Former National Insurance Company Limited (NICL) chairman and absconder in the NICL scam, Ayaz Khan Niazi, has surrendered, report said on Tuesday. Earlier yesterday, according to reports, Niazi offered the Federal Investigation Agency (FIA) his conditional arrest through his lawyer. According to sources, Ayaz owns a nightclub in Dubai and is a close friend of a Pakistan influential personalitys son. According to FIA sources, Ayaz Khan Niazis counsel, Hafeez Peerzada, proposed to the FIA authorities that if Ayazs family is not bothered with repeated raids, he will appear to face an inquiry. FIA lawyers discussed the proposal and rejected the offer, said the sources. Nine of the 12 accused in the NICL scam have already been arrested while raids are being conducted to arrest the remaining three.