Five Lagos police cooperative officers arrested for Fraud

Five policemen attached to the Nigeria Police Cooperative Multi-Purpose Society in Ikeja, Lagos State, have been arrested for alleged fraudulent conduct.

The suspects, including senior officers and rank and file, were reportedly picked up by operatives of the Inspector-General of Police Intelligence Monitoring Team.

A credible source confided in our correspondent that the suspects reportedly paid out millions of naira as loans, using false names and pictures.

He said, “It is an in-house thing. The cooperative and police authorities do not want the matter to escalate to the public. Since 2015, a lot of fraud had been going on in the cooperative without any hindrance. Recently, a committee was set up to review the cooperative’s activities following some intelligence report on the fraudulent dealings going on there.

“The discovery was shocking. It was found out that several millions of naira had been issued out as loans to persons whose identities could not be verified. The perpetrators used different pictures and names of non members to give out loans.

“A complaint was lodged to the Force headquarters in Abuja and on Friday, the IG Monitoring Team came to the cooperative office. Five policemen were swiftly picked up. Some of them are senior officers and they have been taken to the Force headquarters.”