• Slide 1
  • Slide 1

Overview

$350,000 Worth Of Cash, Jewelry Missing From EFCC Lagos Office Amid Scandal

The Economic and Financial Crimes Commission (EFCC) is currently dealing with a significant scandal involving the disappearance of large sums of money and valuable items from its Lagos Zonal Command. Sources have reported that between $350,000 and $400,000, along with expensive jewelry and other high-value assets, have gone missing.

This troubling news follows closely behind the dismissal of 27 EFCC officers for misconduct and fraudulent behavior. These officers were fired after a review by the EFCC’s Staff Disciplinary Committee, and the decision was approved by the commission’s Chairman, Ola Olukoyede. The dismissals have raised questions about the agency’s oversight and accountability, especially in light of the latest incident.

Although the EFCC has launched an investigation into the missing funds and valuables, the agency is now under intense scrutiny. Known for its role in tackling financial crimes in Nigeria, the EFCC now faces criticism for potential weaknesses in its internal control systems. Efforts to reach EFCC spokesperson, Dele Oyewale, for an official comment on the situation have been unsuccessful, further fueling concerns about transparency.

As the investigation continues, questions are being raised about the steps the EFCC will take to prevent such incidents in the future and restore public trust in its ability to fight corruption. This scandal is a stark reminder of the ongoing challenges the agency faces in maintaining its integrity and credibility in the fight against financial crimes.

Credit: Independent