EFCC loses over $350,000, jewelries days after sacking 27 officials over fraud

In a troubling turn of events, the Economic and Financial Crimes Commission (EFCC) is now grappling with a major scandal involving the disappearance of substantial amounts of cash and valuables from its Lagos Zonal Command.

Credible sources told PRNigeria that between $350,000 and $400,000 has reportedly gone missing, along with expensive jewelry and other high-value items.

This disturbing revelation comes just days after the EFCC dismissed 27 of its officials due to misconduct and fraudulent activities, a move that has raised questions about accountability and oversight within the agency.

The dismissals which were announced on Monday, followed recommendations made by the EFCC Staff Disciplinary Committee and were subsequently ratified by the commission”s Chairman, Ola Olukoyede.

While the investigation into the missing funds is already underway, the EFCC finds itself in a precarious position as it seeks to restore public trust. The agency, which has long been regarded as the frontline warrior against financial crimes, is now facing scrutiny for alleged lapses in its internal controls.

As of the time of this report, efforts to reach the EFCC’s spokesperson, Dele Oyewale, for comments on this latest debacle have been unsuccessful. The absence of an official response raises further concerns about transparency and the agency’s commitment to addressing allegations of misconduct.

As the investigation unfolds, many are left wondering what measures will be taken to prevent future incidents and restore faith in an agency tasked with combating corruption. This latest scandal serves as a stark reminder of the challenges facing the EFCC in its mission to uphold integrity and accountability in Nigeria’s financial system.