The Economic and Financial Crimes Commission(EFCC) has clarified that not all bank accounts belonging to the government were frozen amid its ongoing investigation into the financial activities of the current administration.
Speaking on Thursday during an interview on Arise News, EFCC Director of Public Affairs, Wilson Uwujaren, explained that only the specific account under investigation was placed under restriction.
According to him, the anti-graft agency acted after observing suspicious transactions linked to the account, stressing that the move was necessary to preserve funds while investigations continue.
Uwujaren further stated that the EFCC’s action carries no political motive, noting that it falls strictly within the agency’s constitutional mandate.
He added that the restriction would be lifted once investigations confirm that the transactions in question are legitimate and not fraudulent.
“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,” he said.
The commission had earlier disclosed that the account was frozen following the detection of unusually large transfers to suspected corporate entities. It also maintained that the action is unrelated to the August 15 governorship election, but part of an ongoing probe into the alleged mismanagement of about ₦11 billion in public funds.
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