Account Freeze: Osun Government Rejects EFCC’s ₦11bn Looting Allegation, Describes Action as Illegal

The Osun state government has rejected allegations by the Economic and Financial Crimes Commission (EFCC) linking it to the alleged looting of ₦11 billion, insisting that the claims are unfounded and the freezing of some of its bank accounts is unlawful.

In a statement, the state government maintained that it had not misappropriated public funds as alleged by the anti-graft agency. It argued that the decision to freeze the affected accounts lacked legal justification and was capable of disrupting government operations and service delivery.

The government further accused the EFCC of acting outside the bounds of the law, stressing that due process must be followed in the conduct of investigations involving public institutions.

While reaffirming its commitment to transparency and accountability in the management of public resources, the state said it would explore all lawful avenues to challenge the account freeze and protect the interests of the people of Osun.

The development follows the EFCC's clarification that only selected Osun State Government accounts were frozen as part of an ongoing investigation into the alleged diversion of ₦11 billion, and not all of the state's bank accounts as widely reported.