A legal practitioner, Akinloye Olusegun, has called on the Economic and Financial Crimes Commission (EFCC) to investigate the finances of the Oyo State Government under Governor Seyi Makinde, including the N30 billion intervention fund released after the Bodija explosion in Ibadan.
Olusegun, in a petition to the anti-graft agency, requested a comprehensive probe of the state government’s expenditure from 2019 to 2026, covering infrastructure, healthcare and other public projects.
He also urged the commission to examine the disbursement and use of the N30 billion released to the state following the explosion in the Bodija area of Ibadan in January 2025.
The lawyer specifically asked the EFCC to scrutinise the state government’s accounts from November 4, 2024, when the funds were reportedly disbursed, and investigate the administration’s claim that it spent N24.6 billion of its own resources on the intervention.
The petition alleged that the intervention funds remained untouched as of December 31, 2025, and called on the commission to establish the status of the money and how it was managed.
The fund has been the subject of public debate following the state government’s explanation that the Federal Government did not release the full amount initially promised.
In December 2025, Makinde’s Chief Press Secretary, Sulaimon Olanrewaju, said the Federal Government had promised N50 billion but released N30 billion, leaving a balance of N20 billion outstanding.
Olanrewaju attributed the withholding of the balance to alleged demands for inducements, which he said Makinde refused to meet.
The petitioner further urged the EFCC to investigate loans reportedly obtained by the state government for projects in healthcare, agriculture and infrastructure.
The request seeks to extend scrutiny beyond the Bodija intervention fund to the broader management of public finances by the Makinde administration.
The allegations in the petition have not been established as findings of wrongdoing by the EFCC. The commission’s investigation, if undertaken, would be expected to determine how the funds were handled and whether any financial irregularities occurred.
Kehinde Ayanboade
Kehinde Ayanboade is the Managing Editor and Publisher of Naija Metro News, with over eight years of experience covering Nigerian politics, crime, legislative proceedings and metropolitan affairs.
