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2027: INEC Voids Primaries Held After May 30

The Independent National Electoral Commission (INEC) has warned political parties that any internal party primary election conducted outside its May 30, 2026 deadline will be voided. The commission cautioned political parties to strictly adhere to the electoral timetable and conduct their primaries within the stipulated timeframe, saying any party that fails to comply will be at its own risk. The directive comes as political parties begin preparations for the 2027 general elections, with many parties already holding their internal primaries to select candidates for various positions across the federation. INEC's warning is aimed at preventing electoral chaos and ensuring that all parties follow the same timeline for candidate selection, which is crucial for the commission's ability to process and manage the electoral process effectively. Political analysts say the commission's position is based on the need to align internal party processes […]

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NAICOM Directs Insurance Customers to Link NIN to Policies

The National Insurance Commission (NAICOM) has issued a directive requiring all insurance companies and brokers in Nigeria to collect verifiable identity details—including the National Identification Number (NIN), Bank Verification Number (BVN), and Corporate Affairs Commission (CAC) documents for corporate clients—before initiating or renewing any insurance policy. The directive, effective immediately, is designed to strengthen market transparency, fight financial crime, and align insurance with national integrity standards. Policies already in force must be updated to include the required identity details by December 31, 2025. For group/corporate coverage, comprehensive employee lists with all relevant data must be provided before activation. NAICOM warned that insurers and brokers failing to comply will face regulatory sanctions. The agency encourages customer sensitisation campaigns and will monitor compliance closely to ensure a more secure, resilient, and competitive insurance sector.

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