Police contributes N10bn to National Housing Fund - IGP
- The Nigeria Police Force is contributing its own quota to the National Housing Fund
- The NPF said it had contributed over N10 billion in remittances to the fund since inception
- This was disclosed by the Inspector-General of Police Ibrahim Idris
The Nigeria Police Force on Tuesday, December 19, said it had contributed over N10 billion in remittances to the National Housing Fund since its inception.
The Inspector-General of Police Ibrahim Idris made the disclosure at the inauguration of the Nigeria Police Mortgage Bank cash center and ATM gallery in Abuja.
Idris said that the establishment of the bank became imperative to provide police officers with unhindered access to the National Housing Fund.
READ ALSO: Shake-up hits Nigeria Police Force as 4 states get new CPs
He also said that the bank had also provided officers with loans at lower interest rates than obtained in other commercial banks.
He promised to ensure transparency and accountability in the management of all police investments to enhance welfare of personnel.
“It is my earnest belief that the Nigeria Police Mortgage Bank is strategically positioned to drive our ambitious welfare agenda," the police boss said.
He said that the force would continue to support and encourage synergy toward achieving the welfare objectives of the bank.
He also said the police management would consider ways of encouraging and engaging other police investments and Institutions in mobilising fund to support the bank.
On his part, the chairman, board of directors of the bank, retired DIG Uba Ringim, said that the bank had successfully disbursed mortgage loans to over 500 police personnel.
Ringim said the bank had also processed over 400 National Housing Fund loans approval from the Federal Mortgage Bank of Nigeria for personnel.
He further said that over 200 police officers were beneficiaries of other loan products with the lowest interest rates.
He said that the cash centre would avail the bank customers with the opportunity to walk in and access wide range of products and mortgage services.
The chairman said that the bank had obtained CBN approval for the deployment of three additional ATMs in Garki, Wuse and Dei-Dei, all in Abuja.
The News Agency of Nigeria (NAN) reports that the Nigeria Police Mortgage Bank commenced business in 2015 to provide personnel with affordable and quality housing.
Meanwhile, the IGP Idris has said the Nigeria Police Force had curtailed the activities of high class kidnap kingpins in the country.
Idris made the disclosure when a former Super Eagles Captain, Nwankwo Kanu, paid him a courtesy visit on Monday, December 17, at his office in Abuja.
The IGP said the force was also addressing cases of armed robbery, farmers and herdsmen clashes and cattle rustling across the nation.
READ ALSO: Lagos lawyer drags IGP Idris to court, wants him removed as police boss
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Source: Legit.ng
