The Inspector-General of Police, IGP, Mohammed Abubakar Adamu, on Wednesday, launched the Nigeria Police Force Microfinance Bank Plc mobile banking application created by the financial institution to provide services for both serving and retired Police officers and the general banking public.
Speaking at the brief ceremony held at the Force Headquarters, Abuja, Adamu said that NPF Microfinance Bank Plc was set up to provide financial services such as retail banking, loans, advances, and financial advisory, and other allied services to the men and officers of the Force and the general banking public.
The IGP said that the Microfinance Bank which commenced operation, on May 19, 1993, from a single branch now has a total of 35 branches across the States of the Federation and the Federal Capital Territory (FCT) Abuja due to its management’s resilience.
He pointed out that banking was rapidly evolving technologically and in the vision for the establishment of the microfinance bank there was also the need for a mobile banking application to meet customers’ needs.
While noting that the main goal of this mobile banking application is to reduce delay in transactions and improve operational efficiencies, the IGP’ pointed out that “a mobile banking application no doubt will improve interactions with customers, deliver their needs speedily and also provide ways for making internal functions more efficient.”
He thanked the Chairman and members of the Board of Directors of the NPFMFB and all others whose teamwork and dedication informed the success of the modern banking tool launch witnessed by Police personnel and the public.
The IGP also encouraged the officers and men of the Nigeria Police Force both serving and retired and the general banking public to take advantage of the technological innovation by the bank adding that there is limitless possibilities on the mobile banking tool.
In his remarks, Chairman of the Board of Directors of the NPFMFB, Azubuko Joel Udah, a retired Deputy Inspector-General of Police said that the board was committed to the continuous positioning of the bank for sustainable competitive advantage.
He noted that innovation in technology has overtime revolutionalised the banking sector of the nation’s economy adding that the deployment of a mobile banking application is a key aspect of the bank’s digital strategy.
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