The National Insurance Commission (NAICOM) and Nigerian Police Force (NPF) have again reiterated a total commitment in the enforcement of compliance with the Third Party Motor Insurance across the country.
This comes on the backdrop of the Police announcement on Friday, 10th January, 2025 to commence crackdown on motorist without genuine insurance policy nationwide effect from February 1, 2025.
A fallout of the visit by Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance and Chief Executive Officer (CFI/CEO) of the NAICOM who paid a working visit Mr . Kayode Adeolu Egbetokun the Inspector General of Police at the Force Headquarters, the CFI pledged to provide the necessary support to ensure seamless enforcement of third-party motor insurance across the country.
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Congratulating the IGP on his notable achievements, particularly the recent licence acquisition for the Police Insurance Company, he reminded the IGP of his earlier request for assistance in enforcing all compulsory insurance policies, but this time narrowed his focus on Third-Party Motor Insurance.
Omosehin pledged to provide the necessary support to ensure seamless enforcement of third-party motor insurance across the country.
To guarantee the success of this initiative, the CFI emphasized the need for a mass awareness campaign and education of the Nigeria Police Officers.
In response, the IGP expressed his alignment with the CFI for insurance, acknowledging the compulsory nature of third-party motor insurance in Nigeria.
He emphasized that violating this law is punishable, yet unfortunately, only 30per cent of vehicles in the country are insured.
The IGP highlighted the numerous benefits of having insurance coverage, stressing the importance of protecting lives and property. He urged citizens to obtain at least a third-party insurance cover for their vehicles before driving on Nigerian roads.
To ensure compliance, the IGP announced that full enforcement of third-party motor insurance will commence on February 1, 2025.
Present at the meeting was the Deputy Commissioner, Technical, Dr. Usman Jankara, the Deputy Commissioner Finance and Administration, Mr. Ekerete Ola Gam-Ikon, Director Legal, Enforcement & Market Development, Dr. Talmis Usman, Director of Inspectorate, Mr. Bankole Ajebola, Senior Police Officers, and others.
