The Osun State House of Assembly has passed the Osun State Local Government Accounts Administration Bill, 2025.
The bill, a statement by Olamide Tiamiyu, the Chief Press Secretary to the Speaker of the Assembly, Adewale Egbedun, said, will mark a significant step towards strengthening financial governance and transparency across the state’s 30 local government areas and area councils.
The statement said, “The legislation is designed to regulate the opening, management, and operation of Local Government Accounts in accordance with the provisions of Section 7(1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), which empowers the State Assembly to legislate on Local Government finances.
“The bill seeks to enhance accountability, prevent financial misuse, and ensure strict compliance with statutory fiscal procedures at the local government level.
“Under the new framework, signatory authority on all Local Government Accounts will now rest solely with the Directors of Finance and the Directors of Administration and General Services of the Local Government Areas.
“The bill expressly prohibits political office holders and their appointees from serving as signatories to these accounts, a move widely viewed as an effort to eliminate undue political interference in local government finances.”
Tiamiyu also added that after the passage of the bill, the Speaker of the House, Adewale Egbedun, announced that a clean copy of the bill will be transmitted to the Governor for assent.
“Once signed into law, the legislation is expected to promote greater financial prudence, institutional integrity, and improved service delivery across Osun State’s grassroots administrations,” the statement added.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
