Barbara Bako, Abuja.
The National Insurance Commission (NAICOM) has intensified efforts to boost compliance with compulsory insurance laws by partnering with the Nigeria Police Force (NPF) to strengthen enforcement against fake insurance certificates and expand insurance coverage across the country.
The move, which comes amid implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, is expected to improve insurance penetration, protect policyholders and strengthen confidence in the insurance market.
As part of the initiative, NAICOM organised a one-day training for officers of the Nigeria Police Force, Federal Capital Territory (FCT) Command in Abuja to enhance their capacity to verify genuine Motor Third-Party Insurance certificates and enforce compliance with compulsory insurance policies.
Speaking on behalf of the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, Mr. Ekerete Ola Gam-Ikon said stronger collaboration between NAICOM and the police is critical to reducing the number of uninsured vehicles on Nigerian roads, combating fake insurance certificates and improving regulatory compliance.
He said insurance remains an important economic safety net that protects individuals, businesses and public institutions against financial losses arising from accidents, disasters and other unforeseen risks.
According to him, the collaboration aligns with the objectives of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and NAICOM’s drive to deepen insurance penetration and improve compliance with compulsory insurance laws nationwide.
Gam-Ikon noted that police officers, through their routine interactions with motorists, business owners and the public, are strategically positioned to support enforcement efforts and promote greater awareness of compulsory insurance.
He said effective enforcement would not only protect road users but also reduce the financial burden associated with accidents while enhancing public confidence in Nigeria’s insurance industry.
The training exposed officers to insurance policy verification procedures, methods of identifying genuine insurance certificates and the legal framework governing Motor Third-Party Insurance and other compulsory insurance policies.
NAICOM said the programme forms part of its broader strategy to strengthen collaboration with law enforcement agencies and other stakeholders to improve compliance, discourage the use of fake insurance certificates and enhance the insurance sector’s contribution to economic growth, social stability and financial protection.
The Commission urged police officers to champion compliance with compulsory insurance laws and promote insurance as a vital tool for safeguarding lives, property, investments and livelihoods.
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