07/08/2026
Ten days to an election. A frozen state account. And a constitutional standoff.
The EFCC directed First Bank to place a post-no-debit restriction on Osun State's statutory allocation account, citing suspicious movement of N11 billion in ecology and intervention funds since August 2. NBA President Afam Osigwe warned that freezing a state government's account without a court order could paralyse governance and amounts to an abuse of power. The Osun State Government has vowed to seek judicial redress.
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The Nigerian Bar Association has challenged the Economic and Financial Crimes Commission over its decision to freeze Osun State Government’s statutory allocation account, arguing that the anti-graft agency lacks the constitutional authority to impose a blanket restriction on a state’s finances w...