IGP Egbetokun Unveils New Security Model to Protect Banks Nationwide

The Inspector General of Police, Kayode Egbetokun, has introduced a new policing framework designed to enhance security at banks and other critical financial institutions across Nigeria.

Under the plan, specially trained Supernumerary (SPY) Police officers will be deployed to provide dedicated protection to financial infrastructure. The initiative aims to curb the rising wave of armed robberies, cash-in-transit heists, and other targeted attacks on the banking sector.

IGP Egbetokun explained that the SPY personnel, drawn from the existing supernumerary structure but equipped with advanced, specialised training, will focus on proactive guarding, rapid emergency response, and intelligence-led operations to safeguard customers, staff, and assets.

The model is part of broader efforts to boost public confidence in the financial system, minimise economic disruptions caused by crime, and support Nigeria’s transition to a cashless economy. Rollout is expected to begin in high-risk areas before being expanded nationwide.

Banking stakeholders and security experts have welcomed the development, describing it as a timely response to persistent vulnerabilities in the sector.

Further details on training schedules, officer numbers, and coordination with the Central Bank of Nigeria (CBN) and commercial banks are expected in the coming weeks.