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Police remitted N10bn into National Housing Fund, says Inspector General Ibrahim Idris

By Segun Olaniyi, Abuja
20 December 2017   |   4:22 am
The Inspector General of Police, Ibrahim Idris, has explained that the police had remitted N10billion into the National Housing Fund since the scheme began.

Inspector-General of Police, Ibrahim Idris

The Inspector General of Police, Ibrahim Idris, has explained that the police had remitted N10billion into the National Housing Fund since the scheme began.

Idris stated this yesterday at the inauguration of the Nigeria Police Mortgage Bank Cash Centre and ATM gallery in Abuja.

He said the establishment of the bank became imperative to provide police officers with unhindered access to the National Housing Fund.

According to him, the bank had also provided officers with loans at lower interest rates, than is obtained in other commercial banks.

He promised to bring transparency and accountability into the management of all police investments to enhance the welfare of its personnel.

He said: “It is my earnest belief that the Nigeria Police Mortgage Bank is strategically positioned to drive our ambitious welfare agenda.”

The police boss stressed that the police would continue to support and encourage synergy toward achieving the welfare objectives of the bank.

He disclosed that the police management would also consider ways of encouraging and engaging other police investments and institutions in mobilising funds to support the bank.

The Chairman, Board of Directors of the bank, retired Deputy Inspector General of Police, Uba Ringim, said 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 the personnel.

According to him, over 200 police officers were beneficiaries of other loan products with the lowest interest rates.

He added that the cash centre would avail the bank customers the opportunity of walking in and accessing a wide range of products and mortgage services.

The chairman said the bank had obtained the Central Bank of Nigeria (CBN)’s approval for the deployment of three additional ATMs in Garki, Wuse and Dei-Dei, all in Abuja.

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