diff --git a/cmd/admin-handlers-users.go b/cmd/admin-handlers-users.go
index e7c6d4c25..53b5c173d 100644
--- a/cmd/admin-handlers-users.go
+++ b/cmd/admin-handlers-users.go
@@ -34,7 +34,6 @@ import (
 	"github.com/klauspost/compress/zip"
 	"github.com/minio/madmin-go/v3"
 	"github.com/minio/minio/internal/auth"
-	"github.com/minio/minio/internal/cachevalue"
 	"github.com/minio/minio/internal/config/dns"
 	"github.com/minio/mux"
 	xldap "github.com/minio/pkg/v3/ldap"
@@ -1235,18 +1234,6 @@ func (a adminAPIHandlers) AccountInfoHandler(w http.ResponseWriter, r *http.Requ
 		return rd, wr
 	}
 
-	bucketStorageCache.InitOnce(10*time.Second,
-		cachevalue.Opts{ReturnLastGood: true},
-		func(ctx context.Context) (DataUsageInfo, error) {
-			ctx, done := context.WithTimeout(ctx, 2*time.Second)
-			defer done()
-
-			return loadDataUsageFromBackend(ctx, objectAPI)
-		},
-	)
-
-	dataUsageInfo, _ := bucketStorageCache.Get()
-
 	// If etcd, dns federation configured list buckets from etcd.
 	var err error
 	var buckets []BucketInfo
@@ -1333,15 +1320,12 @@ func (a adminAPIHandlers) AccountInfoHandler(w http.ResponseWriter, r *http.Requ
 		rd, wr := isAllowedAccess(bucket.Name)
 		if rd || wr {
 			// Fetch the data usage of the current bucket
-			var size uint64
-			var objectsCount uint64
-			var objectsHist, versionsHist map[string]uint64
-			if !dataUsageInfo.LastUpdate.IsZero() {
-				size = dataUsageInfo.BucketsUsage[bucket.Name].Size
-				objectsCount = dataUsageInfo.BucketsUsage[bucket.Name].ObjectsCount
-				objectsHist = dataUsageInfo.BucketsUsage[bucket.Name].ObjectSizesHistogram
-				versionsHist = dataUsageInfo.BucketsUsage[bucket.Name].ObjectVersionsHistogram
-			}
+			bui := globalBucketQuotaSys.GetBucketUsageInfo(ctx, bucket.Name)
+			size := bui.Size
+			objectsCount := bui.ObjectsCount
+			objectsHist := bui.ObjectSizesHistogram
+			versionsHist := bui.ObjectVersionsHistogram
+
 			// Fetch the prefix usage of the current bucket
 			var prefixUsage map[string]uint64
 			if enablePrefixUsage {
diff --git a/cmd/bucket-quota.go b/cmd/bucket-quota.go
index b287fe6e3..f50a2d7b2 100644
--- a/cmd/bucket-quota.go
+++ b/cmd/bucket-quota.go
@@ -50,6 +50,9 @@ func (sys *BucketQuotaSys) Init(objAPI ObjectLayer) {
 	bucketStorageCache.InitOnce(10*time.Second,
 		cachevalue.Opts{ReturnLastGood: true, NoWait: true},
 		func(ctx context.Context) (DataUsageInfo, error) {
+			if objAPI == nil {
+				return DataUsageInfo{}, errServerNotInitialized
+			}
 			ctx, done := context.WithTimeout(ctx, 2*time.Second)
 			defer done()
 
@@ -59,7 +62,9 @@ func (sys *BucketQuotaSys) Init(objAPI ObjectLayer) {
 }
 
 // GetBucketUsageInfo return bucket usage info for a given bucket
-func (sys *BucketQuotaSys) GetBucketUsageInfo(ctx context.Context, bucket string) (BucketUsageInfo, error) {
+func (sys *BucketQuotaSys) GetBucketUsageInfo(ctx context.Context, bucket string) BucketUsageInfo {
+	sys.Init(newObjectLayerFn())
+
 	dui, err := bucketStorageCache.GetWithCtx(ctx)
 	timedout := OperationTimedOut{}
 	if err != nil && !errors.Is(err, context.DeadlineExceeded) && !errors.As(err, &timedout) {
@@ -73,10 +78,10 @@ func (sys *BucketQuotaSys) GetBucketUsageInfo(ctx context.Context, bucket string
 	if len(dui.BucketsUsage) > 0 {
 		bui, ok := dui.BucketsUsage[bucket]
 		if ok {
-			return bui, nil
+			return bui
 		}
 	}
-	return BucketUsageInfo{}, nil
+	return BucketUsageInfo{}
 }
 
 // parseBucketQuota parses BucketQuota from json
@@ -118,11 +123,7 @@ func (sys *BucketQuotaSys) enforceQuotaHard(ctx context.Context, bucket string,
 			return BucketQuotaExceeded{Bucket: bucket}
 		}
 
-		bui, err := sys.GetBucketUsageInfo(ctx, bucket)
-		if err != nil {
-			return err
-		}
-
+		bui := sys.GetBucketUsageInfo(ctx, bucket)
 		if bui.Size > 0 && ((bui.Size + uint64(size)) >= quotaSize) {
 			return BucketQuotaExceeded{Bucket: bucket}
 		}
diff --git a/cmd/server-main.go b/cmd/server-main.go
index 92131d6b3..b006f900c 100644
--- a/cmd/server-main.go
+++ b/cmd/server-main.go
@@ -1090,11 +1090,6 @@ func serverMain(ctx *cli.Context) {
 			globalSiteReplicationSys.Init(GlobalContext, newObject)
 		})
 
-		// Initialize quota manager.
-		bootstrapTrace("globalBucketQuotaSys.Init", func() {
-			globalBucketQuotaSys.Init(newObject)
-		})
-
 		// Populate existing buckets to the etcd backend
 		if globalDNSConfig != nil {
 			// Background this operation.
diff --git a/cmd/veeam-sos-api.go b/cmd/veeam-sos-api.go
index 1f360c1b5..33ff9e132 100644
--- a/cmd/veeam-sos-api.go
+++ b/cmd/veeam-sos-api.go
@@ -171,7 +171,7 @@ func veeamSOSAPIGetObject(ctx context.Context, bucket, object string, rs *HTTPRa
 		}
 
 		q, _ := globalBucketQuotaSys.Get(ctx, bucket)
-		binfo, _ := globalBucketQuotaSys.GetBucketUsageInfo(ctx, bucket)
+		binfo := globalBucketQuotaSys.GetBucketUsageInfo(ctx, bucket)
 
 		ci := capacityInfo{
 			Used: int64(binfo.Size),