Members of the Ondo State House of Assembly have vowed to unearth the mystery surrounding the sum of N4.3bn allegedly stashed in a new generation bank account for over 10 years.
The money it was learnt, belongs to the state government.
Speaker Bamidele Oloyeloogun directed the commissioner for finance and the accountant-general to produce all necessary documents concerning the transactions and accrued interests to date next Thursday.
The commissioner promised to provide the necessary documents as requested by the House.
House Committee Chairman on Public Accounts, Mr Ademola Edamisan, told newsmen that the House would get to the root of the matter.
Edamisan noted that since the N4.3billion has been in a fixed account for over 10 years, the House was interested in the interest that the money must have yielded for over 10 years .
“The committee is interested in full details on how the account is being operated over the years, who authorised the opening of the account, who are the signatories and when was the account opened.
“We hope the commissioner and the accountant-general will come out with the comprehensive details of the account, so we will be able to calculate the running interest so far on the account.
“The committee discovered after a thorough investigation that the said money has been transferred from the initial account in the bank to another six different state government bank accounts in less than five months from period of February to June 2018.”
The Commissioner for Information, Donald Ojogo, in a statement said that concerted efforts were made to take a comprehensive inventory of all assets and liabilities of government which include liquidity status.
Ojogo said the Commissioner for Finance, Akinterinwa, through his vigilance and discrete financial intelligence was able to stumble on the alleged secret account and the deposited fund promptly reported.
“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” (The Nation)
