12 million fake vehicle insurance policies

On a motion by Senator Ahmed Ogembe (Kogi Central), who cited research showing that only 4 million of the country's 16 million vehicles were properly insured, the Senate directed its Committee on Banking, Insurance and Other Financial Institutions to hold a public hearing on reports that over 12 million vehicle insurance policies in circulation were fake, and to report within two weeks. It urged the National Insurance Commission to publish the list of the 58 registered insurance companies.