Posted by Samuel on Sat 11th Jan, 2025 - tori.ng
The IGP 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.
Kayode Egbetokun, the Inspector-General of Police (IGP), has announced February 1, 2025, as the commencement date for the enforcement of third-party insurance for vehicle owners.
The IGP 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.
The police boss made the announcement on Friday when he received the Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin and his team in Abuja.
According to a statement issued by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, the IGP, who urged Nigerians to comply with the laws, threatened that violations of the laws are punishable by imprisonment, fines, or both.
Adejobi stated, “The the IGP affirmed the importance of third-party insurance and announced February 1, 2025, as the commencement date for the enforcement of the relevant laws.
“The IGP 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 in ensuring that the protection of lives and property of all citizens of the Federal Republic of Nigeria remains paramount.”