Force Headquarters Explain N5,500 Deductions From Police Salaries

The Force Headquarters has explained to grumbling members of the force whose grievances have been over ‘forced deductions’ of N11,000 from their salaries (N5,500 each in June and July) by the leadership of the force, to acquire shares for policemen in the Police Mortgage Bank, that the deductions were meant to assist the officers own houses.

Force spokesman, CSP Frank Mba, who spoke to Vanguard explained that with the Police having a whooping N8 billion tied down in the Federal Mortgage Bank of Nigeria, an amount which many other mortgage concerns have been accessing and benefiting from, the present Police leadership feels time had come for policemen to enjoy the fruit of their labour.

Mba noted that with the contribution of N11,000 across board (from IGP to constable), which makes every policeman a share holder and part owner of the Police Mortgage Bank, “Every police officer irrespective of rank is entitled to a loan of up to N15 million at a single digit interest rate not exceeding eight per cent and repayable over a maximum period of 30 years, to build his own house.

“Every police officer irrespective of rank can also get up to N15 million on same terms to renovate his property, purchase a piece of land and purchase a house either independently or through the Police Housing Scheme.”