• EFCC is facing intense scrutiny over reports of theft and mismanagement of exhibits by some operatives.

  •  Allegations of stolen cash, gold bars, and other recovered assets have triggered public backlash and internal investigations,

  • The scandal has deepened with recent incidents, including the detention of 10 officers over missing operational items and the accusation of another officer stealing over $30,000.

The Economic and Financial Crimes Commission (EFCC) is under intense scrutiny following reports of theft and mismanagement of exhibits by some of its operatives.

Allegations of stolen cash, gold bars, and other recovered assets have triggered public backlash and internal investigations.

According to reports, at least 27 EFCC officers were dismissed in 2024 for various misconduct, including fraudulent activities.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The agency’s spokesperson, Dele Oyewale, confirmed an ongoing investigation into a $400,000 theft claim allegedly involving a sectional head on January 6, 2025.

Two days later, 10 officers from the Lagos Zonal Command were detained over missing operational items, including gold bars worth over ₦1 billion and cash between $350,000 and $400,000.

The scandal deepened on Wednesday when another officer at the Kaduna Zonal Office, identified as Polycarp, was accused of stealing over $30,000 and other valuable exhibits.

READ ALSO: JUST IN: One Dead, Another Injured as Yahoo Boys Shoot EFCC Officers

A credible security source described the situation as “highly disappointing,” blaming the thefts on rising poverty and poor living conditions. The source also criticized the agency’s failure to implement robust mechanisms for safeguarding exhibits.

“The situation is highly disappointing. The EFCC needs to implement robust mechanisms for safeguarding exhibits to prevent such incidents,” the source said.

The EFCC has yet to comment on the latest incident, raising concerns about its internal oversight.

EFCC Docks Ex-AMCON MD, 4 Others Over N76bn, $31.5m Fraud

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others for allegedly defrauding Arik Airline N76 billion and $31.5 million.

According to the EFCC Head, Media & Publicity, Dele Oyewale, the defendants were arraigned before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos on a six-count charge bordering on theft, abuse of office, and stealing by dishonestly taking the property of another.

Continue Reading Here