The Imole Campaign Council (TICC) has condemned the freezing of the Osun State Government’s bank accounts by the Economic and Financial Crimes Commission (EFCC), describing the action, taken days before the governorship election, as interference in the electoral process.
In a statement issued by the Chairman of its Media and Publicity Committee, Mr Bamidele Salam, the council described the action as an abuse of authority and an attack on the people of Osun State.
“It is quite ludicrous that a body established to fight infractions is, instead, enabling them. Nothing other than politics can explain the EFCC’s decision to freeze the Osun State Government’s accounts days before an election in which the incumbent is a candidate,” he said.
The Council further alleged that the timing of the action suggested political interference and maintained that while it supports accountability in governance, anti-corruption efforts should not be used as a tool for political persecution.
It therefore called on the EFCC to immediately lift the restriction on the accounts to allow governance and public services to continue uninterrupted.
However, the EFCC defended its action, saying “the accounts were frozen to prevent the alleged diversion of public funds despite the August 15 governorship election.”
In a statement posted on its official X account on Wednesday, the Commission said it had been investigating the Osun State Government since March 2026 over the alleged fraudulent handling of about N11 billion in Ecology Funds, Intervention Funds and Federation Account Allocation Committee (FAAC) allocations.
According to the commission, some state officials, including the Accountant General, have already been questioned as part of the ongoing investigation.
The EFCC said the investigation alone would not have warranted freezing the accounts, but claimed it detected suspicious movement of funds from the government’s accounts beginning August 2.
“These ongoing investigations of the state government would not have warranted any placement of a 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 stated.
It said it observed large transfers of funds into different corporate entities and acted swiftly to halt the transactions.
The Commission maintained that its preventive mandate requires it to safeguard public funds and that it could not ignore suspicious financial transactions because of the forthcoming governorship election.
“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,” the EFCC added.
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