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[BEWARE] This Is What A Fake Third Party Insurance Looks Like

Editor by Editor
September 10, 2015
in Uncategorized
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  • A high number of spurious third party insurance papers are purportedly making the rounds across Lagos State! These documents are most times obtained through seemingly official quarters; especially through cunning agents of the Federal Road-Safety officer (FRSC).
  • Leading the pack in these counterfeit documents is the third party insurance in the name of African Alliance Insurance (AA).

Fake insurance policy

  • According to Mr. Wale Enitan, a senior officer in Ojodu Vehicle Inspection Office (VIO), up to 10 fake third party African Alliance Insurance papers are seized at VIO check points across the State every hour. “These (AA) insurance papers happen to be fake and it was not on our list of accredited insurance company that can issue vehicle insurance paper”, he added.
  • According to our reporter, the proliferation of this (AA) third party ‎vehicle insurance paper has been going on for years at a cost ranging from N2000 to N3500. Tunde (would not give his surname) a taxi driver, who fell victim to this scam claimed that the insurance paper was done for him by a senior staff of the Federal Road-Safety officer (FRSC) inclusive of other vehicle particulars for N45,000. “I have been using this paper for long and nobody has disturbed or accuse me of caring a fake insurance document until now” he added.
  • Inside Mainland contacted the Nigerian Insurers Association (NIA), the umbrella body for insurance companies in Nigeria, who expressed shock that the practice is yet to abate. Mr. Davis Iyasere, the Head of Corporate Affairs of the NIA stated clearly the organisation’s stance; “We condemn unequivocally the masterminds of this heinous business of faking third party motor insurance certificates and use this opportunity to urge the respective law enforcement agents to go after these criminals who are out to plunder the national economy by denying the insurance industry premiums from motor third party insurance. We urge members of the public not to patronize touts at licensing offices and local government secretariats but to obtain their Third party motor Insurance certificates from the registered offices of insurance companies.

“In this particular case, we condemn the deception the touts have introduced to their unholy business by using the name of a life insurance company to perpetrate their nefarious activity. African Alliance Insurance Plc is registered as a full-fledged life insurance company and has no business underwriting motor insurance. The touts should stop this untoward business and know that the long arm of the law would soon catch up with them”.

  • He advised members of the public to verify the authenticity of their third party motor insurance certificates by checking out their vehicle details on the Nigerian Insurance Industry Database (NIID) which is an online platform for authenticating third party motor insurance certificates.

This can be done by simply sending sms of policy number asterisk plate number to 33125 or call 07011784884 or 08030400804.

  • A source in African Alliance Insurance said the company was not aware of the ongoing scam (fake document of AAA vehicle insurance paper) until recently when it was brought to their notice, “the company is into life insurance and we are not aware about it but the management is working on it”.

THIS IS A LIST OF NIA MEMBER COMPANIES UNDERWRITING MOTOR INSURANCE BUSINESS

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  1. A & G Insurance Plc
  2. AIICO Insurance Plc
  3. Anchor Insurance Company Ltd
  4. Consolidated Hallmark Insurance Plc
  5. Cornerstone Insurance
  6. Custodian & allied Insurance Plc
  7. Equity Assurance Plc
  8. FBN Insurance
  9. Goldink Insurance Plc
  10. Great Nigeria Insurance Plc
  11. Guinea Insurance Plc
  12. Industrial & General Insurance Plc (IGI)
  13. KBL Insurance Plc
  14. Wapic Insurance Plc
  15. International Energy ins. Plc
  16. Investment & Allied Ins. Plc
  17.    LASACO Assurance Plc
  18. Law Union & Rock
  19. Leadway Assurance Co. Ltd.
  20. Linkage Assurance Plc
  21. Mansard Insurance Plc
  22. Mutual Benefits Assurance Plc
  23. NEM Insurance Plc
  24. Nicon Insurance Plc
  25. Niger Insurance Plc
  26. Nigeria Agricultural Ins. Corporation
  27. NSIA Insurance Company Limited
  28. Old Mutual General Insurance Co. Ltd.
  29. Prestige Assurance Plc
  30. Prestige Assurance Plc
  31. Regency Alliance Insurance Plc
  32. Royal Exchange Gen. Ins. Co. Ltd
  33. Sovereign Trust Insurance Plc
  34. STACO Insurance Plc
  35. Standard Alliance Insurance Plc
  36. Sterling Assurance Nigeria Ltd
  37. Union Assurance Nigeria Ltd
  38. Unitrust Insurance Co. Ltd
  39. Unity kapital Assurance Plc
  40. Universal Insurance Plc
  41. Zenith Insurance Company Ltd.
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