The Economic and Financial Crimes Commission (EFCC) has reportedly frozen an Osun State Government account domiciled with First Bank, just days before the state’s governorship election.
The development comes amid heightened political activity in Osun ahead of the August 15 governorship poll.
EFCC freezes account
Reports indicate that the anti-graft agency placed restrictions on the account as part of its ongoing investigation activities.
The account is reportedly the Osun State Government’s statutory allocation account domiciled with First Bank.
The development has generated political interest because of its timing, coming approximately 10 days before the governorship election.
Election timing raises questions
The decision has attracted attention from political observers because the state is entering the final phase of its election campaign.
The EFCC, however, has reportedly linked the action to its investigation rather than the election itself.
The agency’s action comes as political parties intensify their campaigns and preparations ahead of the poll.
Osun election
The Osun governorship election is scheduled for August 15, with the incumbent administration and opposition parties preparing for a competitive contest.
The freezing of the account could therefore become an additional political issue as the election approaches.