BY NKECHI NAECHE- ESEZOBOR–The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun, on Friday announced February 1, 2025, as the commencement date for the enforcement of third party motor insurance policy in Nigeria.
The IGP disclosed this when the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin and his team paid him a visit today in Abuja.
He affirmed the importance of third-party insurance, noted that Section 68 of the Insurance Act and Section 312 of the 1945 Motor Vehicle (Third Party Insurance) Act mandate that all vehicle owners possess third-party insurance before operating their vehicles on public roads.
He urged Nigerians to comply with these laws, as violations are punishable by imprisonment, fines, or both.
He noted that the NPF remains steadfast in collaborating with all MDAs and companies in ensuring that the protection of lives and property of all citizens of the Federal Republic of Nigeria remains paramount.
Earlier, the Commissioner congratulated the IGP on his significant achievements, particularly the establishment of the Police Insurance Bank Limited.
He emphasized the need for the police’s assistance in ensuring public compliance with insurance laws.
He also requested the Nigeria Police Force’s support in the nationwide enforcement of compulsory third-party insurance, which provides substantial benefits to all road users.
