• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Thursday, July 23, 2026
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Insurance

NAICOM, EFCC Converge To Stamp Out Financial Crime In Insurance Sector

Nwanne Ikemefune by Nwanne Ikemefune
November 18, 2024
in Insurance
0 0
0
NAICOM, EFCC Converge To Stamp Out Financial Crime In Insurance Sector
0
SHARES
44
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The National Insurance Commission and the The Management of the Economic and Financial Crimes Commission EFCC, have teamed up to combat money laundering, fraud and other financial crimes in the insurance industry.

This follows from the visit of the Commissioner for Insurance Mr. Olusegun Ayo Omosehin to the Chairman of the EFCC Mr. Olu Olukoyede mid last week in Abuja. The CFI in his remark stated that the visit was aimed at strengthening collaboration and partnership between NAICOM and the EFCC in combating money laundering, fraud and other financial crimes that are affecting the growth of the insurance sector.

He expressed confidence and optimism that the new leadership of the EFCC under Mr. Ola Olukoyede will continue to provide necessary support to NAICOM to continue to strengthen and sanitise the Nigerian Insurance Industry.

The EFCC Chairman, Mr. Olu Olukoyede in his response thanked the Commissioner for Insurance and members of his team for the visit and assured them of EFCC’s full support in the ongoing effort by NAICOM to strengthen and sanitise the sector, preventing financial crimes and ensuring protection of policyholder’s interests and rights. He stated that that the insurance sector has great potentials for growth looking at other countries where insurance drives their economy.

The EFCC Chairman Olukoyede, said support for financial regulators is its unwavering commitment in monitoring regulated entities and investigating financial crimes and the insurance sector is within this policy wrap.

He assured the CFI that the EFCC would insulate the insurance sector from rogue activities, ensuring stability and sanity and this he stated would require upgraded dimension of the department overseeing banking and insurance activities, giving special attention to the insurance sector.

Their shared view was that it was time to make the crucial step towards creating a more secure and stable insurance sector in Nigeria by working together and sharing information, that would effectively sanitize the industry and ensure the achievement of their mandates.

Previous Post

Heirs Insurance Group Achieves ISO Certification For Secure Digital Channels

Next Post

Regulators, Operators Set For Business Journal Annual Lecture 2024

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Leadway Advocates Safety First as Nigerians Embrace The New Year
Insurance

Leadway Assurance, Insurtainment Penetrate Nigeria’s Creative Sector With Inaugural Policy And Industry Forum

July 23, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi
Insurance

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative
Insurance

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Next Post
Regulators, Operators Set For Business Journal Annual Lecture 2024

Regulators, Operators Set For Business Journal Annual Lecture 2024

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase, But Momentum To Wane: Fitch

April 17, 2026
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
NAICOM logo

National Insurance Regulatory Commission Replaces NAICOM in Senate Bill Change of Name

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Sovereign Trust Insurance Plc MD/CEO Mantle Falls on Durojaiye

Beyond Basic Third-Party Insurance: Why Every Motorist Should Consider Enhanced Cover

July 20, 2026
Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

July 20, 2026
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

LeadwayPensure Urges All Income Earners to Make Early Retirement First Line Charge, Implores Laggards to Join

July 19, 2026
Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

July 19, 2026
NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

July 18, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Knocks Unyielding Niger Insurance Directors For Misleading Actions

July 18, 2026

Recent News

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
NAICOM logo

National Insurance Regulatory Commission Replaces NAICOM in Senate Bill Change of Name

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Sovereign Trust Insurance Plc MD/CEO Mantle Falls on Durojaiye

Beyond Basic Third-Party Insurance: Why Every Motorist Should Consider Enhanced Cover

July 20, 2026
Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

July 20, 2026
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

LeadwayPensure Urges All Income Earners to Make Early Retirement First Line Charge, Implores Laggards to Join

July 19, 2026
Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

July 19, 2026
NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

July 18, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Knocks Unyielding Niger Insurance Directors For Misleading Actions

July 18, 2026
Image Spin: 53rd CIIN President, Orimolade Takes The Helm

Image Spin: 53rd CIIN President, Orimolade Takes The Helm

July 18, 2026
Insurance Industry Gets National Assembly Priority Nod For Its Ranking as Foremost Risk Carrier, Economy Developer

Insurance Industry Gets National Assembly Priority Nod For Its Ranking as Foremost Risk Carrier, Economy Developer

July 18, 2026
14 Days to Drop Recapitalisation Curtain, NAICOM Remains Firm on Compliance

14 Days to Drop Recapitalisation Curtain, NAICOM Remains Firm on Compliance

July 17, 2026
Collaboration Between Agriculture And Insurance Sectors Enter Into Policy Formulation Phase

Collaboration Between Agriculture And Insurance Sectors Enter Into Policy Formulation Phase

July 16, 2026
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In