Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State has taken a major step towards safeguarding the welfare of its students and protecting its infrastructure by signing two Memoranda of Understanding (MoUs) with Laudable Insurance Brokers Limited on a Students’ Personal Accident Insurance Scheme and a Combined Risk Insurance Policy.
The agreements, signed at the Vice-Chancellor’s conference room, were designed to provide financial compensation to students and their families in the event of accident involving any student leading to injuries, permanent disability and death, and covering burial expenses while also protecting the institution’s buildings and other assets against losses arising from fire, windstorms and other unforeseen disasters.
Speaking during the signing ceremony, the Vice-Chancellor, Professor Daniel Nwachukwu, said the initiative underscores the university’s commitment to prioritizing students’ safety and welfare, and also complying with the Federal Government’s directive on insuring strategic public assets. He noted that the decision became imperative following a series of fatal road accidents involving students, particularly around the university’s first gate.
“Just recently, many of us are aware that many of our students were involved in accidents. Some of them were killed while others were seriously injured. A few weeks ago, two or three students lost their lives. If this insurance arrangement had already been in place, their families would have started receiving compensation,” the Vice-Chancellor said, describing the recurring accidents around the university entrance as a source of concern.
While expressing hope that such tragedies would not recur, Prof. Nwachukwu stressed that insurance remains an important risk management tool that cushions the financial burden associated with unexpected events.
“Insurance cannot replace a lost life, but it provides support for those left behind. It is about preparing for uncertainties and ensuring that families are not left without assistance when unfortunate incidents occur,” he stated.
Prof. Nwachukwu further disclosed that the Federal Government had directed public institutions to insure their facilities, adding that AE-FUNAI’s decision aligns with that policy while strengthening the university’s capacity to recover quickly from unforeseen losses.
He added that the Combined Risk Insurance Policy would also cover the university’s physical assets against damage resulting from fire and natural disasters, including windstorms that have, on several occasions, destroyed rooftop of many campus buildings.
Speaking further, the Vice-Chancellor said the university chose Laudable Insurance Brokers Limited after carefully assessing several insurance providers and considering the company’s track record of professionalism, integrity and prompt settlement of claims. He observed that many Nigerians remain skeptical about insurance because some companies fail to honour genuine claims, expressing confidence that Laudable Insurance Brokers Limited would uphold its obligations to the university.
“We believe this will be a mutually beneficial relationship. While the company provides protection for our students and properties, the university will also fulfill its obligations under the agreement,” he concluded.
In his remarks, the Managing Director, Laudable Insurance Brokers Limited, Sam Enyili Ude thanked the University management for the Confidence reposed in the company. He recalled presenting the institution’s insurance risk profile on May 8, 2026, describing the signing of the two MoUs as the culmination of months of productive engagement.
He assured the University of the Company’s readiness to deliver quality insurance services and honour every legitimate obligation arising from the agreements.
The ceremony concluded with the formal signing of the two MoUs, marking the commencement of a comprehensive insurance programme expected to enhance student welfare, strengthen institutional resilience and provide greater financial security for AE-FUNAI in the face of unforeseen risks.
