From left: Mr Olusegun Ayo Omosehin; Commissioner for Insurance National Insurance Commission and Mr. Olatunji Disu; Inspector General of Police.
BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) has strengthened its reform drive with the backing of the Nigeria Police Force, forging a strategic alliance to accelerate the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
The collaboration signals a coordinated push to enhance regulatory compliance, combat fraudulent insurance activities, and reinforce policyholder protection, as authorities move to deepen market discipline and restore confidence in the sector.
From left:Mr Ekerete Ola Gam-Ikon (Deputy Commissioner Finance and Administration National Insurance Commission) Mr. Olusegun Ayo Omosehin (Commissioner for Insurance National Insurance Commission), Mr. Olatunji Disu (Inspector General of Police), Dr Usman Jankara Deputy Commissioner Technical National Insurance Commission and Dr. Telmiz Usman ( Director; Legal, Enforcement and Market Development National Insurance Commission).
At a high-level engagement in Abuja, the Executive Management of NAICOM, led by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, met today in Abuja with the Inspector General of Police (IGP), Olatunji Disu, to discuss strategies for deepening collaboration on the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and its accompanying reforms.
The meeting centered on joint efforts to strengthen compliance across the insurance sector and ensure robust protection for policyholders nationwide. Both parties agreed that effective partnership is critical to building public trust, curbing illegal insurance practices, and enhancing service delivery within the industry.
Speaking at the session, the Commissioner for Insurance emphasized that NIIRA 2025 was enacted to modernize Nigeria’s insurance landscape, promote transparency, and safeguard the interests of millions of Nigerians who rely on insurance for financial security. He stressed that NAICOM cannot achieve full compliance and market discipline without the active support of law enforcement agencies.
In his response, the Inspector General of Police reaffirmed the commitment of the Nigeria Police Force to partner with NAICOM in tackling fraudulent activities, unauthorized insurance operations, and other violations of insurance laws. He assured that the Police will provide the necessary operational and legal backing to ensure offenders are brought to justice and policyholders’ rights are fully protected.
This strategic collaboration marks a significant step toward restoring public confidence in Nigeria’s insurance industry and ensuring safer, more transparent financial protection for citizens.
