In line with federal government’s agenda to institutionalize fiscal discipline, transparency, probity and accountability in the management of public funds. The Inspector General of The Nigerian Police Force Ibrahim Idris has ordered the audit of the police investment and subsidiaries, expressing that the exercise is focused on ensuring due diligence in ascertaining the true position of assets, finances and liabilities of the Nigeria police. According to a statement by the spokesperson for the Nigeria police force Don Awunah, the auditing is to be carried out by two professional audit firms. Awunah said the IGP made the disclosure while addressing the board and management of police investments bodies and subsidiaries at the Force Headquarters in Abuja on Thursday, July 14.
He also said the audit will look at challenges and proffer recommendations on how to restructure and re-position these subsidiaries for effective and efficient services within the force.
IGP Ibrahim Idris also said that the two companies – Messers Nsebot William & co and Gbenga Abimbola & Co – appointed by the police force management team would carry out the special assignment.
He said the assignment which should be completed in six weeks.
He also 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: Nigeria Police Force pensions, NPF mortgage bank, NPF corporative limited, NPF health maintenance organization, NPF insurance and NPF Property Development Company.
The inspector general of police was appointed by President Muhammadu Buhari following the retirement of the former IGP Solomon Arase.
Since his appointment, IGP Ibrahim Idris has approved the retirement of 30 senior police officers including the “controversial” assistant inspector general of police Joseph Mbu.