Lagos State Safety Commission today March 21st 2022, says its set to implement owner-occupier insurance liability for all public buildings, setting the stage for insurance to be the risk carrier in the event of risk to third party risk.

Director-General of the state safety commission, Lanre Omojola, who was joined in the briefing to herald the position of Lagos by the insurance industry armada – Nigerian Insurers Association and Nigerian Council of Registered Insurance Brokers and the Chartered Insurance Institute of Nigeria, said the risk can longer remain with the state government that has acted severally as the final line of compensation to victims. Omojola said in the last 44 years, the state has witnessed over 480 incidents of collapsed buildings both under construction and residential buildings. The state Safety chieftain said the government would rather focus on its responsibility to protect life’s and property and transfer the risk of public buildings and buildings under construction to insurers. Read More