Insurance Didn’t Cover 80 Lagos BRT Buses Worth ₦3.9bn Burnt During #EndSARS – Sanwo-Olu
Sanwo-Olu in an interview on Channels Television said Insurance didn’t cover the 80 Lagos buses burnt during last years #EndSARS.
During last year’s #EndSARS, 23 big buses were burnt while 57 medium-size BRT buses were also razed.
The Governor of Lagos State, Babajide Sanwo-Olu, says the state government cannot file for insurance claims on the eighty (80) mass transit buses burnt during the #EndSARS protests in 2020.
According to the Governor, the vehicles were insured but the destructions were beyond insurance. He likened the damages as natural disaster or events like arson or riots, which are not covered.
He, however, said the state government would replace the damaged vehicles with locally-assembled ones.
Sanwo-Olu stated these in an interview on Channels Television which was aired on Sunday.
“In fact, we have started the conversation. The interesting thing is that we are working with a local bus manufacturing company and it is going to come with almost the same specification as the ones that were unfortunately destroyed.
“They were insured but insurance will never cover you 100 per cent. These are beyond insurance; they are like natural disaster or events like arson or riots, which are not covered. These are like unforeseen, unexpected incidents.”
During last year’s #EndSARS, 23 big buses were burnt at Ojodu while 57 medium-size BRT buses were razed at the Oyingbo area.
Following violence that trailed the #EndSARS protests last year, the state government revealed that the 80 burnt BRT buses were worth ₦3.9bn.
According to the state Commissioner for Information, Mr Gbenga Omotosho, each of the big buses cost $200,000. The medium-size BRT buses reportedly cost $100,000 each, all totalling about N3.9 billion in Naira.