IGP Denies Misappropriation Of Police Funds

By IAfrica
In Nigeria
Aug 16th, 2014
Suleiman Abba

Acting Inspector General of Police (IGP) Suleiman Abba has denied allegations that funds deducted from salaries of police men for the ‘police cooperatives’ were misappropriated.

The IGP said this Friday in Abuja during a symbolic ceremony to flag off the distribution of share certificates of the Nigeria Police Mortgage Bank to police men.

“I must tell you the system in handling deductions in police cooperatives has been going on for many years; if anybody is complaining or is having problems with crediting his account with deductions I think something is really wrong,” Abba said.

“Even if it exists, it may not be unconnected with the fact that we have been struggling to computerise the activities of the cooperative,” he noted, adding that: “There may be delays but not that anybody is tampering with funds.”

The IGP said: “I must tell you, I was worried because up till last week some of us were complaining that it was fraudulent and if I tell you I wasn’t worried I will be telling lies, because my hand is in it.”

Abba also said: “I was entrusted with the funds in the cooperatives and I was contributing billions to that venture (Police Mortgage Bank), if for any reason things had gone wrong, it wasn’t only the former IG that would have been blamed.”

Speaking on the shares certificates distributed to police men, Abba said the establishment of the bank was to enable the police easy access to the funds in the National Housing Scheme.

“If you hear the billions we have been contributing so far and we have not been able to access simply because we do not have an organised way of accessing it, you will agree with me establishing the mortgage bank is a worthwhile venture,” he said.

The IGP explained that once a police officer gets his share certificate it will enable him to serve it as collateral to access loans from banks, noting that if the mortgage bank is doing well they would also get dividends.

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