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Leadway Lists Benefits Of Compulsory Motor Insurance Policy

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With the nationwide enforcement of compulsory third-party motor insurance now in effect, Mrs. Kikelomo Fischer, Chief Risk Officer at Leadway Group, stressed the critical importance of compliance with the directive as announced by the Inspector General of Police, Mr. Kayode Egbetokun.
This enforcement, a collaboration between the National Insurance Commission (NAICOM) and the Nigeria Police Force (NPF), ensures compliance with Section 68 of the Insurance Act of 2003, which mandates valid third-party insurance for vehicles.
Mrs. Fischer highlighted the policy as an essential protection for all road users, including pedestrians, by fostering accountability, enhancing road safety, and providing financial coverage for accidents. She expressed concern over the low compliance rate, with only 30% of vehicle owners currently insured, and urged immediate action by vehicle owners.
“This enforcement promotes responsibility and mutual protection, creating safer roads and a more secure society for Nigerians,” Mrs. Fischer concluded, urging vehicle owners to comply as a critical step toward safer and more accountable road usage.
She also noted Leadway Assurance’s streamlined process, enabling quick insurance purchases within two minutes via the website www.auto.leadway.com or WhatsApp (08129997044).
She reiterated that compliance with third-party motor insurance is a shared responsibility that benefits everyone and urged vehicle owners to embrace this initiative not as a burden but as a necessary step toward ensuring safer roads and a more accountable society.
Mrs. Kikelomo Fischer said this is a critical juncture in Nigeria’s journey toward safer and more responsible road usage, underscoring the importance of cooperation and mutual support in achieving a common good.
She also called on stakeholders, including government agencies, private organisations, and the general public, to collaborate in raising awareness about the importance of compliance. This is a defining moment for Nigeria’s road safety journey, which demands working together to create a culture of accountability and ensure that Nigerian roads are safer for all.

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Ghana’s Delegation In Nigeria To Marine Cargo Sector

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Commissioner for Insurance, Olusegun Omosehin received delegates from Ghana's Marine Cargo Technical Committee on a study tour of Nigeria's marine cargo sector at his office in Abuja recently. The delegation was led by Mr. Fred Asiedu-Darteh of Ghana Shippers' Authority.

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Stakeholders Assess Progress, Challenges In Implementing Building Insurance Regulations

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The National Insurance Commission (NAICOM) convened the fourth meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction recently in Abuja.
The meeting, chaired by the Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, brought together stakeholders to discuss progress and challenges in implementing insurance regulations for public buildings and buildings under construction.

In his opening remarks, Mr. Gam-Ikon welcomed new members from the quantity surveying profession and briefed the committee on NAICOM’s enforcement efforts, which have commenced with third-party motor insurance and are expanding to public buildings and buildings under construction. He emphasized the importance of collaboration with regulatory agencies and highlighted the commission’s focus on claim settlement, citing the example of a fire incident at a Cash and Carry supermarket where insured parties received prompt claim payments.

The committee discussed implementation progress, with the representative from Development Control indicating that they have started enforcing insurance requirements since January 2025 but are awaiting necessary documents to commence full enforcement. Other stakeholders, including the Nigerian Insurers Association (NIA) and the Federal Fire Service, shared their perspectives on the importance of complete documentation, risk assessment, and insurance coverage.

The Chairman of the joint committee, Mr. Gam-Ikon, urged Development Control to establish a database of public buildings and buildings under construction and ensure that only buildings with approved documents are insured. Dr. Talmiz Usman, Director of Legal Enforcement and Market Development at NAICOM, thanked committee members for their support and participation.

The meeting underscored the importance of collaboration and effective implementation of insurance regulations to promote safety and risk management in the construction industry.

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emPLE Partners LASPARK For Tree Planting Initiative

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emPLE has officially flagged off Green emPLE, its company-wide sustainability initiative, with a tree-planting exercise held in partnership with the Lagos State Parks and Gardens Agency (LASPARK) in Lagos.
As part of the launch, emPLE planted 65 trees across strategic locations in Lagos. The carefully selected tree species were chosen for their environmental benefits such as improving air quality, reducing urban heat, and enhancing the city’s ecological balance.
Speaking at the event, Oyinlade Olalekan, Managing Director of emPLE General Insurance Limited, remarked,
“At emPLE, we’re deeply committed to empowering lives—not just through our financial offerings but by actively contributing to a more sustainable world. The launch of Green emPLE and today’s tree-planting activity are key steps in that journey. Sustainability is one of our core values, and we’re proud to be playing our part in building a cleaner, greener Lagos.”
He added,
“We see Green emPLE as a platform for driving real impact, one initiative at a time. This partnership with LASPARK is only the beginning. We look forward to rolling out more activities that reinforce our mission and encourage others to join us in protecting the planet.”
Mrs. Adetoun Popoola, General Manager of LASPARK, also commended the initiative, saying:
“Our mandate at LASPARK is to promote a greener Lagos through tree planting and urban beautification. It’s always encouraging to see private sector organisations like emPLE step forward in support of this mission. Collaborations like this help us get more done and inspire residents and businesses alike to take sustainability seriously. We are excited about what Green emPLE represents and we look forward to more impactful partnerships.”
To acknowledge emPLE’s contribution, LASPARK presented the company with a Tree Planting Certificate, recognising its role in environmental preservation and its ongoing support for climate resilience and green urban development.
Green emPLE is emPLE’s long-term commitment to promoting sustainable practices that support a healthier planet and empower future generations. The initiative reflects the company’s belief that true empowerment goes beyond financial products it includes taking responsibility for the environment and driving long-term positive change.

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