IG directs audit of Police investments, subsidiaries

IG directs audit of Police investments, subsidiaries

Thursday, July 14, 2016 12:36 pm


 

IGP Idris

IGP Idris

Okafor Ifiebor

The Inspector-General of Police, IGP Ibrahim Idris has engaged the services of two professional audit firms to undertake the audit of Police Investments and subsidiaries across the country.

In a statement on Thursday, Force Spokesman, Don Awunah, a Deputy Commissioner of Police, DCP, said that Idris made the disclosure while addressing the Board and Management of Police Investments Bodies and subsidiaries, at the Police Headquarters Abuja on yesterday, July 13, 2016.

The measure, he said, “is in line with the Federal Government’s agenda to institutionalize fiscal discipline, transparency, probity and accountability in the management of public funds.”

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 thE subsidiaries for effective and efficient services, profitability and return of investment to shareholders and Nigeria Police Community at large.

According to the IGP, fighting corruption at all levels is part of his vision for the Police, which is in tandem with the cardinal point of the present dispensation.

IGP Idris disclosed that the Force Management Team has appointed Messers Nsebot William & co and Gbenga Abimbola & Co to carry out the within six weeks.

Idris directed the board and management of the investment bodies and subsidiaries to cooperate with the firms assigned to their respective outfits by allowing them access and other assistance to ensure a smooth and successful audit exercise.

The Police Investment bodies and subsidiaries to be audited include: NPF Pensions, NPF Mortgage Bank, NPF Cooperative  Ltd., NPF Insurance and NPF Property Dev, Company.

As stated in the statement, in their separate remarks, the principle partners of the audit firms, Friday Williams and Gbenga Abimbola pledged their readiness to accomplish the job satisfactorily within the stipulated time.

Present during the session were members of the Force Management Team and the Board of the Police Investments Bodies and Subsidiaries.


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