General News
Drawing line between Term, Life Insurance and Assurance
Life insurance is quite popular among the classes of insurance in Nigeria. Popular as it may be, most people including those who are into any form of life insurances do not know the difference between life insurance and life assurance. Unfortunately, the industry is not still playing the needed awareness creating role that is expected of it. Many players even in this global age are yet to fully adopt modern technology in doing the business, preferring to stick tenaciously to the conservative pattern which held the industry captive for decades. People spend much money on complicated financial products and it is sometimes difficult to track which of these products they keep the tasks to perform. Knowing the basic information of your expected type of coverage, would help to guarantee informed buy. This neglect could cause disagreement between insurers and the insured, with consumers buying overpriced products that may not be suitable to their needs simply because they feel they should have some financial protections, without having knowledge of details of their choice.
One of the most frequently asked questions in relation to many consumers is the difference between insurance companies and policyholders. Simply put, insurance companies cover the cost of an event that happens as long as the policyholder pays the needed premium in the occurrence of an event that could certainly happen. One thing about this type of insurance is that the insurance company only pays once or a certain time in the occurrence of the insured event. Therefore, if no claims are made within the period the policy is made, then they have no residual value.
But for an assurance policy, it is different. One notable feature about an assurance policy is the guaranteed payment. Assurance policies always pay off. For example, life insurance generally pay at the death of the insured or upon reaching the age of 65 years of age. How does this policy work? Assurance policy combines two elements. That is an insurance element that will pay off when the person dies early. This is then used to pay for the funeral or the support of his family. But then there is an additional payment each year and that is the investment portion. The insurance company invests this part of the premium on behalf of the insured and upon reaching the age of 65 this money is then paid out to the insured. Life insurance policies are therefore often referred to as a method of life and as a method of saving for retirement.
It may not be easy to withdraw cash early from the investment portion of life insurance, although it is possible in principle. However, there are usually some penalties attached to this. It is advisable not to cash in early if you do not have strong reasons to do so. The distinction between insurance and assurance is also more and more blurred. Some insurance companies offer both types of policies or functions as a new kind of policy added to another in order to make them more attractive. Important as this distinction may be, it is important that the insured knows know what it is and also demand to know what type of facilities are available for the insurance of your life and provision for the future.On the other hand, Term insurance is the most common in life insurance. It is one of the several types of insurances that cover the insured only for a certain defined time. The term of the insurance stipulates that that is the only time to pay the insurer as the need arises. It is the most common in life insurance. Term insurance is also one of the cheapest ways to insure. But what makes this the right choice?
This class of insurance is used by many. It is one of the cheapest ways to stay insured. The operation is simple. You pay for the insurance, like any other insurance. Under this cover, if the insured dies during the period that the policy is in force, the insurance company will pay as the policies described. But if the person dies after the expiration of the insured term, then the insurance company is not likely to pay, as the insurance covers only the death that occurs during a stated period.
Why would anyone want to take this kind of policy? The fact is that this type of insurance has some advantages, especially when you consider why you need insurance in the first place. If the insured dies, there is provision that could cater for the family left behind.
It is important that the insuring public make careful choice having understood the different provisions of these classes of insurance. The decision as to whether this is the right kind of insurance for your needs is necessary. It takes a lot of understanding, but understanding the difference between each type of insurance would be of immense help to the insuring public.
General News
SERAP Asks Tinubu to Probe Alleged N6.79Bn Missing Police Funds, Firearms

Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to direct, Lateef Fagbemi (SAN), attorney general of the federation and minister of Justice; Olatunji Rilwan Disu, inspector-general of Police, and relevant anti-corruption agencies to investigate allegations that more than ₦6.79 billion in public funds were missing, diverted or misapplied within the Nigeria Police Force and the Federal Ministry of Police Affairs.

The allegations are contained in the Auditor-General of the Federation’s 2022 Annual Report, published on September 9, 2025.
In a letter dated August 1, 2026, and signed by Kolawole Oluwadare, deputy director, SERAP, the organisation urged the government to ensure that anyone implicated in the report is prosecuted and that all missing public funds, firearms and ammunition are recovered.
“Anyone suspected to be responsible—including contractors, companies and public officials implicated in the report—should be promptly prosecuted, while all missing public funds, firearms and ammunition should be fully recovered, secured and properly accounted for.”
SERAP described the Auditor-General’s findings as a serious breach of public trust.
“The Auditor-General’s findings suggest a grave betrayal of the public trust and raise serious concerns about corruption and the management of public funds, police exhibits, firearms and ammunition.”
The organisation also expressed concern over allegations involving missing firearms, unauthorised use and release of police exhibits, and poor storage of weapons.
“The report also raises serious concerns over missing firearms and ammunition, the unauthorised use and release of police exhibits, failures to properly account for exhibits, and the insecure storage of firearms, creating significant risks to public safety and national security.”
According to SERAP, the alleged diversion of funds meant for policing and the reported irregularities have weakened the operational effectiveness of the Nigeria Police Force.
“The diversion of funds meant for policing, abandoned security projects, missing firearms and ammunition, and the misuse of police exhibits undermine the operational effectiveness of the Nigeria Police Force, weaken public confidence and may contribute to Nigeria’s worsening insecurity.”
The organisation said the Auditor-General’s report documented several alleged financial irregularities, including payments for projects that were never executed, abandoned contracts, inflated contract costs, irregular procurement, unretired cash advances, unsettled insurance claims and payments for services allegedly not rendered.
“The report documented numerous alleged financial irregularities within the Nigeria Police Force and the Federal Ministry of Police Affairs, including payments for projects that were never executed, abandoned contracts, inflated contract costs, and irregular procurement.”
“The report also documented unretired cash advances, unsettled insurance claims, payments for services allegedly not rendered, and other suspected diversion and misapplication of public funds amounting to over ₦6.79 billion.”SERAP further cited allegations of missing firearms and ammunition, failures to properly account for recovered weapons and exhibits, and insecure storage of firearms.
“The allegations also include missing firearms and ammunition, the unauthorised use and release of police exhibits, failures to properly account for recovered firearms and other exhibits, and the insecure storage of firearms, posing serious risks to public safety and national security.”
The organisation gave the Federal Government seven days to act on its demands, warning that it would pursue legal action if no response is received.
“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal action to compel your government to comply with our request in the public interest.”
SERAP also argued that the allegations, if left unaddressed, would violate constitutional provisions requiring the government to combat corruption and safeguard the welfare and security of Nigerians.
Among the specific findings cited from the Auditor-General’s report were allegations of payments for abandoned and unexecuted police projects worth hundreds of millions of naira, inflated contract values, unretired cash advances, irregular procurement processes, unsettled insurance claims exceeding ₦681 million, over ₦1 billion in uncleared insurance policy liabilities, missing firearms and ammunition, unauthorised release of police exhibits, and contracts allegedly awarded without due diligence by the Federal Ministry of Police Affairs.
General News
Dare Tackles Onaiyekan over Criticism of Tinubu, Says Economic is Working

Sunday Dare, special adviser to the President on Media and Public Communication, has faulted the criticism directed at President Bola Tinubu and his economic policies by John Cardinal Onaiyekan, Archbishop Emeritus and the Catholic Bishops’ Conference of Nigeria (CBCN).

Sunday Dare, special adviser to the President on Media and Public Communication,
During an interview with Arise TV, Onaiyekan, who had led Catholic Bishops on a visit to the President, revealed details of their discussion.
“When the nation is bleeding, you cannot expect a polite meeting with the Head of State. We told him the economy is not helping our poor people; he told us the economy is doing fine. Frankly speaking, he told us quite clearly that he did not agree with us,” Onaiyekan said.
He added, “We didn’t expect him to agree with us. We have done our duty, we have delivered our message, and we have a feeling that somehow, along the line, somebody will show him a few of the things we said.”
Reacting, Dare stated that while Onaiyekan and his cohort choose the easy path of populist lamentation, the facts of President Tinubu’s administration reveal a relentless, methodical restoration of the Nigerian state. He said that by courageously removing the petrol subsidy and unifying the foreign exchange windows within his first days in office, President Tinubu ended decades of economic illusion.
“State and local governments now receive record-breaking monthly allocations from the Federation Account Allocation Committee (FAAC), enabling governors—including those in the Catholic heartlands—to pay salaries, fund local infrastructure, and service pensions promptly. The debt service-to-revenue ratio has been dramatically slashed to under 65%, pulling Nigeria back from the edge of default and restoring international credit rating confidence, he said..
According to Dare, the administration did not merely reform numbers; it invested in human dignity. He noted that through the landmark establishment of the Nigerian Education Loan Fund (NELFUND), millions of indigent students across tertiary institutions now access interest-free loans for tuition and stipends. “Academic calendar stability has been restored, ending the agony of prolonged university strikes that once paralysed national development,” he said.
The presidential spokesperson revealed that to counter global inflation and local supply shocks, the Tinubu administration deployed emergency agricultural interventions that involve direct distribution of hundreds of thousands of metric tons of grains and fertilisers to smallholder farmers nationwide, the multi-billion naira investments in dry-season farming, mechanisation hubs, and irrigation infrastructure aimed at achieving permanent food self-sufficiency.
He said to understand the weight of President Tinubu’s achievements, one must first measure the abyss Nigeria faced on the eve of his inauguration. He recalled that in May 2023, the Nigerian nation was hovering on the precipice of total economic collapse and structural paralysis.
“The unsustainable petrol subsidy regime was draining trillion-naira holes into the national treasury monthly, enriching a parasitic cabal of smugglers and middlemen while starving sub-national governments of basic infrastructure funding. A fraudulent multi-tiered foreign exchange system had turned the Central Bank of Nigeria into an arbitrage engine, crippling legitimate manufacturing, scaring off foreign direct investment, and burning through scarce external reserves.
“The nation’s debt service-to-revenue ratio had spiralled to an unsustainable 97 per cent, meaning Nigeria was literally borrowing money to pay interest on past loans while operational governance ran on fiscal fumes. This was the broken, bleeding nation handed over to President Tinubu. It required bold surgery, not diplomatic sedation. Yet, when the President applied the sharp scalpel of structural reform, armchair critics and political opponents decried the incision while ignoring the terminal tumour it removed,” he said.
General News
Lenacapavir, HIV Injectable Drug Offers Pregnant, Lactating Mothers 100 Percent Protection – Study

Lenacapavir, injectable HIV prevention drug, has been found to provide 100 percent protection against HIV infection among pregnant and breastfeeding women using it as pre-exposure prophylaxis (PrEP).

This is according to sub-study of the landmark clinical trial evaluating the safety and efficacy of the twice-yearly injectable HIV prevention drug.
The Phase 3 PURPOSE 1 trial results, published in the Lancet Medical Journal last week and presented at the ongoing 2026 International AIDS Conference Rio de Janeiro, Brazil, show the injection to be safe for use in pregnancy.
While Lenacapavir was previously studied and demonstrated high efficacy and safety as PrEP in cisgender women, its use during pregnancy and lactation, when women are disproportionately vulnerable to HIV acquisition, was not described in the initial studies that formed the World Health Organisation’s global recommendation for the drug.
Now, in the latest study, Dr Flavia Matovu Kiweewa, a senior Research Scientist at MUJHU, said they checked for drug traces in breast milk and exposure to an unborn baby and found drug exposure levels across all trimesters and postpartum were comparable to non-pregnant participants, confirming no dose adjustments are needed for this group.
Among 5345 women enrolled between Sept 28, 2021, and Sept 15, 2023, 487 participants, 184 allocated to Lenacapavir and 303 allocated to oral PrEP, had one or more pregnancies, resulting in 509 total pregnancies with 512 pregnancy outcomes, including three sets of twins.
While the study involved women aged between 16 and 26 years in both South Africa and Uganda, 80 percent of all the pregnancies recorded were in Uganda. Results show Lenacapavir was present in breast milk, but exposure in breastfed infants was minimal. Drug concentrations were measured in the blood of the mothers, breast milk, and breastfed infants’ blood.
Kiweewa said thatthese results are a breakthrough as pregnant and postpartum women face elevated vulnerability of HIV acquisition, yet historically they have been excluded from early prevention trials, leading to years-long evidence gaps.
The study compared twice-yearly Lenacapavir with daily oral PrEP in women who were not pregnant at enrollment.
But, unlike previous studies, women who got pregnant while participating in the study were, for the first time, left on their allocated study drug.
Now, because of the new findings, Kiweewa said at one of their study sites in Mityana District Hospital, they have decided to dedicate seventy percent of their drug supplies to women.
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