Business
Life Arm Leads as emPLE Pays ₦7bn in Claims Across Key Sectors
BY NKECHI NAECHE-ESEZOBOR—emPLE Nigeria said it paid over ₦7 billion in claims to policyholders in 2025, underscoring its commitment to meeting obligations and supporting customers during times of need.
The company disclosed this in a statement made available to BusinessTodayNG.
A breakdown of the claims shows that the life business paid over ₦4.1 billion, while the general insurance arm disbursed more than ₦3.6 billion across key sectors, including energy, engineering, motor, marine cargo, and marine hull.
Commenting on the development, Olalekan Oyinlade, Chief Executive Officer of emPLE General Insurance Limited, said insurance remains a “sacred obligation” to provide support in times of adversity.
“Insurance, at its core, is a promise, a sacred obligation to provide support in times of adversity, and in 2025, we honoured that promise,” he said.
He added that amid ongoing industry reforms, the company remains focused on strengthening underwriting discipline, improving claims efficiency, and building a more resilient business capable of delivering consistent value to customers and stakeholders.
Also speaking, Jolaolu Fakoya, Managing Director of emPLE Life Assurance Limited, said life insurance plays a critical role in providing financial reassurance to families during periods of loss.
“In Life Insurance, our role in providing reassurance in moments of uncertainty is close to our heart,” he said.
He cited examples of claims paid, including ₦112 million to the family of a 47-year-old breadwinner, ₦21 million to a bereaved mother, and ₦205 million to another family following the loss of a 55-year-old loved one.
Fakoya added that the company is focused on deepening insurance penetration by simplifying access, improving customer experience, and strengthening public trust in the value of insurance.
“This is to ensure more Nigerians understand the value of insurance and benefit from it when it matters most,” he said.
The company said the milestone reflects its continued growth and its commitment to transforming insurance from a transactional product into a reliable support system that enables individuals and businesses to face the future with confidence.
About emPLE
emPLE is a Nigerian insurance brand operating through emPLE General Insurance Limited and emPLE Life Assurance Limited, focused on delivering accessible protection solutions grounded in governance discipline, operational excellence, and sustainability principles.
The post Life Arm Leads as emPLE Pays ₦7bn in Claims Across Key Sectors appeared first on Business Today NG.
The Ondo State Police Command has dismissed claims of an impending terrorist attack in the state following the circulation of a viral video on social media warning residents of possible attacks in some communities.
In a statement issued by the command, the police described the claims contained in the video, allegedly made by a cleric, as unverified and lacking credible intelligence backing.
The command expressed concern over the panic generated by the video and warned residents against spreading unconfirmed information capable of creating fear and tension across the state.
According to the police, security agencies immediately activated intelligence and operational mechanisms to assess the authenticity of the claims and determine whether there was any threat to public safety.
Commissioner of Police in the state, CP Felix Ohagwu, was said to have ordered a thorough investigation into the source and content of the viral video. The command also disclosed that surveillance operations, intelligence gathering and security deployments had been intensified, particularly in vulnerable areas, to forestall any security breach.
The police, however, reassured residents that there is currently no confirmed intelligence suggesting any imminent attack in Ondo State.
The command added that it remains on high alert in collaboration with other security agencies and stakeholders to ensure the safety of lives and property across the state.
Residents were advised to remain vigilant and report suspicious persons or activities to the nearest police station or relevant security agencies while relying only on verified sources for security-related information.
The police further reaffirmed their commitment to maintaining peace and public order through continued collaboration with community leaders, traditional rulers, vigilante groups and other stakeholders in the state.
The post Ondo Police Dismiss Cleric’s Viral Video of Impending Attacks, Tighten Security appeared first on Business Today NG.
The National Information Technology Development Agency has denied any affiliation with an online earning and marketing platform known as CPM. This rebuttal follows reports that the platform was demanding money from users to repair its allegedly hacked systems.
The agency issued the disclaimer in a statement signed by its Director, Corporate Communications and Media Relations Department, Hadiza Umar, on Monday, describing the reports as false and misleading.
According to media reports, subscribers via the platform operators reported that their systems had been hacked and that additional payments were required from subscribers to resolve the issue and recover funds.
NITDA allegedly was helping them to resolve the issue and that subscribers needed to make additional payments to support the process.
NITDA debunked those reports dissociating itself from CPM, noting that the agency, as a government agency, did not request money.
“NITDA wishes to categorically state that these claims are false and misleading.
“As a government agency and Nigeria’s Information Technology regulator, NITDA does not request or collect money from citizens to provide incident response support, recover funds, or assist private entities in resolving cybersecurity incidents,” NITDA said.
The agency alleged that the efforts of the so-called CPM to disguise itself as NITDA indicated possible social engineering and fraudulent activity. It said the efforts targeted exploiting affected individuals under the pretence of resolving a cybersecurity incident or recovering lost investments.
NITDA warned Nigerians against making financial payments to any bodies or organisations that claim NITDA requires such payments for operations.
“Members of the public are therefore strongly advised to exercise caution and avoid making any additional payments to any individual, group, or platform claiming that such payments are required by or connected to NITDA.
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“The reported pattern may indicate possible social engineering or fraudulent activity aimed at exploiting affected individuals under the guise of resolving a cybersecurity incident or recovering lost investments,” the agency said.
NITDA said Nigeria should exercise caution when dealing with online investment and trading platforms and must avoid sending additional funds in an attempt to recover previous investments or losses.
The agency added that online users must verify any claims of government involvement directly through official channels and refrain from sharing sensitive personal or financial information with unverified entities.
The regulator reiterated that Nigerians must promptly report suspicious cyber-related activities to the appropriate authorities to contain increasing risks of online attacks and fraud.
“NITDA remains committed to promoting cybersecurity awareness and protecting the public against cyber-enabled fraud and deceptive online activities.”
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