An Osogbo Magistrate Court has issued a bench warrant against United Bank for Africa (UBA) Plc and three of its senior executives over alleged illegal opening and operation of accounts linked to Osun State local government allocations.
The action followed a charge filed by the Osun State Attorney-General after complaints from local government chairmen that unauthorized accounts were opened to receive and manage LG funds. The case, marked MOS/601C/2025, was instituted against UBA and three officials of the bank.
Those named in the charge are Mr Oliver Alawura, Group Managing Director of UBA; Mr Billy Odura, Group Legal Adviser; and Mr Chukwuma Nweke, Deputy Managing Director. The prosecution alleges that the bank permitted the opening and operation of accounts not authorized by the Osun State Government for local government funds.
The matter is also linked to the ongoing local government leadership dispute in the state, following the nullification of a previous council election by the Federal High Court in Osogbo. The state government maintains that officials produced by that exercise are not legally entitled to control council affairs or funds.
Reacting to the court’s decision, Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi, said the case centers on the lawful control of local government finances. He expressed confidence in the judiciary to handle the matter without fear or favour.
The court adjourned further hearing to February 10, 2026, as the legal process continues.