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Home News

“The N100m Paid into Egbetokun’s Son’s Account Was a Banking Error” – Police Clarifies Controversy

February 25, 2026
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The Nigeria Police Force has clarified that the N100 million transferred into the personal bank account of Victor Egbetokun, son of the outgoing Inspector-General of Police, Kayode Egbetokun, was the result of a banking error and was swiftly reversed.

The explanation followed an online publication alleging that the funds were traced to the Anambra State Government’s security vote account.

Photo of Benjamin Hundeyin

Speaking on Politics Today on Channels Television, the Force Public Relations Officer, Benjamin Hundeyin, said the transaction was flagged by Victor himself, and that corrective action was taken without delay.

“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 he told his accounts officer to reverse the money immediately, which he did,” he added.

According to Hundeyin, Victor subsequently printed his bank statement and presented it to the police authorities to demonstrate that the money had been returned. He also disclosed that the account in question was eventually closed.

EFCC

“He printed out his statement of account. He showed me. The young man was forced to close down that account. He has written a petition to the Economic and Financial Crimes Commission for that allegation to be investigated,” the police spokesperson stated.

The police further maintained that the transfer was purely accidental and that the funds were refunded to the Anambra State Government’s account shortly after the discrepancy was noticed. Authorities insisted that there was no misconduct linked to the transaction, describing it as a mistaken payment that was promptly corrected.

What You Should Know

The controversy emerged after allegations circulated online claiming that public funds from Anambra State’s security vote were diverted into a private account.

The Nigeria Police Force has denied any impropriety, stating that the deposit was a banking mistake identified by the account holder and reversed immediately. The matter has reportedly been referred to the Economic and Financial Crimes Commission for independent investigation.

The incident comes amid heightened public scrutiny of public officials and their families, making transparency and swift clarification critical in maintaining public trust in law enforcement institutions.

Tags: Benjamin HundeyinKayode EgbetokunNigeria Police ForceVictor Egbetokun
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