The Integrity Youth Alliance has refuted allegations by the Rule of Law and Accountability Advocacy Centre (RULAAC) that police personnel face “untold hardship” in accessing their salaries through the Police Microfinance Bank (PMFB).
RULAAC’s Executive Director, Okechukwu Nwanguma, had alleged that officers were compelled to domicile their accounts with the bank and often experienced delays and restrictions in withdrawing their salaries.
In a statement signed by its National Coordinator, Kelvin Adegbenga, the Integrity Youth Alliance described the claims as false, misleading, and aimed at discrediting the leadership of the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, and the police institution.
The group maintained that officers are not subjected to recurring salary delays, stressing that just as the Federal Government ensures prompt salary disbursement, the Police Microfinance Bank also guarantees seamless access to officers’ pay.
On the claim that police personnel were compelled to use PMFB, the alliance noted that no such directive exists, adding that the few issues encountered by some officers were routine account documentation matters in line with Central Bank of Nigeria (CBN) regulations, not systemic challenges.
It further clarified that the operations of the bank are managed by its Board of Directors, not the IGP, and rejected suggestions that the police chief should intervene in the day-to-day running of the institution.
“The Police Microfinance Bank has not been confronted with criticisms of inefficiency, weak infrastructure, or poor service delivery as claimed. Instead, it continues to deliver effectively on its mandate of supporting police welfare,” the statement said.
The group urged the public to disregard what it described as a mischievous narrative and encouraged stakeholders to verify facts before making allegations against critical national institutions.
