Controversy still lingers on the Federal Government’s N30bn intervention to the Oyo State Government as the Human and Environmental Development Agenda has petitioned the Economic and Financial Crimes Commission over alleged “diversion, misapplication and criminal breach.
The N30bn was released by the FG in the aftermath of the January 2024 Bodija explosion in Ibadan.
The petition, signed by HEDA Chairman, Mr Olanrewaju Suraju, and addressed to the EFCC Chairman, Mr Olanipekun Olukoyede, queried the status of the fund released for the compensation of explosion victims, reconstruction and emergency relief.
In the petition dated January 5, 2026, the group expressed concern that only about N4.5bn intervention funds were reportedly applied to relief and compensation for victims, while the FG’s N30bn remained largely unaccounted for.
“The organisation is concerned that only about N4.5bn intervention funds were reportedly applied to relief and compensation for victims, while the entire N30bn remains largely unaccounted for,” the petition read.
There had been furore in the public space after a former Ekiti State Governor, Mr Ayodele Fayose, during a national television interview, raised the alarm over the FG’s release of N50bn to the Oyo State Government as intervention funds for the explosion victims and Old Bodija reconstruction.
The Oyo State Government had acknowledged receipt of the FG funds but clarified that it received N30bn, which it said remained untouched until it gets the balance of N20bn.
Following the state government’s disclosure, victims of the explosion demanded the release of the N30bn to complement earlier support received, which they described as inadequate compensation.
HEDA, in the petition made available to The PUNCH on Sunday, raised questions about transparency and accountability, noting that the funds were kept in a commercial bank at interest for over a year without public disclosure by the Oyo State Government.
The group demanded that the EFCC mandate the Oyo State Government to provide transparent public disclosure or a comprehensive account of the total intervention funds received, how they were spent and the status of any unspent balance.
It added, “These allegations raise serious concerns bordering on corruption, abuse of office, diversion of public funds, criminal breach of trust and possible money laundering, all of which fall within the statutory mandate of the EFCC.”
While acknowledging that Section 308 of the 1999 Constitution grants immunity from prosecution to a sitting governor, HEDA stressed that such immunity does not bar investigation, especially on matters involving public funds.
“Constitutional immunity does not preclude investigation, particularly in issues relating to accountability and the management of public resources,” the statement read.
The group therefore charged the EFCC to launch a thorough, impartial and professional investigation into the “receipt, management and utilisation of all Federal Government intervention funds released to Oyo State in connection with the Bodija explosion.”
The Makinde government has, however, stressed that the fund is still intact.
It noted that the money was still in a dedicated account, saying it had not committed it to use because it was still expecting the N20bn balance of the N50bn the FG promised.
