The National Insurance Commission (NAICOM) says it will ensure the payment of insurance claims to dependents or relatives of the victims of the Dana plane crash in Lagos.
This is contained in a statement released on Tuesday night by Lucky Fiakpa, the Head, Corporate Communications of the commission.
The statement assured the public that the aircraft in question was properly insured and all reinsurance contracts were duly entered into, adding that seven local underwriters were involved in the business.
NAICOM in its statement condoled with the families of those who lost their lives in the ill-fated flight, noting that no amount of money is sufficient to compensate them.
Meanwhile, the Federal Government on Tuesday suspended the operations of Dana Airline for “safety reasons”, pending the outcome of investigations into the plane crash.
Also on Tuesday, the Senate recommended that the Director-General of the Nigeria Civil Aviation Authority, Harold Demuren, be asked to step aside.
The recommendation came during preliminary deliberations on the plane crash on the floor of the upper chamber of the National Assembly.
A Dana Airline aircraft MD 83 crashed into residential buildings in the Iju-Ishaga area of Lagos on June 3, killing the 153 people on board.
Several others were also killed after the aircraft plunged into a two-storey building.