The Federal Government has approved the sum of N13,321,742,038.83 for Group Life Assurance for the 318,319 officers and men of the Nigeria Police.
This is as the Federal Executive Council, FEC, yesterday, approved an aggregate of N273,933,143,027 for various contracts cutting across the ministries of Works and Housing, Environment, Transportation and Police Affairs.
This was disclosed to State House correspondents at the end of the weekly Council meeting, presided over over by President Muhammadu Buhari at the Council Chamber, Presidential Villa Abuja.
The Minister of Police of Affairs, Mohammed Maigari Dingyadi, told journalists that the import of the memorandum that conveyed the request to FEC was to keep the Police motivated and encouraged.
He said, “I had the pleasure and honour to inform you that today I have submitted one very important memo to the Federal Executive Council, which has to do with the award of contract for the engagement of insurance underwriters and brokers, with the coverage of Group Life Assurance Scheme for the Nigerian Police Force for the 2022/2023, in favour of Messrs.
“Leadway Assurance PLC as the lead underwriter and three others as co-underwriters, in the total sum of N13,321,742,038.83. This is going to cover our police population of 318,319 officers and men”, he disclosed.