The Economic and Financial Crimes Commission (EFCC) has firmly rejected assertions of political interference after placing a Post No Debit (PND) restriction on key bank accounts operated by the Osun State Government.
In an official statement released in Abuja on Wednesday night, August 5, 2026, the commission maintained that the action was taken to halt the immediate siphoning of ₦11 billion in state allocations. The agency forcefully refuted allegations that the restriction was designed to cripple governance or tip the scales in the upcoming August 15, 2026 Osun governorship election.
According to the EFCC’s Head of Media and Publicity, Dele Oyewale, the commission has been quietly conducting a comprehensive investigation into Osun State’s financial records since March 2026.
The probe centers on the alleged mismanagement and diversion of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) Allocations
Oyewale noted that while key administration officials, including the Accountant-General of Osun State had already undergone rounds of questioning in recent months, the routine inquiry did not initially warrant an outright freezing of state accounts. However, dramatic financial movements recorded earlier this week forced the commission’s hand.
”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,” Oyewale stated. “The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend.”
The anti-graft agency’s late-night defense followed a fiery press statement issued earlier on Wednesday in Osogbo by the Osun State administration.
Speaking on behalf of Governor Ademola Adeleke, the Commissioner for Information and Public Enlightenment, Kolapo Alimi, accused the commission of carrying out a targeted political hit job just ten days before state residents head to the ballot box.
State officials confirmed that at least one main operational account hosted with First Bank, responsible for civil service salary payouts and state distributions had been locked under the PND directive.
Dismissing charges of partisanship, the EFCC reaffirmed that electoral schedules cannot serve as a shield against financial accountability, adding that several other state governments remain under similar financial monitoring.
