Dangote pays $ 13 million premium to insurers in 2016

Nigerian billionaire Aliko Dangote’s group, Dangote Industries Limited, paid over $ 5 billion, or $ 13.9 million, in insurance premiums in 2016 to the insurance companies that insured its insurance portfolio.

However, Adenike Fajemirokun, Director of Risk and Insurance for the Dangote Group said that despite the huge premium paid, some companies still have to pay their “rights” to the company. Indeed, some insurance companies owe more than 400 million nairas to Dangote since 2012. Dangote calls them to collaborate with the National Insurance Commission (NAICOM) , an agency responsible for regulating the insurance sector in Nigeria. , for the realization of the transformation program.

For Adenike Fajemirokun, “insurers need to be more proactive in studying consumer transactions and designing generic models of risk solutions. There should be stronger insurers with fast payment capabilities and a consistent customer experience . ”

Dangote Industries Limited operates as a diversified enterprise conglomerate in Africa. It engages in manufacture / import, packaging and distribution of cement, manufacturing and refining of sugar, manufacturing, importing and selling of Petti tomato paste; milling and flour packing, etc.

And for the seventh year in a row, Dangote Industries Limited President and CEO Aliko Dangote has been declared the richest man in Africa with a net worth of $ 12.2 billion by Forbes in 2017, an increase of $ 100 million from a year earlier.

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