A Federal High Court sitting in Ibadan, Oyo State, on Wednesday, 22 July 2026, restrained the Economic and Financial Crimes Commission (EFCC) from proceeding with its planned investigation into the finances of the Oyo State Government, describing the exercise as speculative.
Delivering judgment in suit FHC/IB/CS/61/2025, filed by the Oyo State Government, Justice Nkeonye Maha acknowledged the EFCC’s statutory powers to investigate financial infractions and crimes but emphasised that such powers must be exercised strictly in line with the Constitution and the Rule of Law.
According to the judge, the EFCC’s proposed investigation into Oyo State’s finances, particularly the demands contained in its letter of 2 June 2025, was speculative and amounted to a fishing expedition. His Lordship noted that the constitutional rights of the plaintiffs to fair-hearing could not be trampled upon under the guise of investigation.
The Oyo State Government instituted the suit after receiving the EFCC’s letter
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