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EFCC Faces Scrutiny Over Missing $400,000, Jewelry at Lagos Command

LAGOS, Nigeria (CHATNEWSTV) — The Economic and Financial Crimes Commission (EFCC) is under fire after reports emerged of the disappearance of between $350,000 and $400,000, along with expensive jewelry and other high-value items, from its Lagos Zonal Command.

An EFCC source disclosed the missing assets, which have sparked public outrage and intensified scrutiny of the anti-graft agency’s internal controls.

This revelation comes on the heels of the dismissal of 27 EFCC officers earlier this week over misconduct and fraudulent activities. The dismissals, announced Monday, were based on recommendations from the EFCC Staff Disciplinary Committee and ratified by Chairman Ola Olukoyede.

“The EFCC must address these lapses urgently to restore public confidence in its operations,” said a source familiar with the agency’s challenges.

The ongoing investigation into the missing funds raises serious questions about accountability within the EFCC, an agency once hailed as Nigeria’s premier institution for combating financial crimes.

Efforts to contact EFCC spokesperson Dele Oyewale for comment have so far been unsuccessful, fueling concerns about the agency’s transparency in handling the scandal.

As Nigerians await answers, the EFCC faces growing pressure to demonstrate its commitment to integrity and accountability in its operations. “The public deserves to know what steps are being taken to prevent such breaches in the future,” said a civil society advocate.

The latest scandal is a significant blow to the EFCC’s reputation and underscores the challenges it faces in its mission to uphold the rule of law and fight corruption in Nigeria’s financial system.

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