Vehicles with fake insurance certificates hit 9.04 million

Despite the fact that it is mandatory for all vehicles to have a minimum of third party motor insurance certificates, there has been a decline in the number of vehicles with genuine insurance certificates on Nigerian roads,The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures obtained by our correspondent.

In January 2019, the association revealed that just over three million vehicles were still on its NIID, which showed an increasing number of fake certificates on Nigerian roads. Despite the fact that the statutory laws of the country stipulate that no motorist should move on Nigerian roads without being in possession of genuine insurance certificates, most motorists have continued to show absolute disregard for this statutory requirement.

Thomas expressed concern over the concentration of insurance companies and brokerage firms in major cities and their reliance on government accounts, stressing that there would not be effective enforcement of compulsory insurances in the hinterland with poor presence of underwriting and brokerage firms there.

He said, “You know that 70 per cent of third party insurance in Nigeria are fake and the money goes to the boys who sell them.

When hungry agents of fraud populate the LCDAs, what do you expect?

Include yellow buses Danfo!

It’s from the offices. Frsc they give fake ones.

People edit their expired insurance papers for another year.. I was surprised when a Police man open a portal in his phone to confirm the authenticity of my tinted permit, insurance also should do same🤷

Na wa

Lol

Can only happen in nigeria. Went to FRSC in Berger once to renew registration and insurance and was charged 5k inside the office and was never in the system. Pure Fraud

How responsible have been the insurance companies?

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