N100million Transferred In Error To Son Of Outgoing IGP Egbetokun From Anambra Security Vote – Nigerian Police

The Nigeria Police Force has claimed that N100million was transferred in error from the Anambra State Government’s (ANSG) security vote account to Victor Adewale Egbetokun, son of outgoing Inspector-General of Police (IGP), Kayode Egbetokun.

The Force Public Relations Officer, Benjamin Hundeyin, disclosed this on Monday while appearing as a guest on Politics Today, a programme on Channels Television.

Hundeyin said the money was transferred in error and reversed back to the Anambra state government account.

“You could remember when he said N100m 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. He said he saw N100m in his account, and I told my accounts officer to reverse the money immediately, which he did,” he said.

Earlier, SaharaReporters reported Egbetokun’s removal as Inspector General of Police.

He is to be succeeded by Tunji Disu, the Assistant Inspector General of Police overseeing the Force Criminal Investigation Department (FCID) Annex in Alagbon, Lagos

“Egbetokun was at the (Presidential) Villa yesterday and was told to go and prepare his handover notes. I believe he has done that already and he will be handing over to Tunji Disu,” a source had said

“He is incompetent and the scandals are just too many. He is power-drunk. The President said he should leave to focus on getting treatment for himself. You know, he has kidney-related medical issues.”

Previously, SaharaReporters reported that Victor, son of IGP Egbetokun, had been accused of financial impropriety following allegations that he received a total of ₦100 million from the Anambra State Government’s (ANSG) security vote account at a time when the state was grappling with serious security challenges.

Multiple sources with direct knowledge of the transactions told SaharaReporters that the funds were allegedly transferred from the Anambra State Security Vote (VI) account domiciled with Sterling Bank into Victor Egbetokun’s personal Zenith Bank account.

The transfers, which were reportedly carried out in September 2025, have raised serious questions about the handling of security funds meant to confront insurgency and violent crimes in the South-East.

According to a document obtained by SaharaReporters, the Anambra State Security Vote VI account, with account number 0102521622 at Sterling Bank, allegedly transferred the sum of ₦100,000,000 into a Zenith Bank account, number 4236010637, bearing the name Victor Adewale Egbetokun.

Sources familiar with the matter said Victor Egbetokun was neither a serving police officer nor a civil servant, and held no official position within the Anambra State Government or any recognised security agency.

Despite this, he allegedly received funds drawn from a highly sensitive security vote account, which is traditionally reserved for intelligence gathering, operational logistics, and emergency responses to security threats.

A document obtained by SaharaReporters shows that ₦100 million was transferred in four separate tranches of ₦25 million each on September 12, 2025. Each transaction was described as an “InBranch NIP” payment to the account of Victor Adewale Egbetokun.

Details of Transfers: First tranche: ₦25,000,000 – Transaction No. 000001250912172436115936847375; second tranche: ₦25,000,000 – Transaction No. 000001250912172407229724925587; third tranche: ₦25,000,000 – Transaction No. 000001250912172302539326850852 and fourth tranche: ₦25,000,000 – Transaction No. 000001250912172103310554730414.

Sources say the transfers raised concerns and were brought to IGP Egbetokun’s attention, who allegedly objected upon discovering the funds had been paid into his son’s personal account. He reportedly warned his son about the potential legal implications, referencing the 2005 Tafa Balogun scandal, and ordered the immediate return of the money.

A document shows that the ₦100 million was electronically reversed on September 29, 2025, in four tranches of ₦25 million each, with the description “OWDS REVERSAL 20250929 145959.”

Despite the electronic reversal, sources told SaharaReporters that the funds were later withdrawn in cash and redeposited into the son’s Zenith Bank account days afterward.

“If you study the records carefully, you’ll see three stages,” the source said. “First, the electronic transfers to his account. Second, the reversals back to the security vote account. Third, cash withdrawals and deposits back into his account.”

The police record shows that on October 2, 2025, ₦100,000,000 was deposited into Victor Egbetokun’s Zenith Bank account in four cash tranches of ₦25 million each.

The cash deposit transactions were as follows: First deposit, ₦25,000,000 with transaction number: 15039864828, description: CASH DEPOSIT GL.

Second deposit: ₦25,000,000 with transaction number: 15039863135, description: CASH DEPOSIT GL.

Third deposit: ₦25,000,000 with transaction number: 15039862781, description: CASH DEPOSIT GL.

Fourth deposit: ₦25,000,000, transaction number: 15039864829, description: CASH DEPOSIT GL

All the four deposits amounted to ₦100,000,000.
(SaharaReporters)