The Inspector-General of Police (I-G), Mr Ibrahim Idris, on Friday inaugurated a five-man Committee to review and implement the audit report of the Police Investment Companies and their subsidiaries.
The companies are: Nigeria Police Cooperative, Police Pensions Ltd.and Police Property Development and Construction Company Ltd.
Others are: Police Health Maintenance and Police Mortgage Bank.
Inaugurating the committee, Idris urged the Chief executive officers of the respective companies to cooperate with the committee.
“I want you to cooperate with the committee for it to come up with a viable strategy.
“The committee was set up for us to be able to streamline the achievements of the companies,“he said.
The term of reference for the committee include; to liase with the auditors who audited the accounts of the companies, liase with the CBN, NHIS, SEC and other regulatory bodies in the area of implementation of the audited report.
Others are; invite board and management members of the companies where appropriate and recommend action and strategies that would improve the profile of the companies.
“The committee is expected to carry out the assignment diligently and submit its report within one month,“the I-G said.
Speaking on behalf of the members of the committee, Deputy Commissioner of Police, Mohammed Wakili, Chairman of the committee, assured of commitment of members.
“We accept this responsibility with the highest sense of commitment and responsibility.
“We are going to do a thorough job, without fear or favour,“Wakili said.
NAN recalls that the audit report was submitted to the I-G on Sept. 29 by a team of auditors.