The National Insurance Commission and the Federal Road Safety Corps have inaugurated a Joint Committee on the enforcement of compulsory Third-Party Motor Insurance.
In a statement on Wednesday, NAICOM revealed that the joint committee was set up at a ceremony held at its headquarters in Abuja.
The PUNCH reports that the issue of a joint committee had been raised at a meeting held earlier in the month, with a decision made to inaugurate the committee, which would be tasked with the enforcement of proper insurance coverage and address cases of fake insurance policies.
NAICOM affirmed that the joint committee marked a major step in the implementation of the provisions of the Nigerian Insurance Industry Reform Act 2025 and reinforces both institutions’ shared commitment to strengthening road safety, promoting insurance compliance, and ensuring prompt compensation for accident victims.
Speaking during the inauguration, the Commissioner for Insurance, Mr Olusegun Omosehin, commended the FRSC for its leadership and partnership in driving this initiative.
He noted that the collaboration would deliver concrete benefits to Nigerians through “effective enforcement of compulsory Third-Party Motor Insurance; integration of insurance and vehicle registration databases, enhanced protection and compensation for road accident victims; and increased public education on insurance obligations and consumer rights.”
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Mr Omosehin emphasised that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, aimed at reforming key sectors for inclusive national development.
“This partnership is not a one-off event. We are open to continuous feedback, regular evaluation, and the integration of new ideas as we move forward. Fewer road accidents, more insured motorists, and stronger public confidence in insurance will be among the key outcomes,” Omosehin added.
In his remarks, the Corps Marshal of the FRSC, Shehu Mohammed, noted that the partnership would significantly improve the enforcement of compulsory motor insurance nationwide and enhance the welfare of road users. The Corps Marshal reaffirmed FRSC’s readiness to support this initiative through technology integration, data sharing, and field enforcement.
He described the partnership as a model of inter-agency synergy that would not only reduce road accidents but also enhance the government’s capacity to provide prompt financial and medical support to victims. He further emphasised that collaboration among public institutions is crucial for achieving national development goals and assured that FRSC remains fully committed to ensuring the sustainability of this initiative.
While presenting the Joint Committee’s Terms of Reference, the Deputy Commissioner for Insurance, Mr Ekerete Gam-Ikon, highlighted the Committee’s primary responsibilities to include “enforce compulsory Third-Party Motor Insurance nationwide, reduce the number of uninsured vehicles in Nigeria, ensure prompt compensation and medical support for accident victims, promote awareness of the benefits and obligations of insurance, enable real-time verification of insurance status through digital integration, support microinsurance development for commercial drivers and passengers and strengthen emergency response coordination during the ‘golden hour’.” Co-chaired by senior officials from both agencies, with NAICOM serving as Secretariat, the Committee will coordinate joint field operations, public sensitisation campaigns, and continuous policy evaluation to improve compliance and consumer confidence.
