Police Explain N100m Payment Into Ex-IGP Egbetokun's Son's Account

- The Economic and Financial Crimes Commission, EFCC, has stepped into the controversy surrounding an alleged N100 million paid into the personal bank account of the son of the 

outgoing Inspector-General of Police, Kayode Egbetokun, Mr Victor Egbetokun.

The development followed online reports alleging that the funds were transferred from the Anambra State Government’s security vote account into Victor’s private account — a claim that triggered public uproar.

Responding to the allegation, the Nigeria Police Force said the payment was a banking error and was promptly reversed.

Speaking on Channels Television’s Politics Today, the Force Public Relations Officer, Benjamin Hundeyin, said Victor Egbetokun himself reported the suspicious credit immediately after discovering it.

“You could remember when he said N100 million was paid into the account of the son of the IGP. I called the son of the IGP immediately to know what was going on, and he explained. 

“He said he saw N100 million in his account, and he told his accounts officer to reverse the money immediately, which he did,” Hundeyin stated.

He further said that Victor Egbetokun printed his bank statement and presented it to the police authorities to confirm that the funds had been returned.

“The young man was forced to close down that account. He has written a petition to the EFCC for that allegation to be investigated,” the police spokesperson further said.

The petition, according to Hundeyin, was intended to ensure a transparent probe into the transaction and clear any lingering doubts about the source and movement of the funds.

While maintaining that no wrongdoing occurred, the police described the incident as a mistaken payment that was corrected shortly after it was detected, with the money reportedly returned to the Anambra State Government’s account.

With the EFCC now seized of the matter, attention has shifted to the outcome of the anti-graft agency’s investigation and whether it will provide further clarification on how the controversial transfer occurred.