NAICOM, FRSC team up to enforce motor Insurance

Barbara Bako, Abuja.

The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee to enforce compulsory third-party motor insurance across Nigeria.

In a statement by the commission, the event which was held on Tuesday in Abuja, marks a major step in implementing the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

It also underscores both institutions’ commitment to strengthening road safety, improving insurance compliance, and ensuring prompt compensation for accident victims.

Speaking during the inauguration, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, commended the FRSC for its leadership and partnership in driving the initiative.

He said the collaboration would deliver tangible benefits to Nigerians through effective enforcement of compulsory third-party motor insurance, integration of insurance and vehicle registration databases, enhanced protection for road accident victims, and increased public education on insurance obligations and consumer rights.

Mr. Omosehin explained that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to reform key sectors for inclusive national development.

In his remarks, the Corps Marshal of the FRSC, Shehu Mohammed, mni, said the partnership would significantly improve enforcement of compulsory motor insurance nationwide and enhance the welfare of road users.

He reaffirmed FRSC’s readiness to support the initiative through technology integration, data sharing, and field enforcement.

He described the partnership as a model of inter-agency collaboration that would not only help reduce road accidents but also enhance government capacity to provide prompt financial and medical support to victims.

He further noted that effective cooperation among public institutions is crucial for achieving national development goals and assured that the FRSC remains fully committed to ensuring the sustainability of the initiative.

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Presenting the Committee’s Terms of Reference, the Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, outlined its primary responsibilities, which include enforcing compulsory third-party motor insurance nationwide, reducing the number of uninsured vehicles, ensuring prompt compensation for accident victims, and promoting public awareness of insurance benefits and obligations.

The Committee is also tasked with enabling real-time digital verification of insurance status, supporting microinsurance for commercial drivers and passengers, and strengthening emergency response coordination.

Co-chaired by senior officials from both agencies—with NAICOM serving as the Secretariat—the Committee will coordinate joint field operations, public sensitization campaigns, and policy evaluation to improve compliance and consumer confidence.

In his closing remarks, the Commissioner for Insurance reiterated NAICOM’s commitment to sustained collaboration, stating:
“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.”

The inauguration ended with a joint declaration by the Commissioner for Insurance and the Corps Marshal, formally launching the NAICOM-FRSC Joint Committee, followed by a group photograph with senior executives and committee members.