The Economic and Financial Crimes Commission (EFCC) has officially released its statement on the case involving Martins Innocent Otse, popularly known as VDM. According to the commission, the case began after receiving several petitions accusing him of various financial crimes.
These allegations were serious enough to trigger a formal investigation under the EFCC’s mandate to fight economic and financial crimes in Nigeria.
Despite multiple invitations sent to VDM through known channels, he reportedly refused to appear before the EFCC. This led to increased concerns about financial misconduct. The Commission emphasized that the issues raised in the petitions are significant and cannot be overlooked.
While VDM has been critical of the EFCC on social media and other platforms, the agency insists that his arrest was not influenced by those attacks. Rather, they are focused strictly on the allegations of fraud and economic crime, which are now under investigation by the appropriate authorities.
VDM is currently in EFCC custody, with a legal Remand Order obtained for his detention. However, he has been granted administrative bail and will be released once all conditions are met. This follows due legal process, which is part of how the EFCC handles financial crime cases.
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The Commission thanked the public for its strong interest but urged Nigerians to stop making negative assumptions about its motives. The EFCC promised to file charges as soon as the investigation is complete, in line with the law.