Just weeks after President Muhammadu Buhari appointed Ibrahim Idris as the acting Inspector General of Police, Idris has commenced probing of his predecessor, Solomon Arase.
According to Idris “The management of police cooperative and insurance schemes will henceforth be made more transparent and accountable to the police personnel, especially the rank and file who constitute the largest contributors.
“A lot can be achieved to enhance the welfare of police personnel through genuine utilization of these investments.
‘‘The accounts of these institutions and bodies will be made more transparent and accountable.
“Contributors will have more say in the running of these accounts and on how their investments will be utilized on daily basis.’’
To probe the state of affairs in these police subsidiaries, the acting IG approved two companies to drill into police books relating these firms.
“The Force Management Team has appointed Messers Nsebot William & Co and Gbenga Abimbola & Co.
“Both are to carry out the special assignment which would be completed in six weeks and directed the board and management of the investment bodies and subsidiaries to cooperate with the auditors.
“This is in line with the Federal Government’s agenda to institutionalize fiscal discipline, transparency, probity and accountability in the management of public funds.
“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 affiliated firms to be audited include NPF Mortgage Bank, Nigeria Police Force (NPF) Pensions, NPF Corporative Limited, NPF HMO, NPF Insurance and NPF Property Development Company.
The Nigerian police these different schemes to help the affairs of force members.
The monies are deducted from police salaries and is supposed to be invested in trust for police personnel.
Till date, scandal has rocked the management of the funds.