DANA CRASH: RELATIVES OF VICTIMS TO RECEIVE N2.48B IN COMPENSATION

The insurance companies that insured the Dana Aircraft that crashed in Lagos on June 3, is expected to pay N2.48bn in compensation to relatives of the 153 passengers who died in the accident. Each passenger of the ill-fated plane was insured for $100,000, while each of the four cabin crew members and two pilots were insured for $150,000 and $250,000 respectively.

This means the family of each of the passengers will get $100,000 or about N15.7m, for the four crew members, their families will get N23.55m each, while the respective families of the pilot and the co-pilot will be given N39.25m each, totaling about N2.48b

The compensation will be paid upon verification of the rightful beneficiaries.

I really hope this gets done on time 'cos knowing Nigeria, they will drag  the process for so long until the beneficiaries give up.