BREAKING: Nigerian Police Unveil N5.5Million Tricycle Loan Scheme For Personnel Under Welfare Programme

The Nigerian constabulary authorities person introduced Bulk Stalker Engineering Limited to unit arsenic portion of the payment programme initiated by the Inspector General of Police, Kayode Egbetokun.

In a constabulary wireless connection dated March 12, 2025, the Assistant Inspector General of Police (AIG) overseeing the Police Cooperative Society successful Lagos informed each departments, commands, and different units done the Nigeria Police Cooperative Multi-Purpose Society Ltd.

It identified the institution arsenic “suppliers of tricycle trucks, trike pick-up, TTI azygous cabin, tricycle taxis, trike taxi TP7, Trika ambulance connected indebtedness to funny members of the unit astatine the complaint of 5 cardinal 5 100 1000 naira (N5,500,000) only”.

It said that “monthly deduction volition beryllium ninety 1000 naira (N90,000) only”, which is “to beryllium paid wrong sixty (60) months”.

It noted that the “money volition beryllium deducted from recipient’s wage via IPPIS”.

“Forms volition beryllium made disposable by the institution for postulation astatine each cooperative shops mine. Treat arsenic precise important please,” it added.

Tricycles (commonly known arsenic "Keke") are wide utilized for commercialized proscription successful Nigeria, and allowing officers to get them connected indebtedness is to supply an further root of income and amended their fiscal security.