Police Dismiss N100 Million Transfer to IGP’s Son as "Banking Error" Amid Security Concerns

The Nigeria Police Force has officially addressed a growing controversy involving Victor Egbetokun, the son of the outgoing Inspector General of Police, Kayode Egbetokun, describing the transfer of 100 million Naira into his personal account as a technical banking error.

According to Force spokesperson CSP Benjamin Hundeyin, four separate transfers of 25 million Naira each, originating from the Anambra State security vote, landed in Victor’s Zenith Bank account in September 2025. The police maintain that the funds were sent in error and were promptly reversed once the mistake was discovered. To underscore his lack of involvement, Victor has reportedly closed the account and filed a petition with the Economic and Financial Crimes Commission (EFCC) to investigate the origin of the transfers.

The timing of the revelation, which resurfaced as President Tinubu accepted the elder Egbetokun’s sudden resignation, has sparked intense public debate. The incident is particularly sensitive given that the funds were drawn from a security vote meant to combat the rising instability in the South-East, where Anambra State has faced persistent security threats.

The "banking error" explanation has left many observers skeptical. How does a high-security, government-vetted account accidentally type a private citizen’s ten-digit bank account number not once, but four consecutive times? Furthermore, while 100 million Naira was wandering into a private account, Anambra State was grappling with severe security challenges; how many lives could those "errored" millions have protected if they had reached the front lines instead of a personal dashboard?

As the EFCC begins its review of Victor’s petition, the incident remains a flashpoint for critics of the current administration’s transparency. Activist Omoyele Sowore, who originally raised the claim, has suggested that the "accidental" nature of the transaction warrants deeper scrutiny, especially as the nation navigates a major leadership transition within the police force.

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