President Bola Tinubu has distanced self from the freezing of Osun State account, while directing the Economic and Financial Crimes Commission to immediately unfreeze the account.
The directive follows widespread condemnation, with many accusing the President of being behind the development.
Reacting in a statement on Thursday, the President said the directive was necessary to protect public confidence in the democratic process, noting that the state was only days away from its governorship election.
“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,” the President said.
The EFCC had in a statement on Wednesday defended the move, insisting that its actions were within the law and that it had the authority to place restrictions on accounts suspected to be linked to financial crimes.
The anti-graft agency also stated that it could freeze accounts for 72 hours without a court order before seeking judicial approval for further restrictions.
Tinubu, however, said actions taken by federal institutions were often attributed to him as President, regardless of whether he had prior knowledge of them.
“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,” he stated.
The President said since assuming office, he had maintained that anti-corruption and law enforcement agencies should operate independently without interference.
“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,” Tinubu said.
He added that he had deliberately avoided directing or interfering in the operational activities of the EFCC or other investigative agencies because of his belief in strong democratic institutions.
“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,” he said.
Tinubu noted that although he was yet to be fully briefed on the facts that informed the EFCC’s decision to seek the court order, the timing of the action required his intervention.
“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,” the President said.
He said the proximity of the election made it necessary to avoid actions that could undermine confidence in the electoral process.
“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,” Tinubu added.
The President said his directive was issued in the overriding public interest and to preserve the integrity of the democratic process.
“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,” he said.
Tinubu subsequently ordered the commission to discontinue the action against the state government.
“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,” the statement read.
