The Ondo State Government has uncovered a whooping sum of N4.3billion kept in secret account for over 10 years ago.
This was disclosed through a statement released by the state's Commissioner of Information and Orientation, Donald Ojogo, on the 14th of May, he stated that the money was discovered through the financial intelligence of the Commissioner of Finance, Mr Wale Akintenriwa.
The money was reported to have been lodged in a third generation bank since 10 years ago, without undue process.
The statement reads;
“We recall that at inception of this administration, concerted efforts were made to take a comprehensive inventory of all assets and liabilities of Government which include liquidity status.
“This exercise, modestly conducted without the usual noise , was aimed at avoiding sensationalizat ion and needless acrimony. In this regard, all development partners of the Government, including Banks rendered highly commendable forms of assistance.
“It should be noted that neither the Finance Commissioner nor the Accountant - General was in his present position as at when the said account was opened more than ten years ago.
“The invitation of the Finance Commissioner by the House of Assembly and indeed, same extended to both the State Accountant -General and the Auditor-General are in line with Government’ s desire to make as transparent as possible, the management of our commonwealth in Ondo State. ” (Culled from NG news)
The money has however been wired to the revenue coffers of the government, this was confirmed by the Commissioner of Finance when he appeared before the state lawmakers over the uncovered assets.
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