How Former IGP Diverted Billions Of Naira Deducted From Policemen’s Salaries To Buy Shares

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Former Nigerian Police Inspector-General Abubakar has been charged with fraud and the diversion of billions of naira deducted from policemen’s salaries “to buy shares.”

Former Nigerian Police Inspector-General Abubakar has been charged with fraud and the diversion of billions of naira deducted from policemen’s salaries “to buy shares.”
The officers described how, in 2012, shortly after Abubakar took over from Hafiz Ringim, they were forced to part with N11,000 from their meagre salaries.

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Some disgruntled police officers have demanded a N11,000 refund from the Nigeria Police Force while Mohammed Dikko Abubakar was the Inspector-General.

Abubakar, who joined the NPF in 1976, rose through the ranks to become the 16th Inspector General of Police in 2012. In 2014, he announced his retirement.

Between 2014 and 2018, the former IGP served as the first Chairman of the NPF Pension Board.

The officers told SaharaReporters that they were forced to part with N11,000 from their meagre salaries in 2012, shortly after Abubakar took over from Hafiz Ringim.

They claimed that, despite the former IGP’s claim that the money was intended to buy shares for all personnel, the billions of Naira generated were not used or accounted for.

The cops accused Abubakar of corruption and urged all anti-corruption agencies to look into the matter.

“The man known as MD Abubakar is one of the most corrupt IGPs in the history of the Nigeria Police Force; this man monetised all officers’ quarters for himself and his management team,” one of the disgruntled cops claimed.

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“In 2012, he stated that he intended to purchase shares for each member of the police force. Every police officer in Nigeria was forcibly deducted N11,000 at the time.

“This man forced us to pay for the shares, but we have no idea where our money went since then.” Nigerians should join us in asking him what he did with the billions of Naira he generated. What happened to the shares he purchased? “Where has our money gone?” Another source inquired.

The Nikki Tobi panel that investigated the ethnic and religious crisis in Jos, Plateau state, indicted Abubakar as AIG.

As a result of his involvement in the crisis, the panel recommended that he be fired from the Nigeria Police Force.

“Religious fanatics should not be posted to head state police commands,” the White Paper stated.

“The commission recommends that the former Commissioner of Police, Plateau State Command, Alhaji M. D. Abubakar, be advised to retire from the Nigeria Police Force for his ignoble role during the September 2001 crisis, which resulted in the loss of lives, and that if he refuses to do so, he should be dismissed from the service.”

Attempts to reach the police force’s spokesperson, Muyiwa Adejobi, to find out if the police were investigating the matter were futile because he did not return calls. He also did not respond to a text message sent to his phone number.

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