L-R. Mr Ekerete Ola Gam-Ikon (Deputy Commissioner Finance and Administration National Insurance Commission) Mr. Olusegun Ayo Omosehin (Commissioner for Insurance National Insurance Commission), Mr. Olatunji Disu (Inspector General of Police), Dr Usman Jankara Deputy Commissioner Technical National Insurance Commission and Dr. Telmiz Usman ( Director; Legal, Enforcement and Market Development National Insurance Commission).
The National Insurance Commission (National Insurance Commission (NAICOM)) and the Nigeria Police Force have agreed to deepen institutional collaboration aimed at strengthening enforcement of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, as part of renewed efforts to sanitise the country’s insurance sector and boost public confidence.
This commitment was reached during a high-level strategic meeting held in Abuja between the Commissioner for Insurance, Mr Olusegun Ayo Omosehin, and the Inspector General of Police, Olatunji Disu.
The engagement focused on building a stronger enforcement framework to tackle illegal insurance operations, reduce fraud, and ensure full compliance with the newly enacted NIIRA 2025, which is expected to modernise Nigeria’s insurance industry architecture.
Stronger Enforcement Framework in Focus
At the centre of discussions was the need for coordinated regulatory and security interventions to eliminate unlicensed operators, enforce underwriting standards, and protect policyholders from exploitative practices.
Both institutions agreed that the success of NIIRA 2025 will depend largely on effective inter-agency collaboration, particularly in enforcement, intelligence sharing, and prosecution of offenders.
The Commissioner for Insurance, Mr Omosehin, described the reform law as a “critical turning point” for the Nigerian insurance sector, noting that it is designed to enhance transparency, strengthen governance structures, and expand insurance penetration across the country.
He stressed that NAICOM alone cannot achieve full market discipline without the active participation of security agencies in identifying and prosecuting violators.
Police Pledge Operational Support
In response, the Inspector General of Police reaffirmed the readiness of the Nigeria Police Force to support NAICOM in its regulatory enforcement drive.
He pledged that the Police would intensify efforts to clamp down on insurance fraud, illegal underwriting activities, and other breaches of insurance laws, while ensuring that offenders are brought to justice in accordance with due process.
The IGP further assured that the Force would provide operational backing where necessary, including intelligence support and investigative collaboration to strengthen enforcement outcomes.
Strengthening Public Trust in Insurance
Industry observers note that the collaboration marks a significant milestone in efforts to rebuild trust in Nigeria’s insurance ecosystem, which has faced challenges around low penetration, weak enforcement, and fraudulent practices.
By aligning regulatory authority with law enforcement capacity, stakeholders believe the partnership could significantly improve compliance levels, protect consumers, and enhance the credibility of insurance products in the country.
The NIIRA 2025 reform is widely expected to reshape Nigeria’s insurance landscape by introducing stronger governance standards, expanding market reach, and ensuring better protection for policyholders nationwide.
NAICOM and the Nigeria Police Force have strengthened their partnership to enforce the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The collaboration aims to tackle insurance fraud, eliminate illegal operators, and improve regulatory compliance across the sector. Commissioner for Insurance Olusegun Ayo Omosehin and IGP Olatunji Disu reaffirmed their commitment to safeguarding policyholders and restoring public trust in Nigeria’s insurance industry.
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