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Home » News » Nigeria Police Launch N5.5 Million Tricycle Loan Initiative for Officers as Part of Welfare Program

Nigeria Police Launch N5.5 Million Tricycle Loan Initiative for Officers as Part of Welfare Program

March 16, 2025
in News
Reading Time: 1 min read

In a police wireless message dated March 12, 2025, the Assistant Inspector General of Police (AIG) overseeing the Police Cooperative Society in Lagos informed all departments, commands, and other units through the Nigeria Police Cooperative Multi-Purpose Society Ltd.

The Nigeria police authorities have introduced Bulk Stalker Engineering Limited to personnel as part of the welfare programme initiated by the Inspector General of Police, Kayode Egbetokun.

In a police wireless message dated March 12, 2025, the Assistant Inspector General of Police (AIG) overseeing the Police Cooperative Society in Lagos informed all departments, commands, and other units through the Nigeria Police Cooperative Multi-Purpose Society Ltd.

It identified the company as “suppliers of tricycle trucks, trike pick-up, TTI single cabin, tricycle taxis, trike taxi TP7, Trika ambulance on loan to interested members of the force at the rate of five million five hundred thousand naira (N5,500,000) only”.

It said that “monthly deduction will be ninety thousand naira (N90,000) only”, which is “to be paid within sixty (60) months”.

It noted that the “money will be deducted from recipient’s salary via IPPIS”.

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“Forms will be made available by the company for collection at all cooperative shops mine. Treat as very important please,” it added.

Tricycles (commonly known as “Keke”) are widely used for commercial transportation in Nigeria, and allowing officers to acquire them on loan is to provide an additional source of income and improve their financial security.

Tags: NigeriaPolice
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