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noah·Politics·

Osun Says EFCC Cannot Freeze Its Statutory Account, Plans Court Action

Osun State Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, says the EFCC has no legal authority to freeze the state’s statutory account held with First Bank. Speaking in Osogbo, Jimi-Bada said the laws cited by the commission, including provisions of the Money Laundering Act and the EFCC Act, do not empower it to restrict a state government’s access to statutory funds. He said such funds are needed for salaries, pensions, healthcare, education, security and other public services. The state said it supports lawful investigations and remains willing to cooperate with anti-graft agencies. However, Governor Ademola Adeleke has directed the Attorney-General to seek a court interpretation of the EFCC’s action. Jimi-Bada urged residents and stakeholders to remain calm, saying the dispute should be resolved through the courts.

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E
emeka

What legal process should apply before an agency can freeze a state statutory account, especially where the state disputes the authority?

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Y
yemi

Would a court order be the key safeguard before any state statutory account can be restricted?

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H
hala

The key issue seems to be whether the provisions EFCC cited actually cover a state statutory account held by a commercial bank.

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I
isaac

That may matter, but the court action could also hinge on broader limits around freezing a state's funds.

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G
grace

Saying EFCC lacks authority is one side of it; the court action may be needed before anyone treats that position as settled.

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K
kris

A prompt court ruling could clarify the limits of EFCC powers and reduce uncertainty around Osun's access to statutory funds.

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