NAICOM, Police Forge Strategic Partnership On NIIRA Implementation, Industry Reforms
By Sunday Etuka
The National Insurance Commission (NAICOM), and the Nigeria Police Force have deepened partnerships on the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and its accompanying reforms.
The partnership was reinforced on Wednesday when the Executive Management of NAICOM led by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, met with the Inspector General of Police (IGP), Olatunji Disu, in Abuja.
The meeting, according to a statement by NAICOMN, centered on joint efforts to strengthen compliance across the insurance sector and ensure robust protection for policyholders nationwide. Both parties agreed that effective partnership is critical to building public trust, curbing illegal insurance practices, and enhancing service delivery within the industry.
The statement said while speaking at the session, the Commissioner for Insurance emphasized that NIIRA 2025 was enacted to modernize Nigeria’s insurance landscape, promote transparency, and safeguard the interests of millions of Nigerians who rely on insurance for financial security.
He stressed that NAICOM cannot achieve full compliance and market discipline without the active support of law enforcement agencies.
In his response, the Inspector General of Police reaffirmed the commitment of the Nigeria Police Force to partner with NAICOM in tackling fraudulent activities, unauthorized insurance operations, and other violations of insurance laws.
He assured that the Police will provide the necessary operational and legal backing to ensure offenders are brought to justice and policyholders’ rights are fully protected.
This strategic collaboration marks a significant step toward restoring public confidence in Nigeria’s insurance industry and ensuring safer, more transparent financial protection for citizens.
