Man demands N40bn from Lagos govt, FBN Holdings over alleged intellectual property theft

An insurance broker resident in Lagos, Olayiwola Rotimi Inyang has accused the Lagos State Government and his former employers, FGB General Insurance Limited, an arm of the FBN Holdings Limited, of stealing and implementing his idea.

He has therefore demanded for compensation to the tune of N40 billion from both entities for alleged intellectual property theft.

According to Inyang, he developed two money spinning proposals for Lagos State government, which he said are already being implemented without recourse to him.

Inyang, who spoke to our correspondent, claimed he was defrauded intellectually by the Lagos State Government with FBN General Insurance.

Inyang, a former commissioned insurance marketer with FBN General Insurance, claimed that he is the brains behind the concepts of Compulsory Private Building Insurance Scheme and Compulsory Health Insurance Scheme being used by the Lagos State Government, which he said were adopted towards the expansion of state government’s revenue generation capacities.

The distraught Nigerian further said that as a commissioned agent with FBN General Insurance, he routed the concepts and proposals through the insurance company, with the accompanying letter and proposals jointly handled by him and the Insurance firm’s managing director, Mr. Bode Opadokun.

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“I came up with the concept for the Compulsory Private Building Insurance Scheme and Compulsory Health Insurance Scheme that the Lagos State government is currently running with the FBN General Insurance.

“Unfortunately, both the state government and FBN General Insurance, fraudulently connived to steal my intellectual properties, act on the concepts and are making huge sums of money from them now without recourse to me and payment of any compensation,” he claimed.

Speaking further, Inyang said all efforts to establish the truth about his ownership of the concept despite funny moves by FBN General Insurance, have not brought any positive change though, he claimed the truth was acknowledged by the state government through some of its top officials.

He also claimed that the Lagos State Government admitted that the insurance company merely made use of him and tactically offloaded him from the project that he initiated.

“Despite the thorough investigation and the establishment of the truth beyond every reasonable doubt by the current Deputy Governor, His Excellency Kadri Obafemi Hamzat, from the former Commissioner for Special Duties and Intergovernmental Relations, Oluseye Oladejo, of the administration of former Governor Akinwumi Ambode, who oversaw the agency (the Lagos State Safety Commission), who took up this conceptualized project of mine, pursuant to the revealing information I was given by the former Commissioner for Finance, Akinyemi Ashade Jeremiah, via telephone conversation on September 21, 2017.