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Why We Froze Osun State’s Government Account – EFCC

The Commission explained that it was investigating the Osun State government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only

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The Economic and Financial Crimes Commission (EFCC) has revealed reasons for freezing the bank account of the Osun State government ahead of governorship election in the state.

In a statement clarifying its position on Wednesday, the Commission explained that it was investigating the Osun State government since March, 2026, regarding alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only).

To this end, some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.

These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.

The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.

The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources.

The Commission cannot watch idly while a state government’s account is being pillaged.

While the Commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state.

It will be uncharitable for the Commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions.

It is equally needful to state that the Commission is keeping watch over the finances of other states like Osun State.

Many of these states are on the investigative radar of the Commission to ensure accountability and probity.

The Commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians.

The Osun State government account was frozen to save public funds from being looted.

The public is enjoined to ignore false narratives and deliberate demonization of the works of the EFCC.

The interests of all Nigerians are greater and will always be protected by the Commission.

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Politics

Again, Desmond Elliot begs political mentor,Gbajabiamila , “I’m sorry, Daddy”

The latest apology is not the first time Elliot has publicly sought forgiveness from Gbajabiamila over the political disagreement.

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“I’m sorry. I have no excuse; I have nothing other than to say I’m deeply sorry. I’m deeply sorry, sir. And in our culture, we prostrate. Don’t be angry, Daddy.”

The above statement was made by

Lagos State lawmaker and actor, Desmond Elliot, during a meeting with Femi Gbajabiamila, and other party chieftains in Lagos, where he went on his knees and prostrated before the Chief of Staff (CoS) to President Bola Tinubu
. In a video shared by Lagos Junction on X on Sunday, Elliot begged for forgiveness and reconciliation following his actions during the last All Progressives Congress (APC) primary election.

The lawmaker representing Surulere Constituency I in the Lagos State House of Assembly also reaffirmed his loyalty to the APC leadership and appealed for an end to any disagreement between him and Gbajabiamila.

The latest apology is not the first time Elliot has publicly sought forgiveness from Gbajabiamila over the political disagreement.

During an earlier appearance on TVC’s Your View, Elliot acknowledged that he may have offended his political mentor through his political engagements, while maintaining that any misunderstanding between them was not deliberate.

“I’m not saying, oh, yes, media will come out, oh yes, Desmond begs again. Yes, because he’s my egbon. And I grew up learning everything I knew in politics through him,” he said.

He added, “To err is human, to forgive is divine. So I’m sorry, my daddy, if I’ve offended you in any way.”

The dispute occurred amid the political tensions surrounding the Lagos State House of Assembly leadership crisis, during which Gbajabiamila said he faced difficulties at the Presidency over allegations concerning Elliot’s political activities.

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I will concede defeat if 2027 election is credible — Obi

However, Obi maintained that he won the 2023 presidential election, saying those who conducted the poll knew what happened.

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The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has declared that he will concede defeat in the 2027 presidential election if the poll is free, fair and credible.

Obi stated this in an interview aired on Arise TV on Thursday, saying he would respect the will of Nigerians if they chose another candidate.

“If the election is free, fair and credible, I will because it’s an election. It’s the people that would say who they want to serve, and I will respect the will of the people; that’s democracy,” he said.

However, Obi maintained that he won the 2023 presidential election, saying those who conducted the poll knew what happened.

“I did, and I will maintain that as long as I live that I won the 2023 election. Those who conducted it know the records; they know why there was a glitch and what happened,” he said.

Fielding question on what about “turn-by-turn” presidency, Obi said elections should not be determined by tribe or religion.

“Election should not be driven by tribe or religion. Today, in terms of qualification, I’m qualified to be president of Nigeria. I have the competence; I have been all over the world studying what it takes to be president of a country, and I know what I can do to turn around this country in the right direction.”

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Trump promises $5,000 ‘dividend’ to U.S. citizens if Republicans win midterms

It is estimated that the total proposed “Trump dividend” payout would cost more than $1 trillion — raising questions about how such an expense would be funded and its impact on fiscal strain facing the Federal budget.

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U.S. President Donald Trump has promised every adult American citizen a $5,000 “dividend” if the Republicans are victorious at the upcoming midterm elections.

Americans will vote in the midterms in early November, with the Democrats currently projected to win control of the House of Representatives.

Such a result would likely create barriers to Trump’s legislative agenda and send a signal about public opinion on the president’s policy mix throughout his second presidential term.

“Here is my promise: if the Republicans win the House of Representatives and the United States Senate, both of them… because of our tremendous strength and success economically, I will issue a dividend to every adult citizen in the United States of America for $5,000,” he told a crowd at the GOP’s midterm convention in Dallas.

“I’m asking you to pretend that I’m on the ballot,” he added.

It is estimated that the total proposed “Trump dividend” payout would cost more than $1 trillion — raising questions about how such an expense would be funded and its impact on fiscal strain facing the Federal budget.

The potential payout compares to the $1.27 trillion the U.S.

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