Its a new era for the Nigeria Police enforcement of 3rd Party Motor Insurance cover and follow through for all compulsory insurances as is required by enacted Act. The DIG Operations will oversee the enforcement an all new development by the Police.
From now there would be no crumbled disposition to Police enforcement this was the assurance received by the Commissioner for Insurance/CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, when he paid a courtesy visit to the Inspector General of Police, Kayode Adeolu Egbetokun, Ph.D., NPM, at Louis Edet House, Force Headquarters, Abuja on Tuesday, 11th June, 2024.
The visit to seek Police firm hands on the enforcement plough, reinforced that the IGP and the management of the Nigerian Police Force (NPF) are critical stakeholders aligned with NAICOM’s vision, to achieve its mandate, particularly in the area of compulsory insurance enforcement.
On this the Commissioner for Insurance requested collaboration to advance the Nigerian insurance sector roadmap.; emphasising that it is unlawful for individuals to drive on the road without valid motor insurance (3rd party),. Advancing a new fashion of enforcement he said that less than a quarter of the vehicles have valid motor insurance. This state of 3rd party motor insurance CFI stated make collaboration with Nigeria Police necessary for enforcement of compulsory 3rd party motor insurance, as mandated by law.
The CFI also highlighted that in 2023, the ECOWAS Brown card has been captured in the upgraded premium for 3rd party motor insurance cover by NAICOM, allowing insured vehicles to travel across the West African sub-region. Additionally, he noted that the benefits attached to the 3rd party insurance had been increased to N3 million.
To further this initiative, the CFI underscored the need for digitisation platforms to authenticate the validity of vehicle insurance. He mentioned that this system is already being implemented by the Lagos State government.
The CFI requested the establishment of a team to collaborate with the Commission in conducting enforcement actions, asserting that the success of this initiative would be a significant achievement for Nigeria.
In response, the IGP assured the CFI of the Nigerian Police Force’s full support in enforcing compulsory 3rd party insurance. He announced that a team, headed by the DIG Operations, would be set up to oversee the enforcement of compulsory insurance.
