The Chairman Nigerian Insurers Association( NIA) Ganiyu Musa, has disclosed that insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest.
At a press briefing in Lagos, Musa said: “As at January, insurers have paid over N11billion as claims that arose from the #EndSARS protest of 2020.”
Massive destruction, plunder of facilities and deaths had marred the #EndSARS protests against police brutality in several parts of the country.
The NIA had earlier released a report that the claims were paid on vandalisation, lootings, theft; deaths and cases of loss of cash.
It added claims were settled on malicious damage; business interruptions; burglary attacks; and on arson and burnt sites.
In October 2020, some youths had commenced peaceful protests tagged #EndSARS to demand the disbandment of the Police Special Anti-Robbery Squad and other reforms in the Nigerian Police Force.
As the protests persisted, it was taken over by hooligans who embarked on massive looting spree and destruction of properties.