Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe

    August 6, 2026

    Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks

    August 6, 2026

    Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress

    August 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe
    • Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks
    • Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress
    • Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness
    • OMO Debit Drains Money Market Liquidity, Overnight Rate Dips
    • Naira Falls as Interbank FX Turnover Dips 52% on Reduced Deal Count
    • XRP Dives to Technical Battleground as Grayscale’s GXRP Trust Selloff
    • Monetary Policy Focused on Price Stability in 2025 – CBN
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, August 6
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe

    Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 6, 2026 News No Comments2 Mins Read
    Tinubu Orders EFCC to Vacate Court Order on Osun's N11bn Probe
    Bola Ahmed Tinubu, Nigerian President
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe

    President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately return to court and vacate the order freezing the bank accounts of the Osun State Government, describing the timing of the agency’s action as “deeply embarrassing.”

    The directive was disclosed on Thursday in a statement issued by the President and shared by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga.

    The EFCC had, on August 5, 2026, secured a court order freezing Osun’s accounts. Less than 24 hours later, the Commission confirmed the move was linked to an ongoing probe that began in March 2026. The investigation centers on alleged fraudulent handling of Ecology Funds, Intervention Funds, and FAAC allocations amounting to N11 billion.

    In his statement, President Tinubu clarified that his concern was not with the EFCC’s mandate or the court order itself, but with the optics of the timing.

    “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,” Tinubu said. “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.”

    The President ordered 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.”

    He reiterated that since assuming office, his administration has maintained that anti-corruption and law enforcement agencies must operate independently and professionally, “without fear or favour, or political interference.” #Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe# Why 57 Properties Linked to Malami Should Be Forfeited Permanently -EFCC

    EFCC OSUN STATE Tinubu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks

    Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress

    Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness

    OMO Debit Drains Money Market Liquidity, Overnight Rate Dips

    Naira Falls as Interbank FX Turnover Dips 52% on Reduced Deal Count

    XRP Dives to Technical Battleground as Grayscale’s GXRP Trust Selloff

    Add A Comment

    Comments are closed.

    Editors Picks

    Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe

    August 6, 2026

    Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks

    August 6, 2026

    Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress

    August 6, 2026

    Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness

    August 6, 2026

    OMO Debit Drains Money Market Liquidity, Overnight Rate Dips

    August 6, 2026
    Latest Posts

    Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks

    August 6, 2026

    Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress

    August 6, 2026

    Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness

    August 6, 2026

    OMO Debit Drains Money Market Liquidity, Overnight Rate Dips

    August 6, 2026

    Naira Falls as Interbank FX Turnover Dips 52% on Reduced Deal Count

    August 6, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.