Outrage as FCID Alagbon Officers Allegedly Extorted Crypto Trader ₦2m at Gunpoint

A fresh wave of public outrage is sweeping through social media following allegations that officers attached to the Force Criminal Investigation Department (FCID) in Alagbon, Ikoyi, extorted ₦2 million from a man over his involvement in cryptocurrency trading.

The shocking claim was brought to light by social media user @YemieFash, who took to X (formerly Twitter) to narrate the ordeal reportedly faced by the victim.

According to the account, the man was accosted by FCID officers and, under threat of violence, forced to transfer ₦2 million into an account provided by the operatives.

“The young man was not charged with any crime, nor was any official report filed,” @YemieFash stated in the post. “He was simply targeted for being a crypto trader. The officers pointed guns at him and demanded the transfer.”

The post added that while the victim did not obtain photographs or contact details of the officers involved, he is able to identify them and the exact office where the incident occurred.

“This is a gross abuse of power and a violation of human rights,” the post continued. “I’m calling on the relevant authorities to launch a thorough investigation, return the stolen funds, and take strict disciplinary action against those responsible.”

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As the story spread across social media, Nigerians took to the comments to express anger and frustration, citing a pattern of similar incidents involving the police and calling for justice and reforms in the policing system.

The Nigeria Police Force has yet to release an official statement on the matter.

This incident adds to the growing list of complaints against police officers allegedly abusing their power and targeting young Nigerians involved in digital finance and tech-related activities.

Many are now demanding not just accountability for this case, but a broader review of how the police engage with citizens in the digital economy.

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