Insurance didn’t cover Lagos buses burnt during #EndSARS – Sanwo-Olu

The Governor of Lagos State, Babajide Sanwo-Olu, says state government cannot file for insurance claims on the mass transit buses burnt during the #EndSARS protests in 2020.

He, however, said the government would replace the vehicles.

According to him, the premium paid on the vehicles did not cover what eventually happened to them.

Several government properties especially buses were burnt during the protests.

Sanwo-Olu stated these in an interview on Channels Television which was aired on Sunday and monitored by our correspondent.

The governor said, “In fact, we have started the conversation. The interesting thing is that we are working with a local bus manufacturing company and it is going to come with almost the same specification as the ones that were unfortunately destroyed.

“They were insured but insurance will never cover you 100 per cent. These are beyond insurance; they are like natural disaster or events like arson or riots, which are not covered. These are like unforeseen, unexpected incidents.”

The governor noted that the inter-city rail network being constructed by the Federal Government inspired the intra-city project in Lagos.

He said, “For us, it is to seize the opportunity, build the rail infrastructure, go line-in-line with the NRC in some places; we need to build our terminals and sidelines; we need to have a joint communication strategy with them and we need to build overpasses such that we can have intra-city network from Oyingbo to Ebute Meta to Yaba to Jibowu to Mushin to Ikeja to Agege to Ijaiye and finally to Agbado.

“So, while the Federal Government is taking people out of Lagos to other parts of the country, we are keeping our own traffic that is internal to Lagos.”

Sanwo-Olu said the government had also acquired 20 boats with 50-passenger, 40-passenger and 30-passenger capacities.

“We are connecting the entire Lagos also with waterways,” he stated.

The governor also explained that the government did not intended to render operators of the Yellow Buses, popularly referred to as ‘Molue’ and ‘Danfo’, noting that they would partner the government in running the new metro projects.

“We need to collaborate; we need to engage. These are important stakeholders. They have served our citizens; they have served Lagosians for so long in time. They yellow buses have become the paint of Lagos. Let us see how we can remodel them.”

https://punchng.com/insurance-didnt-cover-lagos-buses-burnt-during-endsars-sanwo-olu/

“They were insured but insurance will never cover you 100 per cent. These are beyond insurance; they are like natural disaster or events like arson or riots, which are not covered. These are like unforeseen, unexpected incidents.”

So what does insurance cover?

No No No

That's clearly rubbish.. Why would a state acquired such number of buses without insuring them..

So you want to buy new buses that won't be insured...

Abegiii

Bossil:
But the government should havd known better.

they're all insured, na another way to steal government money

Some know what is going on, but we will keep quiet.

Government has no business in business, "their" company (zip it).

Shame.

Bossil:


So what does insurance cover?

Insurance will never cover destruction caused by riots but majorly accidents and stealing

Try do full insurance now,but I trust government them go still find another level take steal money. Maybe this time they will say insurance company don relocate.

helinues:
No No No

That's clearly rubbish.. Why would a state acquired such number of buses without insuring them..

So you want to buy new buses that won't be insured...

Abegiii

They are fully insured! But no insurance will cover destruction caused by rioting

ProWalker:


Insurance will never cover destruction caused by riots but majorly accidents and stealing

ProWalker:


They are fully insured! But no insurance will cover destruction caused by rioting

Do you know what SRCC is?

Pls don't dabble into what you don't know.

ProWalker:


They are fully insured! But no insurance will cover destruction caused by rioting

Bro, LASG probably collabo with the insurance company and divert the insurance damage fee..

Rioting is not self caused accident..

DelTel:




Do you what SRCC is?

Pls don't dabble into what you don't know.

Enlighten us. This platform is for enlightenment and knowledge sharing

Don’t even bother...I’ve read it up

helinues:


Bro, LASG probably collabo with the insurance company and divert the insurance damage fee..

Rioting is not self caused accident..

Well...that is still assumption.

ProWalker:


Well...that is still assumption.

How did you arrive at the insurer company wont pay cos the destruction was caused by rioting...

ProWalker:


Enlighten us. This platform is for enlightenment and knowledge sharing

SRCC is Strike, Riot and Civil Commotion and a standard policy wordings for Comprehensive motor vehicle insurance globally and most other insurance policies (except Marine Insurance).

If our Governor is saying the burnt buses are not covered (under SRCC), then why has insurance been paying for damages caused by agberos, soldiers, miscreants, aggrieved motorists, arsonists etc whenever BRT buses are attacked after one issue or the other .

Like I said earlier, we know what is going on.

But they should not tarnish or diminish Insurance as a whole in their arrangee padi-padi arrangement to (zip it again).

Modify: screenshot attached at 5:39pm.

How About The Poice Killed

helinues:


How did you arrive at the insurer company wont pay cos the destruction was caused by rioting...

Truth is I will rather give the government the benefit of doubt on this issue. If he can publicly declared that those properties were not covered under SRCC, then he should provide more info

DelTel:


SRCC is Strike, Riot and Civil Commotion and a standard policy wordings for Comprehensive motor vehicle insurance globally and most other insurance policies (except Marine Insurance).

If our Governor is saying the burnt buses are not covered (under SRCC), then why has insurance been paying for damages caused by agberos, soldiers, miscreants, aggrieved motorists, arsonists etc whenever BRT buses are attacked after one issue or the other .

Like I said earlier, we know what is going on.

But they should not tarnish or diminish Insurance as a whole in their arrangee padi-padi arrangement to (zip it again).

Ok

ProWalker:


Ok

No thank you for the information?
You almost seem sad to learn something new!!!

StaffofOrayan:


No thank you for the information?
You almost seem sad to learn something new!!!

�

Can you imagine.

They were not comprehensively insured then

Because it was carried out by the government sponsored thugs.

You didn't insure your buses or insurance doesn't cover vandalism? Irresponsible government or a lying one?

Lagos state government does not subscribe to FOI act so the truth will never be known though it was a huge economic lost to the state.Meanwhile,

Hmmm

helinues:


How did you arrive at the insurer company wont pay cos the destruction was caused by rioting...

You need to watch the interview instead of ranting about what you have no idea about


https://www.youtube.com/watch?v=l67sPNYNLUs

ProWalker:


Insurance will never cover destruction caused by riots but majorly accidents and stealing

Fact

mike8804:
they're all insured, na another way to steal government money

We still have some intelligent pple on NL.. u are one of them

You can imagine ...just forget we nor get government

mike8804:
they're all insured, na another way to steal government money

Walaihi no mind the idiot

More lies please
He wants to yes the avenue to loot some funds

This I have seen


For those that will quote me know that all lag govt properties are all insured forget all his babblings