EFCC Battles Scandals Over Looted Recovered Assets

The Economic and Financial Crimes Commission (EFCC) has initiated reforms following the dismissal and detention of operatives involved in exhibit theft.

A series of scandals, including the theft of gold bars worth over ₦1 billion and cash totaling $400,000, has placed the anti-graft agency under intense public scrutiny.

Advertisement

The EFCC’s spokesman, Dele Oyewale, revealed in a statement on January 6, 2025, that the agency is undergoing an internal audit aimed at accountability and transparency.

“The development in the commission is triggered by internal cleansing that is ongoing,” Oyewale noted, emphasizing the agency’s commitment to integrity.

These incidents have sparked public outrage and calls for reforms.

A security source described the theft as “highly disappointing,” attributing it to poor access control and lack of preventive measures.

“Allowing unchecked access to exhibits like dollars and gold bars is a serious temptation,” the source explained.

In response, EFCC Chairman Ola Olukoyode has ordered audits of all zonal offices, restricted access to exhibit rooms, and implemented round-the-clock surveillance.

This proactive approach has been lauded by analysts who believe it will restore public trust.

As one official remarked, “Our chairman is a transparent man; that is why he is not hiding the misconduct.”

While the EFCC’s actions aim to restore its credibility, experts urge continuous monitoring and ethical training for operatives to prevent future lapses.

1 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement