An indigene of Oyo State, Mr Akinloye Olusegun, has petitioned the Economic and Financial Crimes Commission, EFCC, looking for an investigation into the state authorities’s loans, bonds and budgetary expenditures from 2019 to 2026.
The petition additionally referred to as for a forensic audit and verification of the ₦30 billion Bodija explosion intervention fund reportedly domiciled in an account with First Bank of Nigeria Plc.
The petition, dated October 20, 2026, was submitted by way of his solicitors, Umar & Alofe, to the EFCC Executive Chairman in Abuja.
In the petition, the attorneys mentioned their consumer wished the fee to study the state’s monetary transactions to decide whether or not public finance legal guidelines had been adopted and whether or not public funds had been correctly managed.
They mentioned the request was made underneath Sections 6 and seven of the Economic and Financial Crimes Commission (Establishment) Act, 2004, and Section 15(5) of the 1999 Constitution, as amended.
The attorneys described Akinloye as a involved stakeholder and indigene of Oyo State who wished the fee to use its statutory powers to study the federal government’s monetary actions over the interval.
The petition particularly requested the investigation of presidency loans, bonds and budgetary spending, alongside the verification of the ₦30 billion intervention fund related to the January 2024 Bodija explosion in Ibadan.
“The Bodija explosion resulted in deaths, injuries and property damage, making government intervention necessary, while the funds and related financial transactions require independent verification to ensure compliance with relevant laws and proper use of public resources,” the petition said.
