A Chief Magistrate’s Court in Osogbo, Osun State, has scheduled January 30, 2026, for the hearing of a criminal case filed by Osun State government against United Bank for Africa Plc (UBA) and four top officials over the alleged illegal opening of local government accounts.

Defendants:

• UBA Plc
• Group Managing Director: Oliver Alawuba
• Company Secretary & Group Legal Adviser: Billy Odum
• Deputy Managing Director: Chukwuma Nweke

Case Details:

• The 31-count charge alleges that UBA and its officials conspired to commit felony by opening, operating, and maintaining bank accounts for Osun’s 30 local government councils without proper authorization.
• The accounts were allegedly controlled by unknown private individuals, rather than the statutory signatories introduced by the Local Government Service Commission.
• Charges reference Section 516 of the Criminal Code and the Osun State Local Government Accounts Administration Law, 2025.
• The matter was adjourned to January 30, 2026, and no plea has yet been entered.

Significance:
The case is likely to attract considerable public and legal attention, given its potential impact on local government finances and the involvement of a major commercial bank.