Police to Reposition Savings Culture of Personnel Through Cooperatives Â

By Chiemelie Ezeobi

In a bid to boost the savings culture of personnel, the Â the Nigeria Police Force (NPF), has set plans in motion to reposition its cooperative society.Â

The Inspector General of Police, Ibrahim Idris, made this disclosure at theÂ 26th Annual GeneralÂ MeetingÂ (AGM) of theÂ Nigeria PoliceÂ Cooperative Multi-Purpose SocietyÂ Limited held atÂ POWA Hall Ikeja GRA, Lagos.

The AGM, which wasÂ Â attended by personnelÂ across the country, saw plans put in motionÂ

to encourage thrift and savings, in effect, boost the socio-economic wellbeing and welfare of policemen.Â

The meeting, which had all the members of the Board of Directors in attendance, wasÂ chaired by Assistant Inspector General of Police (AIG),Â AbdullahiÂ Fagge.

Idris, who doubles as the president of the cooperative society, was representedÂ by Deputy Inspector General of Police (DIG), ValentineÂ Ntomchukwu.

He reinstated his Â commitment Â to reposition and re-engineer the PoliceÂ Cooperative SocietyÂ to perform its core mandates of promoting the social-economic well-being of its teeming members.

This he hopes to achieve through encouragement of thrift and savings, providing platform for seamless accessibility to revolving loans, sales of goods at affordable prices, cars and motor cycles loans and provision of affordable housing among others.

He said, “The Police Cooperative Society is a positive catalyst in driving home my passion in alleviating the welfare of police personnel through numerous welfare-oriented programmes.

“IÂ enjoin my officers and men to be interestedÂ inÂ how the affairsÂ of the society is runÂ and contribute to the growth and development of the society through positiveÂ suggestions.Â

“I also urged them to embrace voluntary contribution because Â of the importance of saving with the society. We alsoÂ assure them of proper accountability of the cooperative fund and investments.

“I express my sincere appreciation to the President Federal Republic of Nigeria, PresidentÂ MuhammaduÂ Buhari,Â for always supporting and enhancing the welfare of personnel of the Nigeria Police Force.”

Presenting the board report,Â AIGÂ Abdullahi Fagge,Â affirmed that his team had â€œengaged in reformationÂ and turnaroundÂ towards enhancing the credibility of the Nigeria Police Cooperatives.”

Also speaking, theÂ Commissioner of Police (CP) andÂ ExecutiveSecretary in charge of the Cooperatives Society,Â CP ShollaÂ David, assuredÂ that theÂ managementÂ of the society would continue to strive to improve and provide superior services.Â

This he said will create the right environment so that member contributions andÂ the CooperativesÂ valued business will enhance their income stream.Â

He emphasisedÂ that the Cooperative management would continue to toe the vision of the Â IG Â in enhancing the welfare of the officers and men.”

At the end, theÂ audited accounts of the Police Cooperatives Society were then presented by the external Auditors and adopted by the members present at theÂ AGM.

The Annual General Meeting thereafter elected new Board members as the tenure of old Board members expired.