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International

Insurance industry loses nearly $20 million from fake marine cargo insurance

July 24, 2017 Reprints

Nigeria's insurance industry loses more than 6 billion Nigerian naira ($19 million) in marine cargo insurance premium due to fake insurance certificates, The Guardian reported. About 300,000 shipments imported through the nation's airports and seaports annually have no genuine insurance papers.

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Insurance industry loses nearly $20 million from fake marine cargo insurance

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