Close Menu
Titansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, BusinessTitansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, Business
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Titansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, BusinessTitansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, Business
    Subscribe Login
    • Home
    • News
      • Politics
      • Metro
      • World News
      • Entertainment
      • Sports
    • Business
    • Health
    • Lifestyle
    • Technology
    Titansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, BusinessTitansloaded – Breaking News, Nigerian News, Top Stories, Politics, Entertainment, Sport, Business
    • Home
    • News
    • Business
    • Health
    • Lifestyle
    • Technology
    Politics

    CBN And AGF’s Plan To Divert LG Funds Is Unlawful – Osun State

    Folami DavidBy Folami DavidJune 20, 2025Updated:June 20, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Osun State
    Osun State
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Osun State Government has said that the Governor of the Central Bank of Nigeria and the Accountant General of the Federation are planning to pay statutory funds due to Osun State local government areas into the private accounts of some individuals. The state recently alleged that both offices are rushing to pay the money to thwart the cases already filed at the Supreme Court of Nigeria.

    Speaking via a press statement signed by the State Commissioner for Local Government and Chieftaincy Affairs, Dosu Babatunde, the state revealed that 2 Federal Government Agencies conniving to pay Government money into private accounts is clearly a violation of public finance regulations.

    According to the state commissioner, after the Osun State government found out about the plan, its officials quickly introduced the accounting officers of the 30 local governments to the CBN, however, the apex bank ended up rejecting the list.

    Dosu stated that the state eventually found out that CBN is planning to pay the allocation into private accounts of former Governor Gboyega Oyetola’s men who submitted their names without the input of the accounting officers.

    “As a government, we are of the strong contention that this is quite sad, unfortunate, and unconstitutional for these two Federal Government Agencies to conclude plans to pay Government money into private accounts. This will amount to an open violation of public finance regulations.

    When Osun State Government first heard about this plan, it quickly took a step through the office of the Auditor General for Local Governments in the state by sending a letter to the CBN, introducing the accounting officers of each of the 30 local governments to them such as the Heads of Local Government Administrations (H.L.A) and Director of Finance.

    However, to our great consternation and dismay, the CBN Osogbo office rejected the list with strong suspicion that it planned to pay the allocation of Osun Local Governments to private accounts of former Governor Gboyega Oyetola’s men who submitted their names without the input of the accounting officers of all the LGs in Osun State,” it read.

    Read Also: AAC Is The Only Genuine Opposition Party In Nigeria, The Rest Are Under APC’s Control – Sowore

    Insisting that the plan is unlawful, he disclosed that the decision was taken without the consent of President Bola Tinubu or the Minister of Finance.

    He concluded by warning that any money paid into any private account will lead to serious consequences for everyone involved.

    “Any money paid into the private account of any individual is not and will never be Osun State Local Government money, and the consequence for this will be very severe as Osun State Government will not spare any action in line with the dictates of the law in order to redress such anomaly,” he added.

    AGF CBN Osun State
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleOnly Applicants Who Fully Meet The Criteria For Registering New Parties Will Be Successful – INEC
    Next Article I Became A Traitor To The Bigger Community After I Lost Weight – Khloe Kardashian
    Folami David
    • Website

    Related Posts

    “Choose If You Want To Be Honoured By More Than 230 Million Nigerians Or Tinubu” – Labour Party To Prof. Joash Amupitan

    October 11, 2025

    Trump’s Nobel Prize Snub Won’t Stop Him From Saving More Lives – White House

    October 11, 2025

    State Pardon Proves Bola Tinubu’s Belief In National Healing – APC

    October 10, 2025

    “There Was No Need To Dance Around Rufai Oseni’s Question” – Seyi Makinde Tells Dave Umahi

    October 10, 2025
    Leave A Reply Cancel Reply

    • It Costs Between N150M – N500M To Announce A New Mavin Artiste – Don Jazzy
    • I Don’t Sabotage Fellow Female Artists – Tiwa Savage
    • Ganduje Wasn’t Named FAAN Board Chairman To Be A Mere Figurehead – Festus Keyamo
    • Stop Praying For Someone God Is Trying To Punish – Mary Njoku
    • Reunited Long-Distance Couples Learn to Live Together

    Facebook X (Twitter) Instagram Pinterest
    © 2025 Titansloaded. Designed by Titansloaded.

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

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?