The Economic and Financial Crimes Commission (EFCC) says it freezes bank accounts belonging to the Osun State Government to prevent further alleged diversion of public funds currently under investigation. Multiple reports state that the EFCC’s action follows its ongoing probe into the alleged mismanagement of about N11 billion. The commission says it was prompted by suspicious fund transfers and movements involving the state government and transfers to different accounts. EFCC officials also say the freeze is not intended to influence the state’s forthcoming governorship election. According to the accounts, the EFCC is investigating the handling of the funds and has interrogated state officials as part of the case. Media reports note that the EFCC links the account freeze to steps meant to stop alleged looting while investigations continue. The commission’s explanation is presented as a response to questions about the timing of the action, given that it occurs days before the election.
EFCC explains freezing Osun State government accounts amid N11 billion probe
The Economic and Financial Crimes Commission (EFCC) says it freezes bank accounts belonging to the Osun State Government to prevent further alleged diversion of public funds currently under investigat...
- The EFCC says it froze Osun State Government bank accounts as part of an ongoing investigation.
- The investigation concerns allegations involving about N11 billion in public funds.
- The EFCC cites suspicious fund transfers or movements, including transfers to different accounts.
- EFCC says the freeze is meant to prevent further alleged diversion of funds while investigations continue.
- EFCC states the action is not connected to the state’s forthcoming governorship election.
EFCC investigates Osun State's alleged mismanagement of N11 billion in public funds, freezing accounts to prevent further looting ahead of elections.
1 hour agoEFCC says suspicious fund transfers by the state government to different accounts prompted the freezing of the account. The post UPDATED: EFCC confirms freezing Osun govt’s account appeared first on Premium Times Nigeria.
1 hour agoThe EFCC said it has interrogated the state officials over an ongoing investigations into the handling of N11 billion. The post EFCC confirms freezing Osun govt’s account appeared first on Premium Times Nigeria.
1 hour agoThe Economic and Financial Crimes Commission, EFCC, on Wednesday night defended its decision to freeze the Osun State Government's bank accounts, insisting the action was aimed at stopping the alleged diversion of about N11 billion in public funds under investigation and was not connected with the state's forthcoming governorship election. The post Why we froze Osun govt bank accounts – EFCC appeared first on Vanguard News.
1 hour agoThe Economic and Financial Crimes Commission, EFCC, has explained its decision to freeze the Osun State Government’s account, saying the action was taken to prevent the alleged diversion of public funds. According to a statement posted via the commission official handle, the anti-graft agency said it had been investigating the Osun State Government since March […] Why we froze Osun govt account days before election – EFCC
2 hours agoThe EFCC explains why it froze Osun State Government accounts, citing suspicious fund movements to prevent alleged diversion of public funds. Read More: https://punchng.com/why-we-froze-osun-govt-accounts-efcc/
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