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N4.3 billion uncovered in secret account during Mimiko’s administration – Ondo government



Rotimi Akeredolu
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Ondo State government has revealed how the N4.3bn was kept in a secret account for more than 10 years.

The State Commissioner for Information and Orientation, Donald Ojogo confirmed this in a statement released to the press on Thursday May 14.

According to him, the money was discovered due to the discrete financial intelligence investigation.

The Commissioner for Finance Mr. Wale Akinterinwa, the money was lodged in a third generation bank without due process for over 10 years ago.

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The statement said:

“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 sensationalization and needless acrimony. In this regard, all development partners of the Government, including Banks rendered highly commendable forms of assistance.

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“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.”

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The Commissioner for Finance Mr. Wale Akinterinwa who also confirmed this while appearing before lawmakers, said the money has been ploughed into the revenue account of government. He also denied claims of a consultant being hired in the course of retrieving the N4.3bn.

It is recalled that the former governor, Olusegun Mimiko was governor of Ondo State about ten years ago.


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