Do you know the law on building insurance?

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Adeola Ikuesan: Tenant

I won't say I'm very conversant with the insurance law. But I want to believe that public buildings like markets, plazas, should have insurance. Any building that attracts many people should be insured. Private buildings however may not have insurance.

Eunice Chukwuma, a Secretary: Tenant

Well, I don't know what the law says, but if you ask me, I will tell you the law should say that buildings should be insured, well built with good materials to avoid all the incessant collapse.

It is a big risk for anyone to live in an un-insured house, though the one I live in doesn't have one.

Mr. Johnson, Insurance Consultant: Landlord

Section 64 of the Insurance Act stipulates that buildings more than one floor must be insured. But it is not yet enforced in the Nigeria.

It is about to be enforced. And the government should lead by example and start insuring markets. They should insure first and then it becomes easier to enforce.

Godwin Adekunle, Businessman: Landlord

I think the law says every tenement and those under construction must be insured. The big question is whether there could be enough political will and resources to enforce it. But as of now, I don't think there is any of such in place.

Government does not insure; it is the private sector that handles insurance so it is the insurance sector that should sensitize the populace about what the law says, while the government provides the legal framework for enforcement.

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