BY MUSA IDRIS UMAR, FEBRUARY 24, 2026 | 03:57 PM
The Nigeria Police Force has acknowledged that N100 million from the Anambra State Government security vote account was transferred into the personal account of Victor Adewale Egbetokun, son of outgoing Inspector-General of Police Kayode Egbetokun.
Benjamin Hundeyin, Force Public Relations Officer, said the transfer was made in error and was later reversed.
Speaking on Politics on Channels Television on Monday, Hundeyin said the IGP’s son alerted authorities after noticing the funds in his account.
He said the money was returned immediately after the discovery.
The development comes amid reports that Kayode Egbetokun has been removed as Inspector-General of Police.
He is expected to be succeeded by Tunji Disu, Assistant Inspector General of Police in charge of the Force Criminal Investigation Department Annex in Alagbon, Lagos.
Reports by SaharaReporters alleged that the ₦100 million was transferred in four tranches of ₦25 million each in September 2025 from the Anambra State Security Vote VI account domiciled with Sterling Bank into a Zenith Bank account bearing Victor Adewale Egbetokun’s name.
Documents cited in the report listed detailed transaction numbers for the transfers described as “InBranch NIP” payments.
The same documents indicated that the ₦100 million was electronically reversed on September 29, 2025, also in four tranches of ₦25 million each.
However, sources quoted in the report claimed the funds were later withdrawn in cash and redeposited into the same Zenith Bank account on October 2, 2025.
The alleged cash deposits were also made in four tranches of ₦25 million each.
Sources further claimed the transactions raised concerns because Victor Egbetokun is neither a serving police officer nor a government official linked to the Anambra State security structure.
Hundeyin did not address the allegation of subsequent cash redeposits during his television appearance.
The controversy has surfaced at a time of leadership transition within the police hierarchy.
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