IGP orders probe of police investment, subsidiaries

Posted by News Express | 14 July 2016 | 2,012 times

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The Acting Inspector-General of Police, Ibrahim Idris, has ordered an audit of all Police Investments and subsidiaries.

Speaking while addressing the Board and Management of Police Investments Bodies and subsidiaries, at the Police Headquarters Abuja, Idris said the audit was in line with the Federal Government’s agenda to institutionalise fiscal discipline, transparency, probity and accountability in the management of public funds.

The IGP has engaged the services of two audit firms, Messrs Nsebot William & Co. and Gbenga Abimbola & Co. to carry out the audit.

The audit is expected be completed in six weeks and directed the board and management of the investment bodies and subsidiaries  to corporate with the various auditing firms assigned to their respective outfit by allowing them access and other assistance to ensure a smooth and successful audit exercise.

He said that the exercise is aimed at carrying out due diligence to ascertain the true financial position, assets and liabilities, challenges and recommendations on how to restructure and reposition this subsidiaries for effective and efficient services, profitability and return of investment to shareholders and Nigeria Police Community at large.

The Police Investment bodies and subsidiaries to be audited include:

NPF Pensions

NPF Mortgage Bank

NPF Corporative Ltd

NPF HMO

NPF Insurance

NPF Property Dev, Company

•Source: TV360Nigeria. Photo shows Acting IGP Ibrahim Idris.


Source: News Express

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