After FIJ’s story, Niger Insurance pays investor’s N378,000 held for 4 years

Niger Insurance has paid N378,000 insurance proceeds to Muonyililo Gregory, a Lagos-based pharmacist.

The insurance firm paid the money on Wednesday, two months and some days after FIJ reported how the company refused to pay him four years after the maturation of his funds.

Gregory told FIJ that he had contacted someone he knew worked with another insurance firm, hoping that the payment of his proceeds would be fast tracked, but was yet to initiate the process when Niger Insurance paid him.

“I spoke with someone else who works with an insurance firm. He took my details and gave me the link to make a complaint. I was just going to make the complaint when I realised I had been paid,” he said.

“I am grateful to the FIJ team; they made it happen.”

Gregory had told FIJ that the savings plan he subscribed to was from October 2015 to September 2018.

“When I subscribed to this plan, the catch was that I could save for a life insurance plan if anything happened. And if anything did not happen, my beneficiaries would get the total value, even if I didn’t complete the payment,” he told FIJ.

When FIJ contacted the Niger Insurance branch in Anthony, Lagos, Ojumah Cynthia, a worker at the company, said the complainant should meet with the agent through whom he subscribed to his savings plan.

Subsequently, the payment was made.

This report was produced with support from the Wole Soyinka Centre for Investigative Journalism (WSCIJ) under the Collaborative Media Engagement for Development Inclusivity and Accountability project (CMEDIA) funded by the MacArthur Foundation