COVER
Another Tanker Overturns, Explodes in Niger

From Dan Amasingha, Minna & Sylvia Udegbunam, Enugu
What could have turned out to be another major tragedy was averted on Monday as residents of Agaie stayed away from a petrol-laden tanker that overturned.
The incident happened along the Lapai-Agaie road.
Agaie is the headquarters of Agaie Local Government Area in Niger State.The tanker, a third to overturn in two weeks in Niger State was said to be laden with 40,000 litres of Premium Motor Spirit.
Daily Asset gathered that both the driver of the vehicle and his conductor were rushed to the Lapai hospital for treatment as a result of injuries they sustained.
Eyewitness disclosed that the tanker suffered a front tyre burst which made it impossible for the driver to control the vehicle and it burst into flames.
The Director General of the Niger State Emergency Management Agency (NSEMA), Alhaji Abdullahi Baba Arah, speaking through the organisation’s Public Relations Officer, Alhaji Ibrahim Hussaini confirmed the incident saying, “The accident happened in the bush.
“Our men are on their way to the point where the accident happened. I will get back to you when they return.”
Niger State Police Command also confirmed the incident in a statement by its Public Relations Officer, Wasiu Abiodun.
Abiodun said in the statement, “On 27/1/2025 at about 6.30pm, there was a lone fuel tanker accident with fire explosion along Agaie/Lapai road.
“The fuel tanker with Reg. No. DKA 03 A was driven by one Shamsudeen Dayabu of Matazun LGA of Katsina State on transit from Lagos to Kaduna and was loaded with about forty thousand liters of PMS.
“On reaching Kusogbogi area of Agaie, the tanker lost control due to a burst front tyre, and fell by the road into the drainage.
“As a result, the tanker caught fire and affected the driver on the leg and the motor boy was also affected,” Abiodun said.
According to him, the two were taken to a nearby hospital adding that “No life was lost in the incident as the road was temporarily closed.”
He said normalcy was later restored for road users.
In a related incident at Dikko in Gurara Local Government over a week ago not less than 100 people died and 60 others injured with more than 20 houses burnt.
Some of the injured in the explosion are still receiving treatment at the New Wuse and Suleja General hospitals while serious ones were transferred to both the National and Gwagwalada hospitals in the Federal Capital Territory, Abuja.
NSEMA has now also confirmed that 14 houses were totally destroyed and 27 others partially in the explosion which took place at Sabon-Pegi in the Mashegu local government on Sunday morning.
The agency said six people were injured in the accident.
Following the incident in Enugu, the Governor of Enugu State, Dr. Peter Mbah, has reiterated his call for the enforcement of anti-spill lock on fuel tankers across the country, saying that disasters arising from tanker-spill have become too frequent.
Mbah restated the call yesterday when he received in his office the Director-General of the National Emergency Management Agency (NEMA), Mrs. Zubaida Umar, and her team who were in Enugu to flag-off the distribution of emergency intervention items to the victims of the Saturday tanker fire that caused the loss of several lives on the spot and also consumed several vehicles and goods at Ugwu Onyeama along the Enugu-Onitsha federal highway.
“As I stated when I visited the scene, we have disasters that we know that we obviously could not have envisaged or predicted; and when they happen, we trigger all the responses that we have set up.
“But this issue of tanker fire or explosion is becoming too recurrent and I did call on the law enforcement agencies, particularly the Federal Road Safety Corps, FRSC, to ensure the enforcement of the anti-spill lock. This is because if we have anti-spill lock on those tankers carrying inflammable products like petrol and automotive gas oil, we will then be able to mitigate such disasters because even if the tanker falls, it will still not spill. But what happened in Enugu was a function of the spill of PMS (petrol) that got into other cars, and they got ignited.
“So, I will always want to use this opportunity again to reiterate my call on the law enforcement agencies to ensure strict enforcement of the anti-spill lock on all our petroleum product tankers. It is extremely important,” he stated.
Mrs. Umar, while commiserating with the government and people of Enugu State over the sad incident, commended Mbah for showing leadership in the midst of the disaster.
“I wish to commend you for the timely visit to the scene of the incident and various decisions made, including ensuring that maximum medical attention was given to the survivors.
“Today’s flag-off of relief assistance to the victims of tanker fire is therefore an outcome of the collaborative initiative, which NEMA has put in place to support the population at risk. It is the collective responsibility of all tiers of government to provide support to disaster victims; hence, NEMA is therefore complementing the efforts of the state government,” she said.
She announced a donation of relief materials consisting of 200 25kg-bags of Rice, 200 cartons of spaghetti, 20 cartons of five-litre vegetable oil, 20 cartons of seasoning and 20 cartons of tomatoes paste and medicaments and medical consumables to persons affected and impacted by the tanker fire explosion in Enugu State.
The DG also added her voice to the alarm over the increasing rate of tanker fire in various parts of the country.
“The increasing cases of tanker fire explosion across Nigeria are not only devastating, but also a clog on the wheel of progress and economic development of our communities. Such incidents have negatively impacted lives, property, the environment, and have a grave potential of slowing down our developmental strides,” the DG concluded.
COVER
Heirs Insurance Posts N61bn Gross Written Premium

Heirs Insurance Group has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across business lines and metrics.The insurance group reported a combined Gross Written Premium of N61bn in 2024 for its life and general insurance companies, indicating a 70 per cent increase from the N35.
8bn recorded in the previous year. Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the pan-African investment company, with investments across 24 countries and four continents. The insurance group also recorded a combined insurance revenue of N31.4bn, which is about 53 per cent higher than N20.5bn in 2023. Profit Before Tax rose from N4.8bn in 2023 to N11.2bn, more than double the previous year’s figure, and representing a 133 per cent year-on-year growth, and the group paid about N10.4bn in claims during the year under review compared to N4.18bn. Its total assets grew by 66 per cent, rising from N55.8bn in 2023 to N92.9bn in 2024.Analysing the financial performance of the entities that make up the group indicated that Heirs Life Assurance reported an 85 percent increase in Gross Written Premium from N23.87bn in 2023 to N44.22bn in 2024. Insurance revenue rose by 109 per cent to N15.1bn from N7.3bn in 2023 as its profit before tax grew to N5.5bn, up from N1.88bn, indicating a 193 per cent increase. Claims paid by Heirs Life also rose to N5.67bn, a 120 percent increase from N2.5bn paid to customers in 2023.Heirs General Insurance also maintained a strong growth trajectory as its Gross Written Premium rose by 42 per cent to N16.9bn from N11.9bn in 2023. Insurance revenue hit N14.3bn, a 19 per cent increase from the N12bn recorded in 2023, and profit before tax grew by 104 per cent, rising from N2.4bn in 2023 to N4.9bn in 2024. HGI also demonstrated strong claims responsiveness, with claims paid amounting to N4.7bn, up 25 per cent from N3.7bn in the previous year.The insurance broking and risk management consulting firm in the group, Heirs Insurance Brokers, posted growth as well. Its revenue grew by 54 per cent from N1.28bn in FY2023 to N1.97bn in 2024, driven by increased client acquisition and retention. Profit Before Tax rose by 53 per cent fromN528.59m in the prior year to N805.91m in 2024, highlighting strong cost discipline and operational efficiency.In a statement accompanying the financial results, the group said it had achieved year-on-year growth due to its strong leadership and corporate governance and a focus on driving digital innovation to make insurance simple and accessible.It added, “Beyond technology, the group drives advocacy across all customer clusters, aligning with its purpose to improve lives and transform Nigeria. Its Essay Championship drives insurance literacy among young students and the school ecosystem, and its travel festival advocates for more inclusive policies to enable cross-border travel, among many other initiatives.”Heirs Insurance Group serves both corporate and individual customers across Nigeria.COVER
Confusion Trails Mohammed Babangida’s BOA Chairmanship Appointment

By Mike Odiakose, Abuja
The Presidency has denied reports claiming that Mohammed Babangida, son of former military president Ibrahim Babangida, turned down his recent appointment as Chairman of the Bank of Agriculture (BOA) by President Bola Tinubu.The clarification came after a letter, purportedly signed by Mohammed Babangida and circulated by Chief Dele Momodu, publisher of Ovation magazine and chieftain of the African Democratic Congress (ADC), suggested that Babangida had declined the offer due to personal and professional reasons.
However, presidential media aide Olusegun Dada swiftly dismissed the claims in a post on X (formerly Twitter), stating that Babangida had not only accepted the appointment but also expressed deep gratitude to President Tinubu for the opportunity.“Muhammed Babangida has officially accepted his appointment as Chairman of the Bank of Agriculture,” Dada wrote. “He thanks President Bola Ahmed Tinubu for the trust reposed in him and categorically denies any report suggesting otherwise.”In a statement attributed to Babangida and shared by Dada, the former military president’s son condemned the letter as false, malicious, and intended to mislead the public and discredit the Tinubu administration.Further debunking the claim, Alhaji Mahmud Abdullahi, a media aide to Babangida, described the circulating letter as “fake” and the handiwork of mischief-makers. He insisted that the document was fabricated, bearing a forged signature and incorrect contact details.“Mohammed Babangida did not reject the appointment. The letter in circulation is fake,” Abdullahi said. “He remains grateful for the honour and is committed to serving the nation in this capacity.”The Presidency emphasized that those responsible for spreading the false information would be investigated and prosecuted, reaffirming its commitment to transparency and national cohesion.Tinubu had recently approved a series of high-profile appointments aimed at strengthening key government institutions, with Mohammed Babangida’s BOA chairmanship among the most notable.COVER
Retired Police Officers Defy Rain, Protest Against Pension Scheme

By David Torough, Abuja
In a powerful show of frustration and resilience, scores of retired police officers braved heavy rain yesterday to protest at the gates of the National Assembly in Abuja. Their demand was clear: an immediate exit from the Contributory Pension Scheme (CPS), which they described as exploitative and dehumanising.
The elderly demonstrators, many in their 60s and 70s, carried placards and sang solidarity songs, accusing the government of neglecting their welfare after decades of service to the nation. Among them was retired Chief Superintendent of Police, Manir Lawal, who said: “We deserve to retire in dignity. This scheme has impoverished us.”Undeterred by the weather, the retirees vowed to remain at the protest site until the leadership of the National Assembly addressed their concerns. Security personnel were on hand to ensure order, but the mood remained calm and determined.Meanwhile, a similar demonstration took place in Ilorin, Kwara and Plateau States, where members of the Association of Retired Police Officers of Nigeria (ARPON) staged a peaceful protest. The group, led by retired CSP Yakubu Jimoh, echoed demands for an exit from the CPS and called for the creation of a dedicated Police Pension Board—similar to pension structures enjoyed by the military and other security agencies.Jimoh cited glaring disparities in pension benefits, stating that while senior police officers such as AIGs and DIGs had successfully exited the scheme, rank-and-file officers were left behind with meagre monthly stipends and inadequate gratuities. “Imagine being paid just N2.4 million after 35 years of service, and receiving N30,000 monthly. It’s insulting,” he said.Legal Adviser of ARPON, retired SP Adekunle Iwalaiye, emphasised that the protest was not about incitement or lawlessness, but a cry for justice. “We are Nigerians too. We have bullet wounds and sacrifices. Our pensions must reflect that.”However, the Nigeria Police Force has warned of attempts by “external elements” to hijack the peaceful movement. According to a statement posted on X, such individuals were allegedly encouraging confrontation and disorder. The police urged retirees to remain calm and assured them of ongoing efforts to resolve their demands.Inspector-General of Police, Kayode Egbetokun, met with the protesters in Abuja and denied allegations that he was opposed to exiting the CPS.He acknowledged the hardship endured by pensioners and confirmed ongoing high-level engagements, including a recent meeting with National Security Adviser Nuhu Ribadu, to improve retirement benefits.“I empathise with you. I am not opposed to leaving the CPS, but it’s beyond the power of any IGP to unilaterally remove the force from the scheme,” he explained. Egbetokun encouraged the retirees to remain hopeful, noting that alternative solutions to enhance the current system were being explored.In a related development, civil servants in Abuja have urged the Federal Government to fulfill its promise to pay four months’ arrears of the N35,000 wage award.Many expressed disappointment over the delay, accusing the government of insincerity and urging it to disburse the payments in full.As protests and demands for improved pensions grow louder across Nigeria, both retired and active personnel are calling on the government to honor its commitments and restore dignity to public service.