The Economic and Financial Crimes Commission (EFCC) has reportedly placed a restriction on a bank account belonging to the Osun State Government less than two weeks before the state’s governorship election. The account, which is domiciled with First Bank, was said to have been affected by the action on Wednesday.
According to information contained in documents cited by Vanguard, the account is used by the state government for the payment of workers’ salaries. The anti-graft agency reportedly placed a Post No Debit restriction on the account, preventing withdrawals and other debit transactions.
The reported move comes about 10 days before the August 15 governorship election in Osun State, where political parties are making final preparations for the poll.
Details surrounding the reason for the restriction have not been made public. As of the time the report emerged, the EFCC had not released an official statement explaining the action, while the Osun State Government had also not publicly reacted to the development.
The reported restriction has attracted attention because of its timing, with many awaiting further clarification on whether it could affect salary payments and other financial activities of the state government. More information is expected as officials provide updates on the matter.