Osun Govt Files Criminal Cases Against UBA Over LG Fund
The Osun State Government has reportedly instituted a suit against United Bank for Africa (UBA) Plc and three of its top executives over the alleged illegal handling of local government funds in the state.
The state government on December 28, 2025, filed a 31-count criminal charge before the Chief Magistrate Court of Osun State, Osogbo Magisterial District, against UBA Plc, its Group Managing Director, Mr. Oliver Alawuba, Group Legal Adviser, Mr. Billy Odum, and Deputy Managing Director, Mr. Chukwuma Nweke.
In the court document, the defendants are accused of conspiracy to commit a felony, specifically the alleged opening, operation, and maintenance of illegal Osun State Local Government Council accounts without lawful authority.
The alleged act, the prosecution stated, constitutes an offence contrary to and punishable under Section 516 of the Criminal Code, Cap 34, Volume 2, Laws of Osun State of Nigeria, 2002.
The remaining 30 counts stem from alleged violations committed on or about 9 December 2025, relating to the administration of local government funds. The offences are said to be contrary to Sections 2 and 3(1) and (2) of the Osun State Local Government Accounts Administration Law, 2025, and punishable under Section 5(1) and (2) of the same law.
The state government, acting on behalf of the affected local government councils, contends that the alleged actions undermined the statutory framework governing local government finances and breached recently enacted laws aimed at strengthening transparency and accountability in the management of council funds.
The matter came up for the first time on Tuesday, 6 January 2026, before His Worship, A.A. Adeyeba, Senior Magistrate Grade I. At the brief sitting, the court acknowledged the filing of the charges and adjourned the case to 30 January 2026 for hearing.
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
