The Honourable Minister Ministry of Police Affairs Sen. Dr. Ibrahim Gaidam has reaffirmed his commitment to improving the welfare and financial wellbeing of its workforce through a comprehensive financial literacy and wealth management seminar designed to equip staff with practical knowledge on personal finance, investment management, risk mitigation and estate planning.
The training, facilitated by Deutsche Partners, an independent Securities and Exchange Commission (SEC)-licensed investment firm, provided participants with practical insights into budgeting, disciplined savings, strategic investing, portfolio management and succession planning.
Speaking during the session, the The Fund Manager, Deutsche Partners Holdings Ltd. Mr Akinfenwa Apata stressed the importance of engaging only SEC-regulated investment firms, urging participants to verify the registration status of financial advisers and investment companies through the Securities and Exchange Commission before committing their funds.
The seminar, delivered in three modules, covered Personal Finance Management, Investment and Wealth Management, and Estate Planning, highlighting the interconnected role each plays in achieving long-term financial security.
The first module focused on personal financial discipline, with participants encouraged to prepare realistic budgets, distinguish between essential needs and discretionary wants, automate savings and investment contributions, monitor spending patterns and regularly review their financial plans.
Mr. Apata explained that sustainable wealth creation begins with earning, saving, investing and allowing returns to grow through the power of compound interest.
Participants were also introduced to the distinction between assets and liabilities, with facilitators explaining that true assets are those that generate income or appreciate in value, while liabilities are obligations that continually reduce personal cash flow.
Participants were urged to prioritise investments capable of generating sustainable income and supporting future financial goals.
The second module examined the principles of investment and wealth management, exposing participants to the relationship between risk and return and the importance of aligning investment decisions with individual financial objectives, risk tolerance, investment horizon and liquidity needs.
The facilitator identified exchange rate risk, inflation risk, geopolitical risk and industry-specific risks as major factors capable of affecting investment performance. Using practical illustrations, they demonstrated how inflation erodes purchasing power, how currency fluctuations influence the value of assets and liabilities, and how global events can significantly impact local investment outcomes.
Participants were encouraged to build diversified portfolios that combine capital preservation with opportunities for long-term growth while seeking professional advice before making investment decisions.
The seminar further introduced participants to a wide range of regulated investment products, including fixed deposits, treasury bills, commercial papers, money market instruments, equities and Sharia-compliant investment portfolios. Each asset class, the facilitators explained, offers unique advantages depending on an investor’s objectives, financial capacity and appetite for risk.
Mr. Apata underscored the importance of continuous portfolio management, explaining that investments should be regularly monitored, reviewed and rebalanced in response to changing market conditions and evolving financial goals. He noted that professional fund managers continuously analyse market trends, company performance and economic indicators to determine the most appropriate investment strategies for their clients.
Participants were also advised to engage experienced institutional fund managers operating within SEC regulations, explaining that professional investment management involves comprehensive financial planning, extensive market research, compliance oversight, investment committee reviews, risk management and continuous performance reporting.
According to the facilitator, investment strategies should evolve with each stage of life. While younger investors may focus on wealth accumulation and growth, individuals approaching retirement should prioritise capital preservation, stable income generation and succession planning.
The session also highlighted the value of collective investment arrangements and professionally managed pooled portfolios, which enable individuals to access investment opportunities requiring substantial capital while benefiting from expert management.
The final module focused on estate planning, where participants were reminded that wealth management is incomplete without proper succession planning. The facilitators emphasised that estate planning is not reserved for the wealthy but is necessary for anyone who desires an orderly transfer of assets and protection of family interests.
Participants were educated on the importance of preparing legally recognised wills and appointing trusted executors to administer their estates. The facilitators clarified that naming a next of kin on employment, pension or bank records does not automatically confer legal ownership of assets, explaining that beneficiaries must comply with applicable legal procedures before such assets can be transferred.
The presentation further explored the advantages of establishing living trusts as more comprehensive estate planning tools. Unlike wills, trusts enable assets to be professionally managed during an individual’s lifetime while ensuring seamless transfer to beneficiaries without unnecessary delays, disputes or administrative bottlenecks.
Mr Apata noted that trusts provide additional benefits, including asset protection, confidentiality, business succession planning and continuity in wealth management across generations. Participants were encouraged to seek professional legal and financial advice when establishing appropriate estate planning structures suited to their personal circumstances.
During the interactive session, participants sought clarification on estate planning, investment thresholds, portfolio management and the distinction between stockbrokers and professional fund managers. Responding to the questions, the facilitators explained that while stockbrokers primarily execute transactions, professional fund managers provide holistic financial advisory services, including research-based investment recommendations, portfolio construction, continuous monitoring and strategic portfolio rebalancing.
Participants described the seminar as timely, practical and enlightening, noting that it had transformed their understanding of personal finance and reinforced the need for disciplined investing, informed financial decision-making and early estate planning.
In his closing remarks, the representative of the Honourable Minister, Ministry of Police Affairs Senator Dr. Ibrahim Gaidam CON, Director Human Resource Management MPA Mr. Ikemefuna Ohanyere thanked the facilitators for delivering an insightful and practical presentation. He observed that the seminar had broadened participantsunderstanding of wealth creation by demonstrating that genuine assets are resources capable of generating sustainable income rather than merely possessions.
He expressed confidence that the knowledge acquired would encourage staff to cultivate a stronger savings and investment culture while making informed financial decisions that would enhance their long-term financial wellbeing.
The representative reaffirmed the commitment of the Ministry’s management to staff development and welfare, noting that the financial literacy programme forms part of ongoing efforts to equip officers and employees with practical knowledge that promotes financial resilience, responsible wealth management and sustainable prosperity.
The seminar concluded with participants expressing appreciation for the valuable insights gained and a renewed commitment to applying the principles of sound financial management, strategic investment and effective estate planning in securing the future of their families and achieving lasting financial security.
Adegboro Modupe
DD Information and Public Relations.
6th August 2026.
