The Economic and Financial Crimes Commission (EFCC) has clarified that it did not freeze all bank accounts belonging to the Osun State Government, stating that only one account linked to an ongoing investigation was placed under temporary restriction.

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The clarification followed reports suggesting that the anti-graft agency had frozen multiple accounts operated by the state government. Speaking during an interview on Arise News on Thursday, EFCC Director of Public Affairs, Wilson Uwujaren, said the commission acted only after detecting suspicious financial activities on a specific government account, stressing that the measure was part of a lawful investigation and not politically motivated.

According to Uwujaren, the account was temporarily restricted to preserve funds while investigators examined transactions that raised concerns. He explained that the EFCC has the statutory authority to impose such restrictions during investigations and insisted that the action should not be interpreted as a blanket freeze on the finances of the Osun State Government.

“EFCC placed a temporary restriction on one Osun State government account after observing suspicious activities in the past week. This does not mean all Osun State accounts are frozen, only the targeted one. EFCC has the power to issue such temporary restrictions,” Uwujaren said.

He further assured that the restriction would be lifted once the commission concluded its investigation and established that the transactions were legitimate and not connected to any fraudulent activity.

The EFCC also dismissed suggestions that the investigation was influenced by politics or connected to the August 15 Osun State governorship election, maintaining that its actions were guided solely by its constitutional mandate to investigate financial crimes.

The commission had earlier disclosed that the restriction followed the discovery of what it described as unusually large transfers from the government account to suspicious corporate accounts. According to the EFCC, the investigation centres on the alleged fraudulent management of approximately ₦11 billion in public funds, with investigators examining the movement of money and the identities of the beneficiaries.

The anti-graft agency reiterated that the ongoing probe remains focused on establishing the facts surrounding the transactions and ensuring accountability in the management of public resources, while urging the public to disregard reports suggesting that all Osun State government accounts had been frozen.