The Economic and Financial Crimes Commission, EFCC, has placed a Post No Debit order on the bank accounts of the Osun State Government over alleged fraudulent handling of public funds to the tune of N11 billion. In a press statement released on Wednesday, the Commission said the action became necessary following suspicious movements of funds from state accounts since August 2, 2026. According to the EFCC, it has been investigating the Osun State Government since March 2026 regarding the alleged mismanagement of Ecology Funds, Intervention Funds, and Federal Account Allocation Committee, FAAC, allocations. The Commission disclosed that some officials of the state government, including the Accountant General, have been invited for questioning as part of the ongoing probe. "The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved," the statement read. T...
The Economic and Financial Crimes Commission, EFCC, has placed a Post No Debit order on the bank accounts of the Osun State Government over alleged fraudulent handling of public funds to the tune of N11 billion. In a press statement released on Wednesday, the Commission said the action became necessary following suspicious movements of funds from state accounts since August 2, 2026. According to the EFCC, it has been investigating the Osun State Government since March 2026 regarding the alleged mismanagement of Ecology Funds, Intervention Funds, and Federal Account Allocation Committee, FAAC, allocations. The Commission disclosed that some officials of the state government, including the Accountant General, have been invited for questioning as part of the ongoing probe. "The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved," the statement read. T...