Stella Dimoko Korkus.com: EFCC Freezes Osun State Government Account Over Suspicious N11bn Fund Transfers

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Thursday, August 06, 2026

EFCC Freezes Osun State Government Account Over Suspicious N11bn Fund Transfers

The Economic and Financial Crimes Commission has frozen an Osun State Government bank account after investigators detected sudden and suspicious movements of large sums of money. The EFCC says the freeze is part of an ongoing probe into alleged mismanagement of Ecology Funds, Intervention Funds and FAAC allocations totalling about eleven billion naira.



The investigation began in March 2026, and several officials, including the Accountant General, have already met with investigators. According to the EFCC, the account would not have been frozen based on the probe alone. What triggered the action was the transfer of huge amounts from state accounts into multiple company accounts starting on August 2, prompting a Post No Debit order to stop further withdrawals.

In its statement, the EFCC described the freeze as a preventive measure to protect public funds. The agency acknowledged the upcoming August 15 Osun governorship election but said it cannot overlook possible looting simply because an election is near. It added that it monitors the finances of other states as well and remains non‑partisan.

8 comments:

  1. APC is so brutal in its quest for power. What is this?
    The other states that had their governorship elections recently, we didn't hear of this kind of thing.
    This is truly political terrorism like ADC called it.

    ReplyDelete
    Replies
    1. Did you read to understand? What APC got to do with this?
      In case you didn't get the point, it's says " EFCC freezes Osun State government account".
      Meaning they suspected fraud activities,until they carried out an investigation.

      Delete
    2. 12:31, I know what I said and I said what I said.
      Which party is in power?
      Who controls the EFCC?

      Delete
  2. If God wan disgrace you, he go let you grant interview...

    ReplyDelete
  3. If it is like the EFCC said, then it's a good thing

    ReplyDelete

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