No Looting Of ₦11bn In Osun, Commissioner Replies EFCC
The Osun State government has dismissed an allegation by the Economic and Financial Crimes Commission (EFCC) that N11 billion was looted from the state’s account, calling the statement a failed attempt to cover up illegal action through unfounded allegations.
According to a statement signed by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo, on Wednesday, the state alleged that the real reason the Commission froze the state account “on the order of Gboyega Oyetola was to stop the payment of palliatives which the state government promised the workers some months ago. This account freezing marks the climax of Oyetola/Ambo’s historic anti-workers’ obsession.”
The state maintained that it had paid its workers palliatives following negotiations to cushion the effects of the country’s economic challenges.
“Fortunately, we have paid the palliatives to all Osun state workers. The latest payment of palliatives followed negotiation arising from workers’ request to cushion the effect of the harsh economic climate. This was not the first time such a cost of living subsidy was paid to Osun workers.
“All material facts point to the fact that the commission is pursuing a hatchet job for the Osun APC by illegally freezing the state account and falsely accusing the government of looting ecological and other state funds. We don’t loot public funds in Osun state; we deliver on public goods and services.
According to the statement, available state resources have been allocated to infrastructure, workers’ welfare, and sectoral development.
“There is no fund to loot in Osun state as the little resources we have are expended on the many mega projects, workers welfare and sectoral developments for the benefit of the masses. We reject attempts to tarnish the image of our hardworking governor.
The government alleged that the EFCC had been investigating top officials since March 2026 without finding evidence of wrongdoing.
“The EFCC has been conducting a witch-hunting investigation since March, 2026, without any indicting evidence against top officials. Government officials are being harassed on a weekly basis, all with the sole aim of distracting them from delivering good governance to the Osun population.
Osun has won several awards on budget and auditing transparency. Assuming but not conceding that the EFCC has any evidence of looting as posited, there are established procedures for bringing suspects to book instead of a politically motivated, unlawful freezing of government accounts without recourse to the rule of law.
“It is sad that a commission will lie to destroy the image of a state to cover up an illegal action that has backfired. This alibi from the commission is an afterthought and it cannot stand the test of truth in reality and court of public opinion.”
The explanation followed the EFCC’s explanation on why it froze the bank accounts of the Osun State Government, saying the action was taken to prevent the alleged diversion of public funds despite the state’s August 15 governorship election.