The Economic and Financial Crimes Commission (EFCC) has said the temporary restriction placed on an Osun State Government bank account will be lifted once investigators are satisfied that transactions on the account are no longer suspicious.
This was just as the anti-graft agency also disclosed that, under the law, the restriction can only remain in force for 72 hours before it must obtain a court order if it intends to extend the action.
Speaking on Arise TV morning programme on Thursday, the EFCC Director of Public Affairs, Wilson Uwujaren, explained that the restriction was a preventive measure aimed at preserving funds in the account while it investigates alleged suspicious financial transactions linked to the Osun State Government.
According to the commission, investigators observed unusual movements of funds from the account to several entities within the past week, prompting the decision to place the account under a “Post No Debit” restriction.
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