Why we froze Osun govt accounts — EFCC

The Economic and Financial Crimes Commission has explained why it froze the bank accounts of the Osun State Government, saying the action was taken to prevent the alleged diversion The Economic and Financial Crimes Commission has explained why it froze the bank accounts of the Osun State Government, saying the action was taken to prevent the alleged diversion...

• The Economic and Financial Crimes Commission has explained why it froze the bank accounts of the Osun State Government, saying the action was taken to prevent the alleged diversion The Economic and Financial Crimes Commission has explained why it froze the bank accounts of the Osun State Government, saying the action was taken to prevent the alleged diversion of public funds despite the state’s August 15 governorship election.The anti-graft agency disclosed this in a statement posted on its official X account on Wednesday, saying it had been investigating the Osun State Government since March 2026 over the alleged fraudulent handling of about N11bn in Ecology Funds, Intervention Funds and allocations from the Federation Account Allocation Committee.
• Some officials of the state government, including the Accountant General, had already been questioned as part of the ongoing investigation.The EFCC said the investigation alone would not have warranted freezing the accounts, but claimed it detected suspicious movement of funds from the government’s accounts beginning August 2.
• “These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.