The Nigeria Police force has commissioned its own finance house so as to take ownership of preparation, defence and utilization of its financial resources
While commissioning the project in Abuja on Monday, the Inspector-General of Police IGP Solomon Arase, said the project was a product of the journey that started 35 years ago.
Nigeria Police Force “Today marks another milestone in the annals of the history of the Nigeria Police Force. The commissioning of the Police Finance House is the outcome of a journey that started some thirty-five (35) years ago. “In June 1981, arising from the necessity for the Force to take ownership in the preparation, defence and utilization of its financial resources”. He said
He explained that despite the establishment of the Nigeria Police Budget Unit, the Force has not enjoyed the Self-Accounting status like its counterparts in the Nigerian Armed Forces and even the Para-Military services.
The unit, was established under the headship of Retired DIG Parry Osayande,who was the former Chairman of Police Service Commission.
“The commissioning of the Nigeria Police Finance building you are witnessing today is part of the ongoing restructuring of the Nigeria Police Budget and Accounting System to key into the financial reforms in the public sector.
“In this regard therefore, the Police Management has upgraded the Office of the Commissioner of Police, (Budget) to Assistant Inspector-General of Police, (Police Accounts and Budget).”he said
He, however, noted that the newly commissioned structure was inimical to accessing funds required for operational and administrative exigencies, taking into consideration the peculiarities of the Force.
He pointed out that An organogram to meet this new structure has already been approved.
He added that the Office of the Accountant-General of the Federation has posted Directors of Finance and Accounts and Internal Audit to work alongside with the Police Finance Officers.
“The commissioning of this edifice is meant to provide conducive working environment for our Finance Officers including the Civilian components that are scattered in various locations as a result of inadequate office accommodation.
“The construction of this building is part of steps to fully actualize the Self-Accounting status.” he said