Third-Party Motor Insurance Enforcement: Beating the Deadline in Two Minutes

February is a month dedicated to celebrating love worldwide, and this year will be no exception.

The excitement surrounding St. Valentine’s Day is already in the air.

However, in Nigeria, the situation may become tough love, especially for the 70% of car owners who drive on the country’s roads and highways without valid third-party motor insurance, as mandatorily required by Section 68 of the Insurance Act, 2003.

Insurance Act requires that no person shall use, or cause or permit any other person to use, a motor vehicle unless such a motor vehicle is insured against damage to the property of third parties.

The Nigerian authorities recognise that, despite good intentions and driving expertise, other road users depend on the responsible actions of drivers and the vehicles they operate. To protect these individuals from the risks involved in road usage—such as accidental damage to their vehicles or properties nearby, as well as the financial implications of treating injuries caused…

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Third-Party Motor Insurance Enforcement: Beating the Deadline in Two Minutes

 

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