NAICOM partners with police and other agencies to implement NIIRA

Ebere Nwoji

The National Insurance Commission (NAICOM) says it is leaving no stone unturned in its effort to fully implement the Nigerian Insurance Industry Reform Act (NIIRA 2025) and to protect the public from fraudulent activities of counterfeit insurance institutions.

To that end, the commission indicated that it is currently working together with the police and engaging members of the Association of Registered Insurance Agents (ARIAN) to ensure the Act’s implementation.

Recently, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, met with the Inspector General of Police (IGP), Olatunji Disu, to discuss strategies for deepening collaboration on the implementation of NIIRA 2025 and its accompanying reforms.

During the meeting, Commissioner Omosehin noted that NIIRA 2025 was enacted to modernise Nigeria’s insurance landscape, promote transparency, and safeguard the interests of millions of Nigerians who rely on insurance for financial security. He emphasized that NAICOM could not achieve full compliance and market discipline without the active support of law‑enforcement agencies.

In his response, Disu reaffirmed the Nigeria Police Force’s commitment to partner with NAICOM, assuring that the police would provide the operational and legal support needed to bring offenders to justice and fully protect policyholders’ rights.

In a related development, NAICOM and ARIAN recently agreed to strengthen collaboration to enforce NIIRA 2025 and protect insurance consumers.

NAICOM, at the meeting, reiterated its dedication to bolstering enforcement of the NIIRA 2025 framework and safeguarding Nigerian insurance consumers from unauthorised and predatory practices through strategic engagement with ARIAN.