Mohamed Garba
The Inspector-General of Police, Kayode Adeolu Egbetokun, has announced that the Nigeria Police Force will begin enforcing the third-party motor insurance policy nationwide starting February 1, 2025.
This decision was made public during a meeting with the Commissioner for Insurance, Olusegun Ayo Omosehin, and his team in Abuja.Egbetokun emphasized the importance of third-party insurance, citing Section 68 of the Insurance Act and Section 312 of the 1945 Motor Vehicle (Third Party Insurance) Act, which require all vehicle owners to possess third-party insurance before operating on public roads.
Failure to comply will result in punishment, including imprisonment, fines, or both.Earlier, the Commissioner congratulated the IGP on his significant achievements, particularly the establishment of the Police Insurance Bank Limited. He emphasised the need for the assistance in ensuring public compliance with insurance laws.
He also requested for support in the nationwide enforcement of compulsory third-party insurance, which provides substantial benefits to all road users.
The Commissioner for Insurance congratulated the IGP on his achievements, particularly the establishment of the Police Insurance Bank Limited. He requested assistance in ensuring public compliance with insurance laws and support for nationwide enforcement of compulsory third-party insurance, which benefits all road users.
To ensure a smooth enforcement process, the insurance sector is expected to play a crucial role. This includes educating the public about the importance of third-party insurance, providing support for awareness campaigns, and ensuring that insurance companies sell policies at statutory approved rates.
