FG Inaugurates Insurance Policyholders’ Protection Fund Committee

The Federal Government has inaugurated the Insurance Policyholders’ Protection Fund Committee as part of efforts to strengthen consumer protection and boost confidence in Nigeria’s insurance industry.
The committee was inaugurated in Abuja under the provisions of Section 212 of the Nigerian Insurance Industry Reform Act 2025.
Speaking at the inauguration ceremony, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the fund as a critical safety net designed to protect policyholders in cases where insurance firms become distressed, insolvent, or lose their operating licences.
Represented by the Permanent Secretary of the Federal Ministry of Finance, Ra...