Inspector-General of Police (IGP) Kayode Egbetokun has reaffirmed his commitment to improving the welfare of retired police officers, acknowledging the financial hardships many face under the Contributory Pension Scheme (CPS).
Speaking at an interactive session on pension matters in Abuja on Tuesday, Egbetokun stressed the urgent need for reforms to ensure financial security for retired officers.
“The Contributory Pension Scheme leaves the majority of police retirees in difficult financial conditions after years of dedicated service to this nation. This situation is unacceptable,” he stated.
Egbetokun noted that, while the scheme was designed to ensure long-term sustainability, its implementation has led to financial distress for many retired officers due to delayed and frustrating access to entitlements.
Upon assuming office, he encountered strong calls for the Nigeria Police Force (NPF) to exit the scheme. In response, he established a committee, headed by former Deputy Inspector-General of Police (DIG) DanMallam Mohammed, to conduct a thorough review and propose actionable reforms.
The IGP acknowledged arguments in favor of the CPS, particularly its professional fund management. However, he maintained that the scheme’s failures in securing the financial well-being of police retirees could not be ignored.
“This meeting provides a platform for all stakeholders to engage constructively and arrive at a well-informed position on the matter,” he said, emphasizing the need for expert insights and empirical data in determining the best course of action.
Join Our Telegram Channel For Instant Notification
