National assembly assets lose insurance cover over alleged non settlement of n2b premium

It appears that there is an issue with the National Assembly's assets losing their insurance cover due to alleged non-settlement of a N2 billion premium.

Here's a breakdown of the situation:

• The National Assembly's assets, which include buildings, vehicles, and other properties, were previously insured against damage or loss.
• However, the insurance policy was allegedly terminated due to the National Assembly's failure to settle a N2 billion premium.
• The premium was reportedly due for payment, but the National Assembly failed to settle it, leading to the insurance company terminating the policy.
• As a result, the National Assembly's assets are no longer covered by insurance, leaving them vulnerable to damage or loss without compensation.

This development raises concerns about the management of public funds and the accountability of public officials. It is essential that the National Assembly takes immediate action to settle the outstanding premium and restore the insurance cover to protect its assets.

It would be interesting to know more about the circumstances surrounding this issue, such as:

• Why did the National Assembly fail to settle the premium on time?
• What measures will be taken to prevent similar situations in the future?
• How will the National Assembly ensure that its assets are properly protected and insured going forward?

I hope this information is helpful. If you have any further questions or would like more details, please feel free to ask!