 in 2024, and 125 in 2025.

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EFCC arraigns former NSITF chair, Ngozi Olejeme, over alleged ₦1bn fraud.

The Economic and Financial Crimes Commission (EFCC) on Wednesday, October 8, 2025, arraigned Ngozi Olejeme, a former board chairman of the Nigeria Social Insurance Trust Fund (NSITF), before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja.

Olejeme was docked on eight counts bordering on money laundering, conversion, transfer, and possession of proceeds of unlawful activities totaling ₦1 billion.

One of the charges alleges that, while serving as NSITF board chairman in February 2012, she indirectly converted ₦321.6 million paid into the account of Adin Miles International Ltd, knowing it was part of proceeds from unlawful activity—an offence contrary to Section 15(2)(b) of the Money Laundering (Prohibition) Act, 2011 (as amended).

Another count accuses her of procuring one Chuka C. Eze to convert $2 million into naira for payment to the same company, also alleged to be proceeds of crime.

Olejeme pleaded not guilty to all the charges.

Following her plea, prosecution counsel Emenike Mgbemele requested a trial date to enable the EFCC call its 14 witnesses.

Her counsel, Emeka Ogboguo (SAN), urged the court to grant her bail pending trial.

Justice Nwite released the defendant to her counsel and adjourned the case to November 17, 2025, for hearing on the bail application.

This Is Not Labour Office’ – Oshiomhole Speaks On Senate Warning Over ‘Khaki’ Outfit.

Senator representing Edo North, Adams Oshiomhole, has clarified why he stopped wearing khaki to the Senate chamber.
[BREAKING] VIDEO: Drama As Oshiomhole Shuts Down Lagos Airport Terminal After Missing His Flight Oshiomhole, speaking on Arise Television’s Morning Show on Friday, said that some commentators had suggested his change of dressing was due to the influence of political office.

However, the former Nigeria Labour Congress (NLC) president said he had been cautioned several times against wearing his trademark khaki attire to plenary.

According to the Senator, his decision to stop wearing ‘Khaki’ was a matter of compliance with Senate rules because there is a dress code.

He said, “The ‘senator’ (wear) thing I need to clear it. I watched one analysis, where it was said that ”even Oshiomhole, power changes people. He no longer wears ‘khaki’.

“Do you know that I am not allowed with all my human right? I’m not allowed, I don’t have the right to wear those khaki to the Senate Because they have a dress code.

“And I have seen, I was there for a couple of times, they warned me, “please, this is not labour office.”

Meanwhile, former Executive Secretary of the National Health Insurance Scheme, Usman Yusuf, has slammed Oshiomhole over his comment on the insecurity in the North.

Oshiomhole had recently stated that the insecurity in the North was tied to the activities of illegal mining in the region, stressing that top personnel were using choppers to carry out gold from the area.

Oshiomhole Is Part Of The Problem In Nigeria’ Yusuf Blasts NASS Over Failure To Checkmate Tinubu.

Former Executive Secretary of the National Health Insurance Scheme, Usman Yusuf, has slammed the senator representing Edo North, Adams Oshiomhole, over his comment on the insecurity in the North.
[BREAKING] VIDEO: Drama As Oshiomhole Shuts Down Lagos Airport Terminal After Missing His Flight.

Oshiomhole had recently stated that the insecurity in the North was tied to the activities of illegal mining in the region, stressing that top personnel were using choppers to carry out gold from the area.

Reacting to the remark, Yusuf, in an interview with Punch, opined that the former Governor of Edo State was part of the problem in Nigeria.

Taking a swipe at the 10th National Assembly, Yusuf said the lawmakers have failed to checkmate President Bola Tinubu, despite the violation of the constitution.

According to Yusuf, the 10th National Assembly is the most docile National Assembly since the beginning of democratic rule, adding that they never stopped anything, but were only interested in earning salaries without doing anything.

He said, “Adams Oshiomhole doesn’t know anything about the level of insecurity in the North, and he is part of the problem in Nigeria. The 10th National Assembly is a do-nothing National Assembly. They have allowed the President free rein without checking him.

“He gets loans from all over the place, and this is going to cripple the lives of our grandchildren. They never checkmated him. If Senator Adams Oshiomhole wants to grandstand and be in the newspapers, he is welcome. But he is as much a problem for this country as the President is.

“The 10th National Assembly is the most docile National Assembly we’ve had since the beginning of democratic rule. They never stopped anything, and all they are interested in is seeing an alert and doing nothing. They don’t ask the questions on behalf of the constituents who elected them. The whole 10th National Assembly is a failure.

“They have failed Nigerians because they are not checkmating this President. He is doing whatever he likes, violating the constitution in his appointments. Section 14(3) and 14(4) of the Constitution call for the President to ensure that whatever he does reflects the federal character. This is not what the President is doing, and nobody is asking him.

“He is getting loans all over the world, approved by them (the National Assembly), with nothing to show for it. People are suffering every day; people are hungry all across the land. You don’t hear any senator, including Senator Adams, telling the President that his government is cruel. He is not running this nation with the milk of human kindness.”

How Enugu ponzi scheme operator diverted N91.5m through fake microfinance bank Witness.

A prosecution witness on Friday revealed before the Federal High Court in Enugu how Chinedu Okoronkwo, alleged Ponzi scheme operator, diverted more than N91.5 million from unsuspecting investors through a purported microfinance bank that was neither licensed by the Central Bank of Nigeria (CBN) nor insured by the Nigeria Deposit Insurance Corporation (NDIC).

Okoronkwo, alongside his company, Reliance Microfinance Cooperative Society Limited, is standing trial before Justice F. O. Giwa-Ogunbanjo on a 36-count charge bordering on forgery, obtaining money by false pretence, and operating banking activities without a valid licence.

The case is being prosecuted by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).

According to a statement by Dele Oyewale, EFCC Spokesman, at Friday’s proceedings, the prosecution presented its ninth witness, Abubakar Abubakar, an operative of the EFCC, who detailed how the defendant used falsified credentials and church connections to lure victims.

According to Abubakar, a letter of enquiry sent to the Central Bank of Nigeria (CBN) revealed that Reliance Microfinance Cooperative Society Limited was not licensed to operate as a microfinance bank.

He further confirmed that the firm was also not insured by the Nigeria Deposit Insurance Corporation (NDIC), as shown in a letter dated October 25, 2024, admitted in evidence as Exhibit 44.

The EFCC witness explained that Okoronkwo began scouting for investors within his church community, convincing worshippers to put money into what later turned out to be a Ponzi scheme.

“An analysis of the company’s bank statements tendered as exhibits revealed that the firm received N69.85 million through its Guaranty Trust Bank account (No. 0209253844) and an additional N21.7 million through its United Bank for Africa account, all from unsuspecting victims”, the Commission said.

Over 650 Kidneys Worth $41bn Are Trafficked In Nigeria Medical Expert Reveals.

He said the development forms part of a global black market in which 10,000 kidneys are sold every year.

Kidney Trafficking
A professor of medicine at the Bayero University, Kano (BUK) and consultant nephrologist at Aminu Kano Teaching Hospital (AKTH), Professor Aliyu Abdu has revealed that at least 651 kidneys valued at more than $41 billion were trafficked and transplanted illegally in Nigeria between 2015 and 2020.

He said the development forms part of a global black market in which 10,000 kidneys are sold every year.

Speaking at a seminar on National Organ and Tissue Transplantation Standards in Abuja, Prof. Abdu warned that organ trafficking is thriving in Nigeria due to weak regulation.

Although the National Health Act of 2014 prohibits the sale of human organs and requires donor consent, he said enforcement remains weak, leaving poor citizens vulnerable to exploitation.

“Victims are mostly impoverished people who are easily influenced by financial incentives and ignorant of the possible risks involved,” he explained, lamenting that many donors are abandoned without proper care after surgery, often left battling depression and disease.

He said the trade is run by an organised criminal network comprising illegal brokers and ‘organ hunters’ to physicians, nurses, ambulance drivers, and even travel and insurance agents.

Prof. Abdu noted that the absence of cadaveric donations and functional organ banks also fuels the black market.

Tax ID Not Compulsory For Bank Accounts Yet JTB Clears Nigerians.

The Joint Tax Board (JTB) has assured Nigerians that they will not be denied access to their bank accounts or financial services from January 1, 2026, for lack of a Tax Identification Number (Tax ID).

Tax ID Not Compulsory For Bank Accounts Yet - JTB Clears clarification comes amid concerns following the signing of four new Tax Acts by President Bola Ahmed Tinubu, which take effect from January 1, 2026.

Reports had suggested that Section 8(2) of the new Tax Administration Act makes Tax ID mandatory for operating bank accounts or engaging in insurance, stocks, and other financial services once the law is implemented.

But in a statement issued in Abuja on Monday by its Head of Corporate Communications, Akpe Adoh, the JTB said such interpretations were misleading.

“Nigerians are hereby assured that they will continue to have access to their bank account and also continue to carry out financial transactions even beyond January 1, 2026,” the board stated.

According to the JTB, the new tax reforms are designed to simplify compliance, reduce multiple taxation, and exempt vulnerable individuals and small businesses from certain tax obligations.

“These reforms include eliminating multiple taxation, granting tax exemptions to vulnerable individuals and small businesses, and ensuring that the majority of Nigerians will pay lower taxes under the new tax regime,” the statement read.

The JTB disclosed that it is working with the Federal Inland Revenue Service (FIRS) and state revenue agencies to create a harmonised national tax identification system.

The new system, it said, would automatically generate Tax IDs for individuals using their National Identification Number (NIN) and for businesses using their Corporate Affairs Commission (CAC) registration numbers.

Future Outlook: Predictions for the Mobile Handset Protection Market Through 2034

The modern Mobile Handset Protection industry operates as a sophisticated, multi-layered ecosystem involving a wide array of specialized partners collaborating to deliver a seamless customer experience. At the top of the value chain are the insurance underwriters, the financial institutions that assume the ultimate risk and provide the capital to cover the cost of claims. These companies are the silent backbone of the industry, enabling carriers, retailers, and OEMs to offer protection plans without having to bear the full financial liability themselves. Their expertise in risk assessment, pricing, and regulatory compliance is fundamental to the stability and profitability of the entire market.

The next critical layer consists of the program administrators and technology platforms. These entities are the operational heart of the industry, managing everything from customer enrollment and premium collection to claims processing and fulfillment logistics. They develop the customer-facing portals and mobile apps used to file claims, and they run the complex backend systems that verify eligibility, diagnose issues, and dispatch repair technicians or replacement devices. They also manage the vast and crucial network of certified repair centers and oversee the reverse logistics supply chain for damaged devices. The efficiency and technological sophistication of these administrators are key differentiators in the competitive landscape.

Finally, the consumer-facing channels—mobile carriers, device manufacturers (OEMs), and big-box retailers—are the primary sales and distribution arms of the industry. They leverage their trusted brand names and extensive customer relationships to market and sell protection plans at the most critical moment: when a consumer is purchasing a new device. These companies are responsible for training their sales staff, integrating the protection offering into their sales process, and providing front-line customer support. The symbiotic relationship between these three layers—underwriters, administrators, and sales channels—creates a robust and resilient ecosystem capable of protecting millions of devices globally.

source; https://www.marketresearchfuture.com/reports/mobile-handset-protection-market-33507

FG announces new requirement for opening bank account.

The Federal Government has announced that Tax Identification (Tax ID) will become compulsory for all Nigerians involved in banking and allied services from January 1, 2026.

The new directive is part of the Nigeria Tax Administration Act, 2025, recently signed into law by President Bola Tinubu. Under Part II Section 4 of the Act, all taxable individuals and organizations must register with the relevant tax authority and obtain a Taxpayer Identification Card.

The Act further stipulates that every ministry, department, and agency at federal, state, or local levels must also secure a Tax ID. Non-resident individuals or entities supplying taxable goods or services in Nigeria are equally mandated to obtain one.

The law empowers tax authorities to issue a Tax ID on behalf of those who fail to apply, or to reject applications if available information warrants such action. Applicants must be notified of any refusal within five working days.

In addition, Section 8 of the Act makes possession of a Tax ID a prerequisite for government contracts, banking transactions, insurance, stock market participation, and other financial services.

The legislation allows for temporary suspension or permanent deregistration of Tax IDs if holders cease business operations.

Meanwhile, the Nigeria Revenue Service Establishment Act, 2025, vests enormous powers in the Service’s Executive Chairman, who will also chair its Governing Board. The board will include representatives from the Ministries of Finance, National Planning, Justice, Petroleum, the Central Bank, Customs, the Corporate Affairs Commission, and other key institutions.

The chairman will serve a four-year renewable term, while the Service will be funded through a 4 percent deduction from collected revenues, excluding petroleum royalties.

Founder of Vivian Fowler Memorial College, Leila Fowler, Passes On at 92

Chief (Mrs.) Leila Fowler, the Yeye Mofin of Lagos and founder of the prestigious Vivian Fowler Memorial College for Girls, has passed away at the age of 92.

Her death was confirmed in a statement issued by the school on Sunday. “It’s with a heavy heart that we announce the passing of our beloved founder, Chief (Mrs.) Leila Fowler, on Saturday, September 6, 2025. Chief (Mrs.) Fowler was a true pioneer, an erudite lawyer, and a visionary educationalist who founded Vivian Fowler Memorial College for Girls in 1991. Her life was a testament to the power of empowering young women through education.

Her guidance and motherly warmth built not just a school, but a community dedicated to excellence,” the statement read. Born on March 23, 1933, in Lagos, Fowler (née Moore) attended CMS Girls’ School and Queen of the Rosary College, Onitsha.

She began her career in teaching before training as a nurse at St Thomas’ Hospital in London. She later studied law at Middle Temple and was called to the Bar in 1962, and to the Nigerian Bar in 1963.

Fowler specialised in insurance law and consultancy and also served in public life, including as a councillor in the Lagos City Council between 1978 and 1980. She was actively involved with the Nigerian Bar Association, the Nigerian Red Cross, and the Corona Schools Trust Council.

Her passion for education led to the founding of Vivian Fowler Memorial College for Girls in 1991, in honour of her late daughter. The school has since grown into one of Nigeria’s foremost all-girls institutions, known for academic excellence and leadership development.

Fowler was widowed in 2015 following the death of her husband, Professor Vidal Fowler. She was later honoured with the chieftaincy title of Yeye Mofin of Lagos by Oba Adeyinka Oyekan II.

Described by the school as a devout Christian, philanthropist and mentor, Fowler “will be deeply missed… Her legacy of service, faith, and dedication will continue to inspire us all.”

Businessman in tears as thieves cart away goods worth N500m in Lagos.

A Nigerian jeweller, Clinton K, has been left devastated after thieves carted away jewellery worth over ₦500 million from his store in Lagos.

In a video shared via his X account, @SAGE___XO, Clinton broke down in tears as he narrated how his outlet, Queen Gold Lagos, located at Atlantic Centre, Chevron, was broken into.

According to him, the thieves gained access through a hidden glass window he was unaware of, bypassing the roller shutter he had installed at the front door.

“My shop Queen Gold Lagos located at @ATLANTICCENTRE1 Chevron was broken into and jewelries worth over 500 million naira was stolen. Everything I have ever worked for stolen. Help me,” he captioned the video.

The heartbreaking clip has since sparked mixed reactions online. While some sympathised with his plight, others criticised him for failing to take adequate security measures despite the scale of his business.

One user, @Ifeymidayo, wrote: “Once your business gets to this level, abeg, get insurance for God’s sake! We’re always hearing stories of people not employing or seeking expert opinion. How do you own a shop with 500 million naira worth of jewelry and no insurance? Fire, theft, or even flooding can wipe you out in one day. In Nigeria, where anything can happen, you can’t afford to play with your investment.”

Married man sentenced to prison for faking his death before fleeing US to live with mistress he met online.

A Wisconsin, USA man who staged his own kayaking drowning to abandon his wife and three children for a woman he met online has been sentenced to three months in jail.

Ryan Borgwardt, 45, of Watertown, appeared in court on Tuesday and was convicted of obstructing an officer. He received an 89-day jail sentence – matching the number of days he successfully misled law enforcement about his whereabouts.

The sentence was nearly double what prosecutors had recommended in a plea deal, according to FOX6News. “I deeply regret the actions I did that night and all the pain I caused my family and friends,” Borgwardt told the court before sentencing.

Judge Mark Slate, who presided over the case, said: “He obstructed law enforcement for a total of 89 days.” He added that the longer sentence serves as a warning to anyone considering faking their death to escape responsibilities.

Borgwardt was reported missing on August 12, 2024, after telling his wife the previous night he would be kayaking on Green Lake, about 100 miles northwest of Milwaukee. Investigators initially treated the case as a potential drowning. After 58 days of unsuccessful searches, suspicions grew that Borgwardt had staged his death.

Evidence revealed he had obtained a new passport three months earlier, applied for a $375,000 life insurance policy, reversed his vasectomy, and moved funds to a foreign account. Investigators later discovered he had been communicating with a woman from Uzbekistan and planned to meet her abroad

Trump Hails ‘Total Victory’ As US Court Quashes $464m Penalty

A New York appellate court on Thursday overturned the $464 million civil penalty imposed on US President Donald Trump in a fraud case, ruling the fine “excessive” and in violation of the Eighth Amendment.

While upholding the verdict that Trump inflated his wealth to secure favorable loans and insurance terms, the five-judge panel struck down the penalty originally imposed by Judge Arthur Engoron in February 2024.

Trump celebrated the ruling on Truth Social as a “total victory” and “witch hunt” defeat, while his son Don Jr. called it a “massive win.”

New York Attorney General Letitia James, who filed the case, could appeal to the state’s highest court.

#Trump #USPolitics #CourtRuling

Court Stops Reps From Summoning 17 Insurance CEOs Over Alleged Debt

The Federal High Court in Abuja has barred the House of Representatives from compelling 17 insurance company CEOs to appear before its Committee on Capital Market and Institutions over alleged debt.

Justice Emeka Nwite granted the order following a suit filed by the insurers under the Nigerian Insurers Association (NIA). The firms argued that they are already regulated by statutory agencies such as NAICOM, CAC, and FIRS, insisting the National Assembly lacks constitutional powers to demand operational records or probe alleged indebtedness.

The dispute stems from a House investigation into 25 insurers accused of failing to remit ₦98.4 billion to the Federal Government.

The plaintiffs include AXA Mansard, NEM Insurance, Cornerstone Insurance, LASACO, Mutual Benefits, and others. The defendants are the Speaker of the House, the Committee on Capital Market and Institutions, and its leaders.

The substantive case has been adjourned to September 9, 2025.

#NigeriaCourt #Insurance #HouseOfReps #DebtProbe