The Federal Capital Territory (FCT) Police Command has distanced itself from any ongoing investigation into allegations of ₦180 million missing funds belonging to an NGO associated with VDM. In a post shared via its official X (formerly Twitter) handle by the “Nigerian stories”,the Command stated, “We are not aware of any case involving VDM’s missing funds and are not conducting any investigation into it.”
This development follows a recent announcement by VDM on his official social media platforms, alleging that his NGO’s funds, totaling ₦180 million, had been diverted by hackers through the organization’s website. According to VDM, the cyberattack resulted in the redirection of funds meant for the NGO’s operations.
The revelation has sparked a wave of public skepticism and criticism. Many questioned the credibility of VDM’s claims, with one widespread query being, “How can funds held in a bank account be diverted through a website?” Others accused VDM of failing to implement adequate cybersecurity measures, further compounding doubts about the incident.
The controversy has left the public divided. While some supporters sympathize with VDM and call for immediate recovery efforts, others argue that the incident may point to internal mismanagement rather than external interference.
Despite the public backlash, VDM has yet to provide detailed evidence or clarify how the alleged cyber theft was carried out. Financial experts have also weighed in, noting that funds stored in a bank are unlikely to be directly compromised through a website unless it serves as a payment gateway or is linked to third-party platforms.
As of now, no official investigation has been launched by the police or any relevant financial regulatory bodies. The incident, however, has reignited discussions on the importance of cybersecurity for NGOs and other organizations handling significant amounts of money.
The silence of law enforcement and financial institutions in the face of such a high-profile case has only fueled speculation. Is this a genuine case of cyber fraud, or is there more to the story than meets the eye?
VDM’s NGO remains under scrutiny, with many urging the organization to come forward with transparent accounts and a timeline of the events leading to the alleged hacking incident. Until then, the mystery surrounding the missing ₦180 million remains unresolved, leaving the public with more questions than answers.
As the dust settles on this controversial claim, the focus has shifted to the need for robust cybersecurity frameworks and better accountability mechanisms for NGOs. Will this incident serve as a wake-up call for organizations to tighten their digital defenses, or will it fade into obscurity as just another unsolved mystery? Only time will tell.
PIONEER NEWS 