14th July, 2016
The Acting 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.
Idris made the disclosure while addressing the Board and Management of Police Investments bodies and subsidiaries, at the Police Headquarters, Abuja, North Central Nigeria on Thursday.
“The measure is in line with the federal government’s agenda to institutionalise fiscal discipline, transparency, probity and accountability in the management of public funds,” he explained.
The IGP said that the exercise was 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 the Nigeria police community at large.
According to him, fighting corruption at all levels was part of his vision for the police which was in tandem with the cardinal point of the present dispensation.
Idris disclosed that the Force Management Team had appointed 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 cooperate 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: NPF Pensions, NPF Mortgage Bank, NPF Cooperative Ltd, NPF HMO, NPF Insurance and NPF Property Development Company.
The principal 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.