Police pay 420 dead cops N1.3bn insurance benefits

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Police pay 420 dead cops N1.3bn insurance benefits

The acting Inspector-General of Police, Olukayode Egbetokun, on Tuesday, presented N1,302,597,269.54 worth of insurance cheques to 420 families and next-of-kin of police officers who died during the insured periods of 2021/2022 and 2022/2023.

The presentation of the cheques, under the Group Life Assurance policy and the IGP Family Welfare Insurance Scheme, was done at the Force Headquarters, Abuja.

The PUNCH reports that the Group Life Assurance scheme is a welfare package that was established as a result of the amendment to the 2004 Pension Reform Act in the year 2014 and it is being funded by the Federal Government of Nigeria.

Also, the IGP Family Welfare Insurance Scheme, which is being funded by the Nigeria Police Force, was established in 2017 to relieve immediate families of deceased police officers of the hardship they usually experience following the death of their benefactors before the deceased officers’ benefits are ready for payment.

Speaking at the presentation on Tuesday, Egbetokun said, “The Nigeria Police Force is firmly grounded in the belief that every human life is inherently valuable, and the well-being of our officers remains our paramount concern. Our commitment to promptly fulfilling our obligations, including the provision of insurance and other benefits to those officers and their families who have made significant sacrifices for our beloved nations, is an expression of our deep appreciation for the bravery and dedication of our officers.”

The IG said the gesture was to boost the morale of officers.