BREAKING: IGP Orders Nationwide Transfer of Police Pension Accounts to NPF Platform, Sets August 31 Deadline

IGP Orders Nationwide Transfer of Police Pension Accounts to NPF Platform, Sets August 31 Deadline

 

 

The Inspector-General of Police, Kayode Egbetokun, has issued a directive mandating all serving officers of the Nigeria Police Force (NPF) to transfer their Retirement Savings Accounts (RSAs) to NPF Pensions Limited no later than August 31, 2025.

 

The directive, aimed at consolidating pension management under a single administrator, follows a formal request from the Managing Director of NPF Pensions Limited, Mr. Kolade Moradeyo.

 

In a letter received by police authorities on July 3, Moradeyo urged the IGP to enforce the migration in order to fast-track pension reform and enhance rank-based benefits for officers.

 

According to Moradeyo, the consolidation is necessary to create a uniform pension database and to implement a structured system of pension enhancement based on officers’ ranks and years of service. He noted that a consensus had already been reached between the National Pension Commission (PenCom), the Police Management Team, and NPF Pensions Limited regarding the move.

 

Responding to the appeal, the IGP’s Principal Staff Officer, DCP Lateef Adio Ahmed, issued a memo dated July 7 to the Deputy Inspector-General of Police in charge of Finance and Administration, affirming the IGP’s directive. A follow-up circular, signed by AIG Godwin I. Eze on July 10, was distributed to all zonal and state commands, training institutions, and other formations nationwide.

 

“The DIG, Department of Finance and Administration, requests/directs that you ensure all personnel under your command migrate their RSAs to NPF Pensions Limited not later than 31st August 2025,” the circular stated.

 

NPF Pensions Limited was established specifically to manage the retirement benefits of police personnel under the Contributory Pension Scheme. However, many officers initially registered with other Pension Fund Administrators (PFAs), which has complicated benefit computation and delayed payments in some cases.

 

The new directive is expected to streamline pension processing, improve accountability, and ensure that officers receive timely and enhanced benefits based on their career progression.

 

In a related development, NPF Pensions Limited is currently addressing over 20 months of outstanding pension arrears using funds from a N758 billion bond secured recently. This effort is part of a broader initiative to restore confidence in the pension system and improve the welfare of retired police officers.