ABUJA, Nigeria – The Economic and Financial Crimes Commission (EFCC) says it froze the bank accounts of the Osun State Government to prevent what it described as suspicious movements of public funds while investigating an alleged N11 billion ($7.2 million) fraud. Okay News reports that the commission said several state officials, including the Accountant General of Osun State, have already been questioned as part of the ongoing probe. The EFCC said it decided to place a Post No Debit restriction on the accounts after detecting what it described as unusually large transfers from government accounts into multiple corporate accounts beginning on August 2, 2026. According to the commission, the restriction was introduced to stop further movement of funds while investigations continue. The agency rejected claims that the action was linked to the forthcoming Osun State governorship election, insisting it has a legal duty to safeguard public resources regardless of the political calendar.