EFCC explains freezing of Osun government accounts
The Economic and Financial Crimes Commission (EFCC) has clarified its decision to freeze the bank accounts of the Osun State Government. The commission stated that the move was to prevent the alleged diversion of public funds amid ongoing investigations. Ademola Adeleke, the Osun State Governor, has criticized the action, calling it illegal and lacking a court order. The EFCC maintains that its actions are in the public interest and not politically motivated.
Key takeaways
- The EFCC said it froze Osun State Government accounts to stop alleged diversion of public funds.
- Investigations into the state’s finances reportedly began in March 2026 and involved the questioning of officials, including the Accountant General.
- The commission flagged suspicious fund movements from government accounts starting August 2, 2026, leading to the freeze.
- Ademola Adeleke challenged EFCC Chairman Ola Olukoyede to publicly justify the action and directed the state Attorney General, Oluwole Jimi-Bada, to seek legal redress.
- The EFCC insists it is acting within its mandate to protect public funds and is monitoring the finances of other states as well.
