By Adetokunbo FAKEYE
Nigeria – The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun Ph.D, NPM, today, January 10, 2025, announced February 1, 2025, as the commencement date for the enforcement on third-party insurance policy for vehicle owners.
IGP, according to the NPF spokesman, ACP Olumuyiwa Adejobi stated this in his remarks when he received the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin and team, which comprises, Dr. Usman Jankara, Deputy Commissioner (Technical); Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner (Finance and Administration); Dr. Talmiz Usman, Director (Legal, Enforcement, and Market Development); Mr. Ajibola Bankole, Director (Inspectorate); Mr. Taiwo Babatola Adeoye, Special Assistant to the Commissioner for Insurance; and other members of NAICOM.
The police boss, affirmed the importance of third-party insurance policy, adding 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.
The NPF, he said, 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.
The Insurance 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.
