The Osun State House of Assembly has passed the Osun State Local Government Accounts Administration Bill, 2025, aimed at regulating the opening, management, and operation of local government accounts across the state.
According to a statement signed by Olamide Tiamiyu, Chief Press Secretary to the Speaker, the legislation is designed to “enhance accountability, prevent financial misuse, and ensure strict compliance with statutory fiscal procedures at the local government level.”
Under the new law, signatory authority on all local government accounts will be limited to the Directors of Finance and Directors of Administration and General Services of the local government areas.
The bill also explicitly prohibits political office holders and their appointees from serving as signatories, a move seen as an effort to reduce political interference in local government finances.
Addressing lawmakers after the bill’s passage, Speaker Adewale Egbedun said a clean copy of the bill would be forwarded to Governor Ademola Adeleke for assent. “Once signed into law, this legislation will promote financial prudence, institutional integrity, and improved service delivery at the grassroots level,” Egbedun stated.
The passage of the Local Government Accounts Administration Bill comes after the Assembly recently approved two other significant bills: the Islamic and Traditional Marriages (Registration) Bill and the Water Users’ Association (Irrigation) Bill, aimed at strengthening social institutions and promoting agricultural development across the state.
With this legislative move, the Osun Assembly seeks to strengthen transparency and accountability in the management of local government funds, reinforcing public trust in grassroots governance.
