President Bola Tinubu described the timing of the freezing of the Osun State Government’s account as deeply embarrassing to him.
President Bola Tinubu has ordered the Economic and Financial Crimes Commission (EFCC) to lift the freeze order restricting an account of the Osun State Government.
The directive came amid growing criticisms of the anti-corruption agency’s action, which has increasingly drawn condemnation as a politically motivated step.
EFCC ordered the freezing of the state government’s account on Wednesday, days before the 15 August governorship election in which Governor Ademola Adeleke is running on the platform of the Accord Party against the president’s party, the All Progressives Congress.
“I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action,” Mr Tinubu wrote.
“This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action.
The president said while he intentionally refrained from directing or interfering in the operational activities of the EFCC or any other investigative or prosecutorial agency, he felt compelled to intervene in the Osun State matter.
“Osun State is only a few days away from its gubernatorial election. Therefore, nothing ought to be done to give an impression that the EFCC or indeed any other agency of the federal government is being used to interfere with the election.
“Based on the foregoing premise, I am duty-bound to issue a directive on this issue in consonance with the overriding public interest in preserving public confidence and the integrity, credibility, and fairness of our democratic process,” Mr Tinubu said.
The EFCC had claimed it froze the account over the alleged fraudulent handling of N11 billion ecology, social intervention and federal allocations by the state.
It said it intervened with the freezing order to stop moving funds from the account into other suspicious accounts.
The president’s directive came just hours after the EFCC defended its decision to place a restriction on an Osun State Government bank account without first obtaining a court order.
Speaking during an interview on Arise Television on Thursday, the EFCC’s Director of Public Affairs, Wilson Uwujaren, said the anti-graft agency acted after detecting what it described as suspicious movements of funds from the account.
According to him, the restriction was intended to preserve public funds while investigations continue.
“We observed in the past one week that activities on that account looked suspicious, and based on the mandate of the Commission, we took the step of placing a restriction on that account to preserve it,” Mr Uwujaren said.
He said the commission did not freeze all the accounts belonging to the Osun State Government but only imposed a restriction on one account under investigation.
The commission’s defence comes amid growing criticisms of the enforcement action, which came less than two weeks before the governorship election.
Some lawyers, including the president of the Nigerian Bar Association (NBA), Afam Osigwe, have argued that the EFCC lacked the power to order a bank to restrict access to a government’s bank account, and that if it must do so, it must be based on a court order.
Rejecting the account restriction, the Osun State Government has also read political motivation into the EFCC’s action.
The state government described the action as unlawful and politically motivated.
Responding to criticism that the commission acted without judicial approval, Mr Uwujaren maintained that the EFCC possesses statutory powers to impose a temporary restriction on accounts suspected to be linked to financial crimes.
He cited Section 34 of the EFCC Act and Section 7(6) of the Money Laundering (Prevention and Prohibition) Act 2022 as empowering the commission to take such action.
According to him, the restriction can remain in place for up to 72 hours before the commission would be required to seek a court order if further restraint becomes necessary.
He also dismissed concerns that the restriction would cripple governance in Osun, noting that the state still has access to other accounts for its operations.
PREMIUM TIMES earlier reported that the EFCC placed a “Post No Debit” restriction on an Osun State Government account domiciled with First Bank, an account the state government said is used for workers’ salary payments.
The commission later disclosed that it had been investigating the Osun State Government since March over the alleged fraudulent handling of about N11 billion in Ecology Funds, Intervention Funds and Federation Account Allocation Committee (FAAC) allocations.
Read the full statement
STATEHOUSE STATEMENT
PRESIDENT TINUBU DIRECTS EFCC TO VACATE THE COURT ORDER FREEZING OSUN GOVERNMENT ACCOUNT
It has come to my notice that the Economic and Financial Crimes Commission (EFCC) obtained a court order on August 5, 2026, freezing the accounts of the Osun State Government. I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action. This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action.
