A Federal High Court sitting in Ibadan, the Oyo State capital, has restrained the Economic and Financial Crimes Commission (EFCC) from investigating the finances of the Oyo State Government.
The court stopped the planned investigation on Wednesday.
The court, while halting the process, described the exercise
as speculative.
Justice Nkeonye Maha, while delivering judgement in Suit No.
FHC/IB/CS/61/2025 filed by the Oyo State Government under the leadership of
Governor Seyi Makinde, acknowledged the EFCC’s statutory powers to investigate
financial infractions and crimes.
The court, however, emphasised that such powers must be
exercised strictly in line with the Constitution.
It was gathered that the EFCC had written a letter to
the Accountant General of the state regarding the finances of the current
administration.
The state government, through its counsel, who also doubles
as the Attorney General of the state, Abiodun Aikomo, argued that the EFCC’s
investigation must be evidence-based and not mere speculation.
Aikomo maintained that the agency lacks the power to
investigate the finances of the administration at this material time.
The judge, while delivering the judgement, held that the
EFCC’s proposed investigation into Oyo State’s finances was speculative.
The judge then ruled in favour of the state government and
stopped the proposed investigation by the anti-graft agency.
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