Fire which lasted for over 10hours gutted a section of the 35year old, 20 storey NIDB House. Two fire outbreaks on the 7th and 8th floor were experienced in the recent past. Following a heavy rainstorm on 22nd March 2006, a top portion of the building collapsed, killing at least two persons and injuring about 20. 50% of the upper most eight floors collapsed and crashed onto the 12th floor slab level with the massive Braithwaite roof water storage tank crashing to the ground floor. The location and height of the building presented a major challenge for safe demolition requiring expertise from abroad. Features of this loss will also challenge the responsiveness of the insurance cover(s) to the various losses.

At about 1.30am, fire of electrical origin, starting from the 11th floor of the 13-Storey Stallion House razed several offices occupied by a number of major companies. The generators were switched on after NEPA outage and a spark was noticed at the upper floor. An explosion rocked the generator room spreading fire through the cables to several of the upper floors. On March 15, 2006, a major oil marketer Co-Owner of the building published temporary relocation notice.

9 expatriate oil workers with WILBROS on SPDC Forcados Pipeline Project were abducted by ethnic militia members of the Movement for the Emancipation of the Niger Delta (MEND). 6 of them were released on March 1 after 11 days, while the remaining 3 spent 37 days in hostage custody in the creeks. They were released on 27th March 2006.

Collapse of Idundu Bridge in Akpabuoyuo Local Government Area of Cross River State cuts off road transportation between Nigeria and Cameroon from that axis.

117 passengers (expatriates and several prominent Nigerians) died in the ill fated crash of a Saturday evening Bellview flight from Lagos to Abuja about 5 minutes after take-off. Apparently, the weekend had been disaster destined as Chief Mrs. Stella Obasanjo, wife of Nigerian President died in Spain as a result of complications from a surgery the same weekend.

At 0751 hrs; three cubicles of the 33KV Switchgear Board were severely damaged by intense internal fire, heat and smoke. Damage to cables and panels resulted in major business interruption to on-going construction project. Initial loss estimate was put at US $5million.

Discovery of defective stainless steel welds in a liquefied natural gas plant in Nigeria resulted in the need to re-examine and carry out necessary repairs of about US$ 25million.

Petroleum products pipeline fire at Jesse, Delta State caused by alleged vandalisation of pipelines resulted in the loss of over 1000 lives. The neighbouring communities however sited old age of pipelines, corrosion and lack of maintenance for the failure.