The Nigerian Insurers Association (NIA) said insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest.
The Chairman, NIA, Mr Ganiyu Musa, disclosed this at a press briefing in Lagos.
“As at January, insurers have paid over N11bn as claims that arose from the #EndSARS protest of 2020,” Musa said.
Lootings, destructions and deaths had marred the #EndSARS protests.
The NIA had earlier released a report that the claims were paid on vandalisation, lootings, theft; deaths and cases of loss of cash.
It added claims were settled on malicious damage; business interruptions; burglary attacks; and on fire and burnt sites.
In October 2020, some youths had commenced peaceful protests tagged #EndSARS to demand the disbandment of the Police Special Anti-Robbery Squad and other reforms in the Nigerian Police Force.
As the protests persisted, it was taken over by hoodlums who embarked on massive lootings and destructions.
