Nigeria’s Inspector General of Police, IGP Mohammed Adamu commissioned the online platform for members and administrators of Nigeria Police Cooperative Multi-Purpose Society (PolCoop) at a formal launch which was well attended by the leadership of the Nigeria Police at the Force Headquarters, Abuja.
While speaking at the event, the IGP confirmed that the new solution, which was developed at the Innovation Lab of Africa Prudential Plc—an indigenous digital technology firm and Capital Market operator—ensures end-to-end automation of the PolCoop. He explained that the indigenisation of the process is in furtherance to the Federal Government’s Policy of enhancing local contents in ICT acquisition.
Mohammed Adamu confirmed that the Police Cooperative Society shall fully migrate its operations to the new Portal immediately after the launch. He said this process will help to automate savings withdrawal, contribution management, loans administration, member management, automated reporting, and inventory management. In the long-run, the automation process being advanced today will strengthen the status of the Police Cooperative Society as a leading cooperative movement providing distinctive and innovative welfare services to its members through the utilisation of ICT solutions.
The huge membership size, wide business coverage and expansive investment profile of the Society have combined to make it expedient that its operations be automated and aligned to technological dynamics. Much as significant progress has been made in this regard over the years, the new PolCoop platform will take the society much closer to a level of end-to-end automation. This will not only strengthen the accountability process within the Society, it shall aid the ease of doing business by the contributors, particularly, in relation to accessing the services of the Cooperative Society.
The IGP encouraged all members to embrace the change within the Police Cooperative Society as, henceforth, no longer will police personnel be exposed to the risk of travelling from their various commands and Formations to process their loan applications, savings withdrawals, or get their contributions balances from the Cooperative Headquarters in Lagos. All these services will be done just by the press of the buttons on their computers or Mobile devices.
The Nigeria Police Cooperative is a member-owned non-profit financial institution which was established in 1977 with the aim of helping to improve the welfare of cooperators and its members. It was established by Force Order No. 130, to cater for the welfare needs of the Nigeria Police and their families. It is the largest cooperative society in Africa with well over 300,000 members.
Having operated for over forty years, and with the motto ‘Welfare and Progress’, the Police Cooperative Society has successfully lived up to expectations in terms of bridging the welfare gaps among serving police officers and enhancing their frame of mind towards optimal performance of their duties. Aside the provision of soft loans, the Society has ventured into massive low-cost housing projects and undertook other rewarding investments to strengthen its status as the largest Society with the strongest capital and investment base.