From Molly Kilete, Abuja
The Inspector-General of Police (IGP), Kayode Egbetokun, has announced February 1, 2025, as the commencement date for the enforcement of compulsory third-party insurance, which provides substantial benefits to all road users.
The IGP said this when he received the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, at the police force headquarters in Abuja.
He said 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 has therefore urged Nigerians to comply with these laws, as violations are punishable by imprisonment, fines, or both.
He said 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.
Omosehin, accompanied by management to management staff of NAICOM, had solicited the support of the Nigerian police 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 according to him, provides substantial benefits to all road users.
The Commissioner also congratulated the IGP on his significant achievements, particularly the establishment of the Police Insurance Bank Limited.
Force public relations officer Olumiyiwa Adejobi, in a statement, said, “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.