Figures and details cited by *The Punch* confirm that the Economic and Financial Crimes Commission (EFCC) has lifted the Post-No-Debit restriction previously placed on the operational accounts of the Osun State Government. The accounts, domiciled with commercial banks including First Bank of Nigeria and Zenith Bank, were restored to active status following an intervention and direct order from President Bola Tinubu.
The anti-graft agency had initially restricted access to the state’s statutory allocation accounts on August 5 amidst investigations into suspected financial irregularities concerning approximately ₦11 billion in ecological allocations and intervention funds. The sudden account restriction generated significant political debate, prompting the Osun State Government to initiate legal proceedings against the commission.
Following the lifting of the restriction, the state government instructed its legal team to withdraw its pending lawsuit against the EFCC from the Federal High Court. Presidential aides confirmed that the administrative directive was carried out immediately to ensure that state governance and civil service operations were not paralyzed.
Validating coverage from *Daily Post* affirmed the operational status of the accounts, citing a state government official who verified: “The accounts are now functional, which informed the Governor’s instruction to withdraw the suit against the EFCC”. Additionally, reporting in *Leadership Newspaper* highlighted comments from presidential media aides who noted, “the lien has been vacated completely in compliance with the presidential directive to maintain institutional stability”.
**Echotitbits take:**
The resolution of the Osun State account freeze highlights the delicate balance between anti-corruption oversight and maintaining state administrative functions. With access restored, the Osun State government can resume routine financial commitments, while the EFCC is expected to continue its inquiries without interrupting subnational public finance operations.
Source: The Punch – https://punchng.com/efcc-unfreezes-osun-accounts-after-tinubus-order/, August 22, 2026
Photo credit: The Guardian
