…Set up joint committee on compliance, information sharing
By Emma Ujah, Abuja Bureau Chief
ABUJA — The National Insurance Commission (NAICOM) and the Nigeria Civil Aviation Authority (NCAA) have signed a Memorandum of Understanding, MoU, to strengthen insurance regulation and compliance in Nigeria’s aviation industry.
The agreement, signed in Abuja yesterday by the Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, and the Director-General of the NCAA, Capt. Chris Najomo, is expected to enhance passenger protection, improve regulatory compliance and boost investor confidence in the sector.
The MoU establishes a framework for closer collaboration between the two agencies in the oversight of aviation insurance and enforcement of statutory requirements.
