The recent announcement by the Inspector General of Police, Kayode Egbetokun, underscores the importance of compliance with Nigeria’s insurance laws.
Beginning February 1, 2025, the Nigeria Police Force will ramp up enforcement efforts to ensure that all vehicles on the nation’s roads possess valid third-party insurance coverage.
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This move comes as part of a collaborative initiative with the National Insurance Commission (NAICOM), led by Commissioner Olusegun Ayo Omosehin.
Nigerian Police to Enforce Vehicle Insurance Laws from February
The initiative aims to address the alarmingly low rate of compliance with third-party insurance requirements. According to the Nigeria Insurance Association, less than 30% of vehicles on Nigerian roads are insured.
This presents significant risks for road users, as third-party insurance is designed to provide essential protections for damages and injuries sustained during accidents.
The enforcement is backed by existing legislation: Section 68 of the Insurance Act and Section 312 of the 1945 Motor Vehicle (Third Party Insurance) Act.
These laws mandate that vehicle owners must secure valid third-party insurance before operating on public roads. Violations could result in penalties, including imprisonment, fines, or both.
Third-party insurance ensures financial compensation for accident-related damages and injuries, fostering a safer and more accountable driving environment. The initiative also highlights the broader efforts of the Nigeria Police Force to safeguard lives and property through collaborative efforts with other agencies and the private sector.
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Inspector General Egbetokun has urged Nigerians to comply promptly with these legal requirements to avoid punitive measures. He reassured the public of the Police Force’s commitment to upholding the rule of law while working to protect citizens’ welfare.
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This enforcement drive is a critical step towards a more organized and secure road network in Nigeria. Vehicle owners are advised to confirm and renew their insurance policies to align with the law before the February 1 deadline.