Lagos – The Nigerian Council of Registered Insurance Brokers (NCRIB)has advised insurance brokers not to pay any fee to secure a business.
This is contained in the statement by spokesperson of the association, Mr Dele Ayeleso, on Friday in Lagos.
The council lamented that members are made to pay bidding fee as a prerequisite before they could render broking services to companies or government institutions.
It said; “May I seize this opportunity again to ventilate the views of the council on the grievance of members who are made to pay bidding fees as prerequisite for offering insurance broking services.
“Insurance brokers, being professional service providers, are like lawyers, architects and accountants who should not be placed under such burden.
“The management was dissuading members from paying such exploitative fee.’’
It said the NCRIB and Nigerian Insurers Association Joint Technical Committee were working on the issue.
The council promised that the problem would soon be finally resolved.
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It said the insurance industry would continuously play a catalytic role for the nation’s development.
“Apart from helping government to be prudent in spending through mitigation of losses on its assets, the industry would boost the Gross Domestic Product (GDP) as well as reduce the unemployment rate,’’ it stated. (NAN)
