Amanze Chinonye
The Nigeria Police Force (NPF) has clarified that the N100 million transferred into the personal bank account of Victor Egbetokun, son of former Inspector-General of Police Kayode Egbetokun, was a banking error and was promptly reversed, Prime Business Africa reports.
The clarification followed an online report alleging that the funds originated from the Anambra State Government’s security vote account, triggering widespread reactions and scepticism across social media.
Speaking on Politics Today on Channels Television on Monday, the Force Public Relations Officer, Benjamin Hundeyin, said the transfer was neither requested nor retained by the IGP’s son.
Join our WhatsApp Channel“You could remember when he (Omoyele Sowore) 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,” Hundeyin said.
“He said he saw N100 million in his account and told his accounts officer to reverse the money immediately, which he did.”
Hundeyin added that Victor printed his bank statement to confirm the reversal and later closed the account. According to him, Victor has also written a petition to the Economic and Financial Crimes Commission (EFCC), requesting an investigation into the allegation.
The police spokesperson maintained that the transaction was purely a banking error and that the funds were returned to the Anambra State Government’s account shortly after the discovery.
READ ALSO : Court Restrains Sowore, Sahara Reporters From Publishing Alleged Defamatory Content Against IGP Egbetokun
Public Scepticism, Analysts Demand Transparency
Despite the clarification, the explanation has continued to generate controversy, with critics questioning how such a substantial sum could be mistakenly transferred into the account of the son of the nation’s top internal security official.
Investigative journalist Fisayo Soyombo, in a reaction shared online, questioned the plausibility of the error, noting Nigeria’s large banking population and arguing that the circumstances surrounding the transfer raise legitimate concerns.
Similarly, commentator Morris Monye described the incident as an “expensive mistake,” expressing doubts over how N100 million could erroneously land in a single private account without internal safeguards flagging the transaction beforehand.
Analysts who spoke on the development said the controversy underscores broader concerns about transparency in the management of security vote funds, which are typically discretionary and not subject to detailed public accounting. They argue that while mistaken transfers can occur in banking operations, the source of the funds and the profile of the recipient inevitably heighten public scrutiny.
However, supporters of the police position insist that the prompt reversal and the petition to the EFCC demonstrate a willingness to subject the matter to investigation.
As of press time, neither the Anambra State Government nor the EFCC had issued a separate public statement detailing the transaction trail or confirming receipt of a formal petition.
The development adds to ongoing public debate about accountability in public finance management and the handling of security-related funds, with observers saying a transparent investigation may be necessary to put lingering doubts to rest.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
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