Sunday, August 3, 2025
Home Business THIRD-PARTY MOTOR INSURANCE : ENFORCEMENT OF BEGINS FEBRUARY 1- IGP.

THIRD-PARTY MOTOR INSURANCE : ENFORCEMENT OF BEGINS FEBRUARY 1- IGP.

The Inspector General of Police,  Kayode Egbetokun, has announced that  February 1, 2025,  third-party motor insurance will be fully enforced across the country.
The IGP made the statement when   the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission, Olusegun Ayo Omosehin paid him a working visit in his office at the force headquarters in Abuja.
 He says, the Third-party motor insurance covers damages or injuries caused to a third party by the driver or owner of a vehicle including property damage, medical expenses, and death.
However, it does not cover the policyholder’s injuries and vehicle damages.
It could be recalled that the previous visit of the commissioner, National Insurance Commission, Olusegun Ayo Omosehin was request for help enforcing all mandatory insurance policies. But this time, he focused only on third-party motor insurance and promised to offer the support required to guarantee the smooth implementation of third-party motor insurance nationwide.
The commissioner stressed the need for educating Nigerian police officers and launching a widespread awareness campaign in order to ensure the success of this endeavour.
In response, the IGP acknowledged that third-party auto insurance is required in Nigeria and stated his agreement with the CFI regarding insurance. He underlined that although breaching this regulation is illegal, barely 30 per cent of cars in the nation are insured.
The IGP urged residents to get at least third-party insurance coverage for their automobiles before driving on Nigerian roads, highlighting the many advantages of having insurance coverage and emphasising the value of preserving lives and property.
Omosehin commended the IGP for his accomplishments, especially the recent purchase of the Police Insurance Company’s licence.
RELATED ARTICLES

TINUBU EXTENDS CUSTOMS CG’S TENURE.

President Bola Tinubu has approved a one-year tenure extension for the Comptroller-General of the Nigeria Customs Service,  Bashir Adewale Adeniyi. Adeniyi was due to step...

NAICOM ISSUES GUIDELINES FOR INSURTECH OPERATIONS IN NIGERIA.

  The National Insurance Commission (NAICOM) has  issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement.    The guidelines, effective from August...

CDS REAFFIRMS ARMED FORCES’ COMMITMENT TO PEACE AND SECURITY IN NORTHERN NIGERIA, HIGHLIGHTS KEY ACHIEVEMENTS

  The Chief of Defence Staff (CDS), General Christopher Gwabin Musa, thas restated the commitment of the Armed Forces of Nigeria (AFN) to restoring peace...

Most Popular

WOMEN’S REPRESENTATION: KALU RALLIES SUPPORT FOR RESERVED SEATS BILL.

As Nigeria pushes forward with constitutional reforms, Deputy Speaker of the House of Representatives, Benjamin Kalu, is calling for national support for the Reserved...

NEITI UNVEILS BOLD FRAMEWORK  TO GUIDE NIGERIA’S ENERGY TRANSITION .

The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled a bold framework anchored on three interconnected pillars to guide Nigeria’s energy transition and climate...

TINUBU EXTENDS CUSTOMS CG’S TENURE.

President Bola Tinubu has approved a one-year tenure extension for the Comptroller-General of the Nigeria Customs Service,  Bashir Adewale Adeniyi. Adeniyi was due to step...

HEPATITIS: FCTA TO LAUNCH SCREENING OF FOOD HANDLERS.

  In its bid to safeguard public health and food security in the Federal Capital Territory (FCT), the FCT Administration (FCTA) will soon commence a...

Recent Comments