Anyone driving without a Third Party Motor Insurance policy will face legal consequences, as the Nigeria Police Force has announced February 1, 2025, as the start date for nationwide inspection and enforcement to ensure compliance with the law.
This was announced when the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin paid a working visit to the Inspector-General of Police (IGP), Mr. Kayode Adeolu Egbetokun at the Force Headquarters in Abuja.
The Commissioner for Insurance seized the opportunity to congratulate the IGP on his notable achievements, particularly the recent license acquisition for the Police Insurance Company, and 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.
ALSO READ: New third party motor insurance premium: Costs and benefits
Also, Mr. 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 emphasised the need for a mass awareness campaign and education of the Nigeria Police Officers.
The IGP, in response, expressed his alignment with the position of the CFI, acknowledging the compulsory nature of third-party motor insurance in Nigeria.
Mr. Kayode Egbetokun emphasised that violating this law is punishable, yet unfortunately, only 30 percent of vehicles in the country are insured, and highlighted the numerous benefits of having insurance coverage, stressing the importance of protecting lives and property.
He urged drivers to obtain at least a third-party insurance cover for their vehicles before driving on Nigerian roads.
The IGP expressed the Police steadfastness in collaborating with all Ministries, Departments and Agencies (MDAs), and companies in ensuring the protection of lives and property of all residents.
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 of NAICOM, Senior Police Officers, and others, were present at the meeting.
AS we march into a new month today, let us call attention to the importance…
In life and even in death, Pa Samuel Ayodele Adebanjo remained a man of the…
With lack of access to career counseling and advisory largely contributing to unemployment in Africa,…
CONTINUING efforts to fulfil its mandate through strategic collaborations, the National Troupe of Nigeria (NTN)…
A few days ago, the Federal Inland Revenue Service (FIRS) ordered all banks in the…
A group christened 'Lawyers for the Cause of Bauchi (LAWBA)' has decried the "selective, partial…
This website uses cookies.