Insurance companies have paid N11 billion claims on losses suffered during the 2020 #EndSARS protest.
The Chairman of Nigerian Insurers Association (NIA), Mr Ganiyu Musa, disclosed this at a press briefing in Lagos.
He said, “As of January, insurers have paid over N11bn as claims that arose from the #EndSARS protest of 2020,” Musa said.
The protests, originally meant to protest police brutality, snowballed into lootings, destructions and deaths.
The NIA had earlier released a report that the claims were paid on vandalisation, lootings, theft; deaths and cases of loss of cash.
It said claims were settled on malicious damage; business interruptions; burglary attacks; and on fire and burnt sites.
In October 2020, some youths had begun peaceful protests tagged #EndSARS to demand the disbandment of the Police Special Anti-Robbery Squad and other reforms in the Nigerian Police Force.
