The Inspector-General of Police (IGP), Kayode Adeolu Egbetokun Ph.D, NPM, has called on Nigerians to respect the law and policy of third-party insurance and announced February 1, 2025, as the commencement date for the enforcement of the relevant laws.
He stated 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 added that Nigerians should comply with these laws, as violations are punishable by imprisonment, fines, or both.
IGP Egbetokun disclosed this on Friday, January 10, 2025, while playing host to the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin and his team.
The NAICOM boss was accompanied by 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 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.
According to the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the IGP affirmed the importance of third-party insurance in his remarks and announced February 1, 2025, as the commencement date for enforcing the relevant laws.
He further stated 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 remains steadfast in collaborating with all MDAs and companies to ensure that the protection of lives and property of all citizens of the Federal Republic of Nigeria remains paramount.
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