IGP ORDERS AUDIT OF POLICE INVESTMENTS AND SUBSIDIARIES

·        Appoints audit firms

The Inspector-General of Police, Ag. IGP Ibrahim Idris has engaged the services of two (2) professional audit firms to undertake the audit of Police Investments and subsidiaries.

The Police boss made the disclosure while addressing the Board and Management of Police Investments Bodies and subsidiaries, at the Police Headquarters Abuja on 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 this 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 special assignment which would 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. 

The Police Investment bodies and subsidiaries to be audited include:

1.    NPF Pensions

2.    NPF Mortgage Bank

3.    NPF Corporative Ltd

4.    NPF HMO

5.    NPF Insurance

6.    NPF Property Dev, Company

In their separate remarks, the principle partners of the audit firms Friday Williams and Gbenga Abimbola thanked the IGP and his management team for finding them worthy to carry out the assignment and 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.