EFCC freezes Osun State Government accounts on 5 August
EFCC froze the Osun State Government’s bank accounts on 5 August 2026 to prevent the alleged diversion of public funds, following investigations into the mismanagement of N11 billion ahead of the state’s elections.
By Cited Current Editorial Desk Published · Updated
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Immediate Account Suspension
On Friday, the EFCC ordered that all bank accounts held by the Osun State Government be frozen, halting any withdrawals or transfers from the state's coffers.
Rooted in Mismanagement Allegations
The commission cited mismanagement of public funds amounting to N11 billion as the reason for the freeze, asserting that the move was necessary to stop a further diversion of the state's finances.
Investigations Begin in March
EFCC officials have said that investigations into the handling of the N11 billion began in March, and that the agencies have interrogated state officials as part of the probe.
Timing Ahead of the Election
The decision to freeze the accounts came just days before the Osun state elections, underscoring the commission’s objective to prevent the exploitation of public resources during peak political activity.
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