The Economic and Financial Crimes Commission (EFCC) has given reasons for freezing the bank account of the Osun State government citing specific provisions of the law as its authority.
The Commission said it has been busy investigating the Osun state government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only).
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.
The commission’s Director of Public Affairs, Wilson Uwujaren, said the action did not require a prior court order, contrary to claims by the state government and the Nigerian Bar Association.
“As we indicated in the statement released by the Commission, we took that step to preserve the account of the Osun State Government.
“We observed in the past one week that activities on that account looked suspicious, and based on the mandate of the Commission, we took the step of placing a restriction on that account to preserve it,” he said.
“That restriction order does not mean that all the accounts of Osun State have been frozen. No. It is just a targeted restriction on one account of the Osun State Government,” He concluded.
Uwujaren’s defence of the commission’s legal authority followed a demand by Osun State Governor, Ademola Adeleke, for EFCC Chairman Ola Olukoyede to justify the freeze, which he described as illegal.
