BRT-NewsBRT-News
  • Tax Laws
  • Tax Policy/Guidelines
  • Tax Notices
  • Tariffs
  • Monetary Policy/Measures
  • Contact Us
Aa
Aa
BRT-NewsBRT-News
  • BANKING
  • REVENUE
  • TAXATION
  • TELECOMS & TECH
  • ECONOMY NEWS EXTRACT
  • BRAND & MARKETING
Search
  • BANKING
  • REVENUE
  • TAXATION
  • TELECOMS & TECH
    • Technology
  • ECONOMY NEWS EXTRACT
    • Political Economy
    • Investments/Capital Market
    • Oil & Gas/Power/Solid Minerals
    • Insurance & Pension
  • BRAND & MARKETING
Follow US
BRT-News > Budgeting > Tinubu Directs EFCC To Vacate Court Order Freezing Osun Bank Account
BudgetingCrime & Judiciary MattersEconomy News ExtraFiscal Law & ActLatest NewsPolitical EconomyRevenue

Tinubu Directs EFCC To Vacate Court Order Freezing Osun Bank Account

brtnews
Last updated: 2026/08/06 at 3:34 PM
brtnews
Share
4 Min Read
SHARE

President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately vacate the court order freezing Osun State account, saying he feels embarrassed by the timing of the anti-graft commission’s action, though legal.

Tinubu in a phone conversation with Governor Ademola Adeleke on Thursday informed him about his directive to the EFCC to lift the court order on the state government’s bank account.

Earlier, the state government had, during a media chat with journalists, maintained that it was heading to court to challenge the court order on the freezing of the account.

To douse the political tension triggered by the account freezing, the President in a statement personally signed by him to announce his directive to the EFFC clarified: “It has come to my notice that the Economic and Financial Crimes Commission (EFCC) obtained a court order on August 5, 2026, freezing the accounts of the Osun State Government. I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action. This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action.

- Advertisement -

“Since assuming office, I have consistently maintained that anti-corruption and law enforcement agencies must be allowed to discharge their statutory responsibilities independently, professionally, without fear or favour, or political interference. I have therefore deliberately refrained from directing or interfering in the operational activities of the EFCC or any other investigative or prosecutorial agency because I firmly believe that strong democratic institutions, operating within the confines of the law, are indispensable to democratic good governance and the rule of law.

“As President, I am committed to allowing institutions of State to function and take any action they consider necessary in the interest of proper governance without the need for any prior approval.  Indeed, that is why institutions are set up by law with clearly defined powers.    While I am yet to be fully apprised of the facts which informed the action of EFCC in approaching the court to obtain the said order freezing the Osun State Government account, I am not in the slightest doubt that the timing of the action of EFCC is inauspicious, and therefore I feel compelled to intervene.

“Osun State is only a few days away from its gubernatorial election. Therefore, nothing ought to be done to give an impression that the EFCC or indeed any other agency of the federal government is being used to interfere with the election.

“Based on the foregoing premise, I am duty-bound to issue a directive on this issue in consonance with the overriding public interest in preserving public confidence and the integrity, credibility, and fairness of our democratic process.

“Accordingly, I have directed the EFCC to immediately proceed to the court to vacate the order and discontinue whatever action it has instituted against the Osun State Government in this regard”, Tinubu added.

TAGGED: Budgeting, Economic and Financial Crimes Commission (EFCC), Economic Crime and Judiciary Matters, Osun State Governor - Ademola Adeleke, Political Economy, President Bola Tinubu, Tinubu Directs EFCC To Vacate Court Order Freezing Osun Bank Account
brtnews August 6, 2026 August 6, 2026
Share This Article
Facebook Twitter Copy Link Print

Newsletter

Subscribe for Latest News and Updates on Critical Tax & Revenue Issues

Fidelity ATM/Branch Locator

Editorial Policy

To report and analyze accurately and timely global banking, revenue and tax-related issues with special focus on developments in Nigeria without bias for any ideological, ethno-religious and political interests or sentiments in order to impact positively on the global monetary and fiscal policy systems.

About BRTNews

BRTnews.ng, is an online publication with a strong penchant for investigative journalism. We have specialized skills in reporting business and economy globally, but more particularly, banking and taxation matters.
Our team comprised of a few seasoned journalists whose high...

Read More

About BRTNews

BRTnews.ng, is an online publication with a strong penchant for investigative journalism. We have specialized skills in reporting business and economy globally but more particularly, banking and taxation matters.
Our team comprised of a few seasoned journalists whose high...

Recent Posts

  • AFC Supports Successful Close Of Nigeria’s Power Sector N728.9Bn Bonds September 23, 2026
  • SEC To Launch Nigerian Capital Market Master Plan 2.0, Savings Scheme September 23, 2026
  • NBS, ILO, EU Seek Stronger Social Protection Data In Nigeria September 23, 2026
  • CPPE Lauds CBN’s Lending Rates Review, Tasks Lenders On Transmission September 23, 2026
  • NITDA D-G Seeks Inclusive AI Deployment To Empowers Nigerians September 23, 2026
  • NMDPRA Uncovers Fuel Under-dispensing At Filling Stations September 23, 2026
  • Oyedele Urges Global Leaders On Infrastructure Financing In Africa September 23, 2026

You Might Also Like

BudgetingInvestments/Capital MarketLatest NewsOil & GasPlanning & Economic DevelopmentPower/ElectricityTechnology

AFC Supports Successful Close Of Nigeria’s Power Sector N728.9Bn Bonds

September 23, 2026
Economic Policies & RegulationsFiscal and Monetary Policy ReformsInvestments/Capital MarketLatest NewsPlanning & Economic DevelopmentPolitical EconomyRevenueTechnology

SEC To Launch Nigerian Capital Market Master Plan 2.0, Savings Scheme

September 23, 2026
Economy News ExtraLabour & Industiral Relations MattersLatest NewsPlanning & Economic DevelopmentPolitical EconomyStatisticsTechnologyTelecomms

NBS, ILO, EU Seek Stronger Social Protection Data In Nigeria

September 23, 2026
BankingBudgetingEconomic Policies & RegulationsFiscal and Monetary Policy ReformsForeign Exchange (Forex)Latest NewsManufacturingPlanning & Economic DevelopmentPrivatisation & CommerceRevenueStatisticsTaxationTechnology

CPPE Lauds CBN’s Lending Rates Review, Tasks Lenders On Transmission

September 23, 2026

ADDRESS

6 Acme Rd, Ikeja Lagos, Nigeria.
PHONE
+234-815-244-7828
brtnews.ng@gmail.com
BRT-NewsBRT-News
Follow US
© Copyright Brtnews 2024
  • About Us
  • Advertise With Us
  • Contact Us
  • Our Mission
  • Our Vision
  • Privacy Policy
Welcome Back!

Sign in to your account

Lost your password?