The Economic and Financial Crimes Commission (EFCC) says it froze the bank account of the Osun state government over alleged fraudulent handling of N11 billion ecological and intervention funds.
In a statement on Wednesday, the anti-graft agency said it has been investigating the Osun state government since March regarding the alleged mishandling of the funds.
The agency said some officials of the state government, including the accountant-general of the state, had been interviewed by EFCC investigators.
The agency said amid the probe, it observed that huge transfers of funds were being made from the account into different corporate entities since August 2.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026,” the statement
