BREAKING: Nigeria Police Cooperative Slashes Tricycle ‘Keke Napep’ Loan Cost To N3Million After Officers’ Protest Over ‘Inflated N5.5Million Price’

The Nigeria Police Cooperative Multi-Purpose Society Ltd. has announced that the cost of acquiring a tricycle truck (commonly known as Keke Napep) under its welfare scheme has been reduced to ₦3 million.

This represents a significant cut from the initial ₦5.5 million price previously announced by police authorities—a figure that was strongly opposed by many officers.

SaharaReporters exclusively reported on March 16 that a police wireless message dated March 12, 2025, was issued by the Assistant Inspector-General of Police (AIG) in charge of the Police Cooperative Society in Lagos.

The message informed all police departments, commands, and units about the initiative, which is being managed through the Nigeria Police Cooperative Multi-Purpose Society Ltd.

It identified the company as “suppliers of tricycle trucks, trike pick-up, TTI single cabin, tricycle taxis, trike taxi TP7, Trika ambulance on loan to interested members of the force at the rate of five million five hundred thousand naira (N5,500,000) only”.

It said that “monthly deduction will be ninety thousand naira (N90,000) only”, which was “to be paid within sixty (60) months”.

However, in a new message relayed by the Assistant Inspector-General of Police in charge of the Cooperative in Lagos, dated May 15, 2025, the scheme, introduced in partnership with Bulk Stalker Engineering Limited, will now offer tricycle trucks on loan to police personnel nationwide at a reduced cost.

Under the programme, each tricycle truck is priced at ₦3 million, with a monthly repayment of ₦50,000 over a five-year period. Repayments will be deducted directly from beneficiaries’ salaries via the Integrated Payroll and Personnel Information System (IPPIS).

According to the message, application forms for the scheme are available at Cooperative Ted-Shops. Police officers interested in participating are encouraged to contact the Cooperative directly.

All commands and units have been instructed to brief their personnel on the initiative and encourage eligible officers to apply.

In March, after the announcement that interested police personnel would need to pay ₦5.5 million to acquire a Keke Napep on loan, many officers outrightly rejected the welfare scheme, calling the price inflated and accusing senior officers of using the initiative to exploit their subordinates.

Multiple sources within the Nigeria Police Force told SaharaReporters that they believed the scheme was a fraudulent move designed to enrich top officials at the expense of junior officers, who would be saddled with unreasonably high repayments.

“All these are the handiwork of our authorities, always looking for ways to milk their subordinates. How on earth can any reasonable organisation exploit its members all in the name of giving out tricycles at the rate of N5.5 million?” a police source lamented.

According to the officers, the market value of the tricycles was around N3.5 million, yet the cooperative was forcing them to purchase them at an inflated price of N5.5 million.

“They want to milk their subordinates through the payment structure, as the tricycle is overpriced. How can they sell a tricycle that costs N3.5 million for N5.5 million? This is coming from the same police cooperative where members are not allowed to withdraw their money as they wish,” another officer told SaharaReporters.

“The same police cooperative where all Inspector Generals of Police, past and present, withdraw millions without refunding it,” the source added, highlighting a long history of financial mismanagement and corruption within the cooperative.