The Economic and Financial Crimes Commission, EFCC, is compelled to publicly address issues pertaining to its preventive moves in freezing the bank account of the Osun State government, without prejudice to the imminent governorship election in the state.
The Commission has been busy investigating the Osun state government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only). To this end, some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
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 Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.
The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources. The Commission cannot watch idly while a state government’s account is being pillaged. While the Commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the Commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions.
It is equally needful to state that the Commission is keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the Commission to ensure accountability and probity. The Commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.
The public is enjoined to ignore false narratives and deliberate demonization of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the Commission.
About the author
Rwanda vs Nigeria: Chelle reignites the Super Eagles’ aspirations for the 2026 World Cup in Kigali.
On Friday, Eric Chelle became the inaugural non-Nigerian African coach to take the helm of the Super Eagles. The Malian coach directed his first match, resulting in a 2-0 win against Rwanda during a qualifying round for the 2026 World Cup. Chelle's appointment by the Nigeria Football Federation (NFF) took place on January 7, as he replaced Finidi George and succeeded interim coach Augustine Eguavoen. Since that time, he has dedicated three months to traveling across Nigeria, observing domestic league matches, and engaging with his players based in Europe. However, his initial team selection remained perplexing. Chelle opted for a highly offensive formation in Kigali, which appeared unbalanced on paper. Victor Osimhen, Samuel Chukwueze, Ademola Lookman, and Moses Simon were all included in the attacking lineup, while Alex Iwobi and Wilfred Ndidi occupied the midfield positions. "I had mixed feelings. […]
NIGERIA READY FOR NEW ERA OF INVESTMENT, TRADE WITH SAUDI ARABIA — INFORMATION MINISTER
The Honourable Minister of Information and National Orientation, Mohammed Idris, has declared that Nigeria is open for business and ready to deepen investment, trade and tourism partnerships with the Kingdom of Saudi Arabia, as the Renewed Hope Agenda of President Bola Ahmed Tinubu continues to create new opportunities for economic growth and international collaboration. Speaking on Tuesday at the Nigeria–Saudi Diaspora Investment and Tourism Exhibition Summit 2026 in Abuja, the Minister said the Federal Government is implementing bold reforms aimed at building a competitive, investor-friendly economy driven by enterprise, innovation and private sector growth. “Nigeria is open for business and ready for deeper partnership with Saudi Arabia. Our economic reforms are creating new opportunities for investment, trade and tourism, and we invite investors to take advantage of the enormous potential our country offers,” Idris said. Our correspondent reported that the […]
Why EFCC Froze Osun State’s Government Account
The Economic and Financial Crimes Commission, EFCC, is compelled to publicly address issues pertaining to its preventive moves in freezing the bank account of the Osun State government, without prejudice to the imminent governorship election in the state. The Commission has been busy investigating the Osun state government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only). To this end, some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC. 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 […]
DEFENCE MINISTER COMMENDS PRESIDENT TINUBU FOR HISTORIC ARMED FORCES SALARY INCREMENT
The Honourable Minister of Defence, General Christopher Gwabin Musa (Rtd), OFR, on behalf of the entire military establishment and the Ministry of Defence, expresses profound gratitude to the President and Commander-in-Chief of the Armed Forces, His Excellency President Bola Ahmed Tinubu, GCFR, for approving a historic 30 to 80 percent salary increment for Nigeria’s armed forces personnel. This landmark gesture, which takes effect from September 1, 2026, directly impacts approximately 250,000 personnel across all services. The strategic structuring of the package, yielding an 80 percent boost for junior ranks (Private to Staff Sergeant), a 50 percent increase for middle-tier officers and non-commissioned officers (Warrant Officer to Colonel), and a 30 percent increase for senior military leadership demonstrates an exemplary commitment to prioritising the operational welfare of frontline troops. Reacting to the announcement, the Honourable Minister described the presidential directive as […]
Tinubu administration willing to forge stronger partnership with Catholic Bishops, other stakeholders – Akume
The Secretary to the Government of the Federation (SGF), Senator George Akume, has said the Federal Government believes that many of Nigeria's pressing challenges can only be addressed through sustained partnership with faith communities, traditional institutions, civil society organisations, the private sector and citizens, stressing that constructive engagement is essential to promoting peace, social cohesion and national development. Akume said the administration of President Bola Tinubu would continue to deepen consultations with the Catholic Bishops' Conference of Nigeria (CBCN), other faith-based organisations and relevant stakeholders on issues affecting the country, maintaining that government remains open to honest counsel and would continue to govern with openness, accountability and evidence-based policies. He also assured that the Tinubu administration is neither seeking, nor in support of a one-party state, just as it remains deeply respectful of the independence of the Independent National Electoral […]
Obasanjo’s unending war against Yoruba leaders
Leaders like the late Ahmadu Bello, an active participant in the recruitment process of mostly disadvantaged Nigerian youths into the military and many model builders believe the major incentive for Nigerian youths and their counterparts elsewhere in West Africa for joining the military was the opportunity it provided to climb the social ladder. Additional incentives for many of the new recruits including the likes of Olusegun Obasanjo, driven by inferiority complex, was the potential acquisition of power and influence, through political intrigue and military tactics, instead of long years of intellectual and bureaucratic preparation which defined power wielders of the period. A young, very calculated Obasanjo therefore “ ‘set out early at dawn’, to scheme for power with great tenacity, without, in the words of Andrew Young, his friend and former United States’ UN permanent representative, “caring not about who […]
State govt, police probe killing of Catholic priest in Kogi
The Kogi State Police Command has confirmed the killing of a Catholic priest, Rev. Fr. Samuel Opeyemi Oyetoro. Oyetoro was a priest at St. Mary’s Catholic Church, Egbe, until his death. The late clergyman, who reportedly hailed from Ayetoro Gbede in Ijumu Local Government Area of Kogi State, was reportedly stabbed multiple times before his lifeless body was dumped by the roadside in Ajaokuta. The Kogi State Police Command, in its preliminary findings, disclosed that the deceased sustained severe machete cuts to the head. Sources said the cleric was on relief duty in Ajaokuta and had travelled to Lokoja to carry out banking transactions on Tuesday, July 28, 2026. He was allegedly killed while returning to Ajaokuta the same day. The Police Public Relations Officer in the state, ASP Salihu Afusat, confirmed the incident in a statement. “The incident is […]
Related
NIGERIA READY FOR NEW ERA OF INVESTMENT, TRADE WITH SAUDI ARABIA — INFORMATION MINISTER
The Honourable Minister of Information and National Orientation, Mohammed Idris, has declared that Nigeria is open for business and ready to deepen investment, trade and tourism partnerships with the Kingdom of Saudi Arabia, as the Renewed Hope Agenda of President Bola Ahmed Tinubu continues to create new opportunities for economic growth and international collaboration. Speaking on Tuesday at the Nigeria–Saudi Diaspora Investment and Tourism Exhibition Summit 2026 in Abuja, the Minister said the Federal Government is implementing bold reforms aimed at building a competitive, investor-friendly economy driven by enterprise, innovation and private sector growth. “Nigeria is open for business and ready for deeper partnership with Saudi Arabia. Our economic reforms are creating new opportunities for investment, trade and tourism, and we invite investors to take advantage of the enormous potential our country offers,” Idris said. Our correspondent reported that the […]
DEFENCE MINISTER COMMENDS PRESIDENT TINUBU FOR HISTORIC ARMED FORCES SALARY INCREMENT
The Honourable Minister of Defence, General Christopher Gwabin Musa (Rtd), OFR, on behalf of the entire military establishment and the Ministry of Defence, expresses profound gratitude to the President and Commander-in-Chief of the Armed Forces, His Excellency President Bola Ahmed Tinubu, GCFR, for approving a historic 30 to 80 percent salary increment for Nigeria’s armed forces personnel. This landmark gesture, which takes effect from September 1, 2026, directly impacts approximately 250,000 personnel across all services. The strategic structuring of the package, yielding an 80 percent boost for junior ranks (Private to Staff Sergeant), a 50 percent increase for middle-tier officers and non-commissioned officers (Warrant Officer to Colonel), and a 30 percent increase for senior military leadership demonstrates an exemplary commitment to prioritising the operational welfare of frontline troops. Reacting to the announcement, the Honourable Minister described the presidential directive as […]
Tinubu administration willing to forge stronger partnership with Catholic Bishops, other stakeholders – Akume
The Secretary to the Government of the Federation (SGF), Senator George Akume, has said the Federal Government believes that many of Nigeria's pressing challenges can only be addressed through sustained partnership with faith communities, traditional institutions, civil society organisations, the private sector and citizens, stressing that constructive engagement is essential to promoting peace, social cohesion and national development. Akume said the administration of President Bola Tinubu would continue to deepen consultations with the Catholic Bishops' Conference of Nigeria (CBCN), other faith-based organisations and relevant stakeholders on issues affecting the country, maintaining that government remains open to honest counsel and would continue to govern with openness, accountability and evidence-based policies. He also assured that the Tinubu administration is neither seeking, nor in support of a one-party state, just as it remains deeply respectful of the independence of the Independent National Electoral […]
Obasanjo’s unending war against Yoruba leaders
Leaders like the late Ahmadu Bello, an active participant in the recruitment process of mostly disadvantaged Nigerian youths into the military and many model builders believe the major incentive for Nigerian youths and their counterparts elsewhere in West Africa for joining the military was the opportunity it provided to climb the social ladder. Additional incentives for many of the new recruits including the likes of Olusegun Obasanjo, driven by inferiority complex, was the potential acquisition of power and influence, through political intrigue and military tactics, instead of long years of intellectual and bureaucratic preparation which defined power wielders of the period. A young, very calculated Obasanjo therefore “ ‘set out early at dawn’, to scheme for power with great tenacity, without, in the words of Andrew Young, his friend and former United States’ UN permanent representative, “caring not about who […]
State govt, police probe killing of Catholic priest in Kogi
The Kogi State Police Command has confirmed the killing of a Catholic priest, Rev. Fr. Samuel Opeyemi Oyetoro. Oyetoro was a priest at St. Mary’s Catholic Church, Egbe, until his death. The late clergyman, who reportedly hailed from Ayetoro Gbede in Ijumu Local Government Area of Kogi State, was reportedly stabbed multiple times before his lifeless body was dumped by the roadside in Ajaokuta. The Kogi State Police Command, in its preliminary findings, disclosed that the deceased sustained severe machete cuts to the head. Sources said the cleric was on relief duty in Ajaokuta and had travelled to Lokoja to carry out banking transactions on Tuesday, July 28, 2026. He was allegedly killed while returning to Ajaokuta the same day. The Police Public Relations Officer in the state, ASP Salihu Afusat, confirmed the incident in a statement. “The incident is […]
We Are Already Campaigning With Performance – Wike
Federal Capital Territory (FCT) Minister, Barr. Nyesom Wike, on Wednesday declared that the commencement of political campaigns ahead of the 2027 general elections would not distract this administration from delivering ongoing infrastructure projects, insisting that the government's greatest campaign strategy remains its performance. "We are already campaigning with our performance. The major campaign is to provide the dividends of democracy. What are you going to tell the people when you have nothing to show? Our campaign is showing what we have done," Wike said while inspecting ongoing road projects in Abuja. The minister stressed that governance and politics would not conflict under his watch, maintaining that the visible transformation across the FCT had already become the strongest campaign message for President Bola Tinubu's administration. "All we have to do is go back to the people and tell them we made […]
Be the first to leave a comment