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Watch Nigeria > Blog > Business & Economy > Insurance coverage Agency  Sympathises with Hearth Victims, Assures Prospects – THISDAYLIVE
Business & Economy

Insurance coverage Agency  Sympathises with Hearth Victims, Assures Prospects – THISDAYLIVE

Last updated: January 2, 2026 12:21 am
Terfa Ukende
8 hours ago
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Insurance coverage Agency  Sympathises with Hearth Victims, Assures Prospects – THISDAYLIVE
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Ebere Nwoji 

The administration of Nice Nigeria Insurance coverage Plc (GNI), has sympathised with victims of fireside incident that occurred within the  Nice  Nigeria  Insurance coverage Home at  no 47/57 Martins Avenue Lagos Island throughout Christmas break.

The corporate additionally  stated it wished to tell and reassure  its prospects, stakeholders  and most people that the  hearth incident has not affected its  operations in any manner. 

GNI  administration in an announcement made out there to THISDAY acknowledged: “GNI doesn’t keep any workplace within the burnt constructing, nor does it conduct any operations by any means therein”.

Explaining its place within the burnt constructing, the GNI administration acknowledged: “We want to state for the information that Nice Nigeria Insurance coverage Plc. (GNI) was granted an extended lease of naked land at No. 47/57, Martins Avenue, Lagos Island by the Shitta-Bey Household and this lease is because of expire on the thirty first of December, 2036. GNI erected a 25-storey constructing on the stated land for strategic funding functions (the property).It’s noteworthy that GNI has since been in court docket with the Shitta-Bey household on the property as a result of the household instituted three separate fits towards GNI at each the Lagos State Excessive Courtroom and the Federal Excessive Courtroom. All of the fits had been determined in favour of GNI. Thereafter, the household filed separate appeals within the Lagos Judicial Division of the Courtroom of Attraction,” it acknowledged.

GNI stated within the interim, the substantive swimsuit difficult the household for trespass remains to be pending on the Lagos Judicial Division of the Excessive Courtroom of Lagos State.

“Consequently, GNI has for over 5 years been denied bodily possession of the property. Our firm neither has any dealings by any means with the administration nor with any of the tenants occupying the property for these years,” it acknowledged.



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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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