IGP Egbetokun Declares Banking Sector a National Asset

The Inspector General of Police (IGP), Egbetokun, has declared Nigeria's banking sector a national asset and ordered an immediate crackdown on cybercrime networks that facilitate transnational financial crime syndicates threatening the stability of the financial system. During a strategic meeting with the Chartered Institute of Bankers of Nigeria, Egbetokun emphasized a proactive approach to disrupt organized criminal enterprises targeting financial institutions.

He announced a significant policy shift, stating that regular police officers would no longer be routinely deployed for cash transit escorts or non-essential VIP protection duties within the private sector. This move aims to optimize manpower within the force and align with national policy directives.

Egbetokun warned of the evolving risks posed by technologically driven threats, stressing the urgency of integrating intelligence responses to tackle modern financial crimes. He disclosed plans to intensify covert operations against kidnapping syndicates and illegal arms networks.

The meeting included major bank executives, highlighting the collaboration needed to combat these emerging threats.