EFCC Gives Reasons for Freezing Osun State Government Account

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.

The EFCC stressed that its preventive mandate is to safeguard public funds and that the timing of the freeze should not be linked to the upcoming governorship election in Osun State.

"It will be uncharitable for the Commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions," it added.

The anti-graft agency also revealed that other states are currently on its investigative radar to ensure accountability and probity in the management of public resources.

The EFCC urged the public to ignore what it described as "false narratives and deliberate demonization" of its work, reiterating that it remains non-partisan and committed to protecting the interests of Nigerians.

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