President Bola Tinubu has ordered the Economic and Financial Crimes Commission (EFCC) to vacate the freezing of Osun State government bank accounts, citing embarrassment over the timing of the development. This was disclosed in a statement issued by the president as posted by his official spokesperson, Mr Bayo Onanuga on Thursday. The development comes less than 24 hours after the Commission stated that its freezing move followed an investigation of 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 billion.
What the President is Saying
The President stated it has come to his notice that the EFCC obtained a court order on August 5, 2026, freezing the accounts of the Osun State Government. “I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action. ” This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action,” he stated. He directed the EFCC to immediately proceed to the court to vacate the order and discontinue whatever action it has instituted against the Osun State Government in this regard. According to him, since assuming office, he has consistently maintained that anti-corruption and law enforcement agencies must be allowed to discharge their statutory responsibilities independently, professionally, without fear or favour, or political interference. More details to follow….
