Friday, April 26, 2013

FCTA TO RAISE N5BN FROM THE PROPOSED SECURITY TRUST FUND



The FCT Administration is expected to raise about N5 billion for the proposed FCT Security Trust Fund being packaged. The FCT Minister, Senator Bala Abdulkadir Mohammed (CON) made this disclosure while answering questions during an interactive session with the participants of Senior Executive Course 35 of the National Institute for Policy and Strategic Studies, Kuru at the FCDA Conference Room, Central Business District, Abuja on Thursday.

 The Minister further disclosed that the FCT Security Trust framework is underway to give a robust complement to the funding of security agencies in Abuja. According to him, the proposed FCT Security Trust Fund will be chaired by at least a retired Inspector-General of Police to enable him bring his wealth of experience to bear in managing the funds generated.

 Senator Mohammed revealed that the corporate organizations dwelling in the Federal Capital Territory are ready to cooperate by contributing to the proposed Trust Fund. The Minister also revealed that despite the Federal Government allocation to the Security Agents, the FCT Administration currently expend between N60 million and N80 million monthly on Security Agencies in the Federal Capital Territory.

 He assured that the Security Agencies are on top of all security challenges in and around the 8,000 square kilometers of the Federal Capital Territory. The Minister further assured that everybody’s movements are monitored by the security agencies; adding that the Traditional institution in the Territory have been assisting with healthy intelligence reports on daily basis. Senator Mohammed remarked that the FCT Administration is contemplating purchasing an helicopter to be used for surveillance by the Security Agents.

 Speaking earlier, the Director-General of the National Institute for Policy and Strategic Studies, Kuru, Professor Tijjani Muhammad Bande appreciated the warm reception accorded his team.

 Muhammad Hazat Sule FCAI
 Asst. Director/Chief Press Secretary to the FCT Minister 
 Thursday, April 25, 2012.

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