Why we froze Osun govt bank account —EFCC
The Economic and Financial Crimes Commission (EFCC) has given reasons for for placing a no debit order in a bank account operated by the Osin State government domiciled with First Bank Plc. The state government had recently cried out over the action of the anti-graft agency, which it insinuated had a political undertones, as it […] The post Why we froze Osun govt bank account —EFCC appeared first…
The Economic and Financial Crimes Commission (EFCC) has provided the reasoning behind placing a no debit order on a bank account belonging to the Osun State government, managed by First Bank Plc. Although the state government had previously criticized the action, the EFCC explained that the move was made to prevent funds from being stolen.
In a statement released on Wednesday, Dele Oyewale, Head of Media and Publicity at the EFCC, emphasized that the account was frozen to protect public funds from being looted and to stop the irregular transfers of funds into suspicious accounts. The EFCC had been investigating the Osun government since March 2026 concerning fraudulent handling of various funds, amounting to N11 billion.
Officials of the state government, including the Accountant General, had already met with EFCC investigators. While the election in Osun State is approaching, the EFCC remains committed to its duty of safeguarding state funds, regardless of the upcoming election. The commission remains non-partisan and non-sectarian, working in the overall interest of Nigerians.
Written by urgent.news from Ripples Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
