NAICOM, NPF Launch Joint Committee on Compulsory Insurance Enforcement.

Ebere Nwoji

The National Insurance Commission(NAICOM) and the Nigeria Police Force (NPF), have inaugurated a joint committee on enforcement of compulsory insurance laws. 

Speaking at the inaugural meeting in Abuja, the Commissioner for Insurance, Mr Ayo Omosehin, said the development was collaborative move of by the duo to strengthen insurance compliance in the country and the announcement by the Inspector General of Police on the enforcement motor of vehicle insurance effect from February  1, 2025, 

Represented by the Deputy Commissioner for Insurance, Finance and Administration Mr. Ekerete Ola Gam-Ikon, he  said one of the objectives of the committee inauguration was to develop and implement strategies for enforcing compulsory insurances in Nigeria.

The Police Force team was led by DCP Mallum Maina.

According to NAICOM, other objectives of the committee were  to ensure compliance with compulsory insurance policies as mandated by the Insurance Act and other related laws.

The committee was also to foster synergy and collaboration between NAICOM and NPF, provide training and capacity-building programs for personnel of both organisations on compulsory insurances among others.

NAICOM, highlighted the scope of operation of the committee as evaluating  existing challenges in enforcing compulsory insurances and propose solutions, developing protocols for joint enforcement operations of compulsory insurances, recommending  policy reforms to strengthen insurance compliance, undertake public sensitisation programs on compulsory insurances, develop training programs for personnel of both organisations on compulsory insurances.

The commission said the joint committee’s inauguration marked a significant step towards ensuring that all vehicle owners comply with compulsory insurance laws. “This collaboration aims to promote a safer and more secure environment for all road users”, the committee stated.

To ensure seamless enforcement and as part of the inauguration, Gam- Ikon referred the Committee to some key tools, including the Insurance Act 2003, the Inspector General’s speech on Third-Party Motor Insurance enforcement, list of licensed insurance companies authorised to conduct motor business and NAICOM USSD code for verification of  insurance policy, or visit its websites to verify any motor insurance certificate and to purchase genuine Third-Party Motor insurance, respectively. 

According to the commission, with this joint committee in place, NAICOM and the NPF are poised to make a significant impact on insurance compliance in Nigeria.