EFCC Probes 18 States Over Alleged Mismanagement Of Funds

Adenuga Toheeb Ayoola

The Economic and Financial Crimes Commission has disclosed that it is investigating 18 states over alleged fund mismanagement as part of its efforts to promote accountability and safeguard public resources. The disclosure was made on Thursday by the EFCC’s Director of Public Affairs, Wilson Uwujaren, during an interview on Arise Television, although he declined to identify the states involved.

Uwujaren made the revelation while responding to questions about the commission’s decision to restrict an Osun State Government account, explaining that the move was one of several enforcement actions the agency had taken. According to him, investigations are ongoing in about 18 states, but revealing their identities at this stage could undermine the process.

He added that the restriction placed on the Osun State account was not unprecedented, recalling that the commission had taken a similar step against the Edo State Government before Governor Monday Okpebholo assumed office after suspicious financial transactions were detected. Uwujaren said the commission’s intervention helped preserve funds for the incoming administration, stressing that the EFCC’s actions were guided by the law and were not aimed at any particular state government.

On the Osun State Government’s plan to challenge the account restriction in court, he said the government was entitled to seek legal redress, adding that the commission would respond through the appropriate legal channels. He further explained that the EFCC derived its powers to temporarily restrict suspicious accounts from Section 34 of the EFCC Act and Section 7(6) of the Money Laundering (Prohibition) Act, 2022, noting that the agency must obtain a court order within 72 hours to either maintain or lift such restrictions.

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