EFCC Chairman, Ola Olukoyede. Photo: EFCC
The Economic and Financial Crimes Commission has released the Osun State Government accounts which were earlier frozen “to prevent the alleged diversion of public funds”.
Saturday PUNCH confirmed on Friday that the accounts, domiciled with First Bank of Nigeria and Zenith Bank, are now functioning.
EFCC had on August 5 placed a Post No Debit on the state government accounts, claiming that it had been investigating the government since March 2026 over the alleged fraudulent handling of about N11bn in Ecology Funds, Intervention Funds and allocations from the Federation Account Allocation Committee.
The development triggered backlash as many people considered it a political move to weaken Governor Ademola Adeleke before the just-concluded election.
