Have Issues? +234 913 392 3456
Open Hours Mon - Fri 8:00 am - 4:00 pm

Statement by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin

I

t is with profound sadness that we received the news of the passing of His Excellency, Muhammadu Buhari, GCFR, former President of the Federal Republic of Nigeria. On behalf of the National Insurance Commission (NAICOM) and the entire insurance industry, I extend our deepest condolences to the family, friends, and the good people of Nigeria.

During his tenure, former President Buhari GCFR demonstrated unwavering commitment to the growth and development of the insurance industry, and his leadership had a lasting impact on the nation’s economic landscape.

May his legacy continue to inspire us as we strive to build a more resilient and prosperous Nigeria. May his soul rest in peace. Amen.

Mr. Olusegun Ayo Omosehin
Commissioner for Insurance/CEO

Previous Statement by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin

Copyright © 2026 NAICOM • All Rights Reserved

The Launch of the Insurance Sector Strengthening Programme (ISSP)......NAICOM Hosts IFSB Takaful Experts on Diagnostic Assessment Mission to Strengthen Nigeria’s Takaful Market....NAICOM Issues Licences to additional companies confirmed and verified as compliant with the minimum capital requirements under NIIRA2025....Notice to the General Public,List of Additional Seven (7) Insurance Companies Confirmed and Verified by the Commission as Compliant with the Minimum Capital Requirements Under NIIRA 2025 and Applicable Insurance Laws and Guidelines....NAICOM Commences Issuance of New Licence Certificates to Recapitalized Companies, Marking a New Era for Nigeria's Insurance Industry...NAICOM Announces Successful Completion of the Insurance Sector Recapitalization Exercise, Heralding a New Era of Insurance in Nigeria......Commissioner for Insurance Reaffirms Support for Insurance Sector Growth as Noor Takaful Nears 10th Anniversary........Senate passes bill to rename NAICOM as Insurance Regulatory Commission...PUBLIC NOTICE!!!!!! TO ALL STAKEHOLDERS OF NIGER INSURANCE PLC (IN RECEIVERSHIP) The attention of the National Insurance Commission (NAICOM) has been drawn to publications carried in various national daily newspapers on 15 July 2026 by the purported management of Niger Insurance Plc (“Niger” or “the Company”). For the avoidance of doubt, NAICOM hereby categorically states that the referenced publication is false, mischievous, and grossly misleading. Accordingly, the general public, especially stakeholders and former policyholders of Niger Insurance Plc, are hereby requested to TAKE NOTICE.....Mr. Omosehin charges CIIN on professionalism, ethics and innovation as Akinjide Orimolade emerges 53rd President....NAICOM holds one-day training for Nigeria Police Force on compliance with compulsory Insurance Policies.....Nigeria's Insurance Premium  Hits N2.3 Trillion as Industry Assets Rise to N4.8 Trillion.....National Insurance Commission Successfully Inaugurates Insurance Policyholders’ Protection Fund (IPPF) Committee on 15th May 2026...