EFCC loses over $350,000, jewelries days after sacking 27 officials over fraud

In a troubling turn of events, the Economic and Financial Crimes Commission (EFCC) is now grappling with a major scandal involving the disappearance of substantial amounts of cash and valuables from its Lagos Zonal Command.

Credible sources told PRNigeria that between $350,000 and $400,000 has reportedly gone missing, along with expensive jewelry and other high-value items.

This disturbing revelation comes just days after the EFCC dismissed 27 of its officials due to misconduct and fraudulent activities, a move that has raised questions about accountability and oversight within the agency.

The dismissals which were announced on Monday, followed recommendations made by the EFCC Staff Disciplinary Committee and were subsequently ratified by the commission”s Chairman, Ola Olukoyede.

While the investigation into the missing funds is already underway, the EFCC finds itself in a precarious position as it seeks to restore public trust. The agency, which has long been regarded as the frontline warrior against financial crimes, is now facing scrutiny for alleged lapses in its internal controls.

As of the time of this report, efforts to reach the EFCC’s spokesperson, Dele Oyewale, for comments on this latest debacle have been unsuccessful. The absence of an official response raises further concerns about transparency and the agency's commitment to addressing allegations of misconduct.

As the investigation unfolds, many are left wondering what measures will be taken to prevent future incidents and restore faith in an agency tasked with combating corruption. This latest scandal serves as a stark reminder of the challenges facing the EFCC in its mission to uphold integrity and accountability in Nigeria's financial system. 1 Like 1 Share

The people who are meant to stop the thieves are thieves themselves. 1 Like 1 Share

No be small things!

Criminals in 'high places'!

Gaskiya problems dey oh. 1 Like 1 Share

What is the difference between these guys and the Yahoo boys the keep arresting? 1 Like 1 Share

Nigeria my country 1 Like 1 Share

Sigh... EFCC is even more corrupt than those they are hunting over corruption.


When your main corruption-fighting organization is rank with unspeakable corruption, then I wonder what can be said of other sectors...! 1 Like 1 Share

I usually laugh when I hear efcc doing stolen assets recovery.... It's like a thief robbing a thief 1 Like 1 Share

Gone with the wind grin
People tasked with catching thieves are thieves themselves grin

Pikin go call am wonders, but those wey don tey for Nigeria go call am normal thing. 1 Like 1 Share

Am I surprised? Naaaaah.
They should check well, the missing valuables could be more than what has been discovered. 1 Like 1 Share

Shame no catch them to even publish this as news 1 Like 1 Share

In USA, the DEA agents are known to redistribute drugs confiscated from cartels. Naija is not an exception. Efcc are just legal thieves themselves 1 Like 1 Share