IG urges cops to join police Sacco
Inspector General (IG) of Police George Kainja has urged officers in the service to join Malawi Police Savings and Credit Cooperatives (Sacco) to help improve their livelihoods.
The IG said this on Thursday at an annual general meeting (AGM) of Malawi Police Service Sacco at National Police Headquarters in Lilongwe. He said with a culture of saving, the officers will be able to set up their own businesses.
“If more officers join such cooperatives, they will refrain from engaging in corrupt practices because they will be able to borrow money,” said Kainja.
He said officers who have money will improve efficiency in their work because they will not spend their time thinking about how to get money.
Kainja said he was pleased that despite the economic effects of Covid-19, the Police Sacco was still vibrant.
Speaking during the event, Malawi Union of Savings and Credit Cooperatives chief executive officer Fumbani Nyangulu commended the Police Sacco for the vibrant leadership which has led to the cooperative posting profits.
The Police Sacco, which is the biggest Sacco in Central Region Chapter II, has over 660 members drawn from the police service, Immigration Department and the Malawi Prisons Service. The Sacco registered a profit of over K143 million in the 2019 financial year and has over K1.9 billion in assets.
During the AGM), Deputy Commissioner of Police Noel Kayira, was elected Police Sacco new board president replacing Superintendent Francis Mlanga of Central Region Training Centre whose tenure of office had expired.
