The Management of Abuja Metropolitan Management Council (AMMC) recently embarked on a significant step towards enforcing compliance with insurance regulations for building developers and occupiers of public buildings within the Federal Capital Territory (FCT).
Led by Mukhtar Galadima mni, the Director of Development Control at the Federal Capital Territory Administration, the AMMC team paid a courtesy visit to the National Insurance Commission (NAICOM) on thursday.
During the visit, the AMMC team was warmly received by the Commissioner for Insurance/CEO, Olorundare Sunday Thomas, along with his management team.
The purpose of the visit was to foster collaboration between the two entities and explore ways to ensure compliance with sections 64 and 65 of the Insurance Act 2003, specifically concerning building developers and occupiers within the FCT.
Recognizing the importance of enforcing mandatory insurances, the AMMC and NAICOM have established a Joint Committee.
This committee will work together to devise effective strategies and modalities for enforcing the compulsory insurance requirements within the FCT.
The collaboration between the AMMC and NAICOM aims to enhance compliance and ensure that developers and occupiers of public buildings in the FCT adhere to the provisions of the Insurance Act 2003.
By joining forces, the AMMC and NAICOM demonstrate their commitment to ensuring the safety and financial protection of developers, occupiers, and the general public.
This collaboration serves as a significant step towards creating a more secure and regulated environment for the construction and occupation of public buildings in the FCT.
With the establishment of the Joint Committee, both agencies are expected to leverage their expertise and resources to develop effective mechanisms for enforcing compliance with the compulsory insurance provisions.
This initiative will contribute to the overall safety and risk management in the FCT, safeguarding stakeholders from potential financial burdens and liabilities.
The AMMC and NAICOM’s collaborative efforts reflect the commitment of the Nigerian government to upholding insurance regulations and ensuring the well-being of citizens and the sustainable development of the capital city.
