The Nigerian Police recently commenced the enforcement of third-party vehicle insurance, with defaulters likely to pay up to N250,000 if caught.
This enforcement seems to be more effective in Lagos, Akwa Ibom and Edo states, while the Federal Road Safety Corps (FRSC) and the Nigeria Police in Anambra, Ebonyi and Enugu states have urged motorists to ensure compliance with the Third Party Vehicle Insurance or face the wrath of the law.
In December 2022, the National Insurance Commission (NAICOM) raised third-party premium insurance rates for motorists from N5,000 to N15,000.