The collapse of a three storey shopping mall at old Ojo road, near Alakija bus stop in Lagos penultimate week, has spelt the need for implementation of section 75 and 76 of NIIRA 2025 on compulsory builders’ insurance, writes Ebere Nwoji
The two incidences of building collapse in Alakija area of Lagos State and PortHarcourt area of River State the same day, Thursday June 25th, 2026 spells the need for speedy implementation of sections 75 and 76 of Nigeria Insurance Industry Reform Act NIIRA 2025 on compulsory builders’ insurance.
A three-story shopping complex collapsed on June 25, 2026, in Alakija area of Lagos State, killing nine people at the spot while 26 others were rescued with different degree of injuries.
The building, an over 30 year old shopping mall located along old Ojo road near Alakija bus stop is a public building housing different business out fits such as a cyber cafe, a photography studio, mobile phone repair shops, printing press / business centre, a cold room, retail shops and travel agency. It was said to have been marked for demolition years back due to obvious structural weakness of the building but was neglected by government agency in charge.
Similarly, the four storey building located along Peter Odili Road, Port Harcourt was said to be under construction before the unfortunate incident happened trapping several workers three of which were rescued shortly after.
