Posted: Wednesday 9th July 2014 at 9:00 am

Investment Scam: Nigeria’s IGP Accused Of Defrauding Each Police Officer

Nigeria’s Inspector General of Police, Mohammed Abubakar is accused of being involved in a dubious investment scam thus defrauding police officers of huge amounts of money.

Photo: Mohammed Abubakar

According to Sahara Repoters, the accusation is contained in a petition filed to the Senate by the human rights group Paths of Peace (PoP). The group insists on the probe over the multi-billion-naira scheme allegation, which is said to affect every police officer in the country.

In the document submitted to various Senate Committees PoP reportedly claims that the IGP illegally deducts N11,000 from each police officer’ account every month.

Describing the scheme, the right activists said that the so-called “mechanized salary section” (MSS) allows police authorities to divert deductions into a mortgage bank called Fokas Savings and Loans Limited. While the cut off amounts of money are purportedly used to buy shares for all police officers, the latter never received any documents proving they own securities. 

Thus the group urged the Senate to redress an injustice by making Abubakar stop the deductions and return the due sums to the officers’ accounts. 

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