n4bn-discovered-inside-‘secret’-ondo-government-account,-lawmakers-demand-explanation-from-executive

N4bn Discovered Inside ‘Secret’ Ondo Government Account, Lawmakers Demand Explanation From Executive

A complete of N4.3bn stashed in a ‘secret’ Zenith Bank account belonging to the Ondo State Government has been found, SaharaReporters learnt.

The cash is claimed to have been saved within the account for over 10 years, producing curiosity till it was uncovered throughout an auditing of the state accounts not too long ago. 

It was gathered that the checking account was energetic through the administration of former governor, Olusegun Mimiko. 

However, particulars of transactions carried out on the account remained sketchy on the time of this report. 


A lawmaker within the state confirmed the invention of the account in a chat with our correspondent, noting that the fund in it was lodged with out due course of, thereby elevating some suspicions of corruption by some authorities officers. 

The lawmaker disclosed that the cash was found by means of the efforts of the Commissioner for Fiance within the state, Mr Wale Akinterinwa.

He mentioned, “We learnt that the cash had been saved in that account for over 10 years and was not too long ago found on account of auditing carried out on financial institution accounts belonging to the federal government.

“The most suspicious of all of it was that this specific cash was lodged within the checking account with out following due course of. 

“And of specific curiosity to us is in regards to the authorisation of this account or who and who’re the signatories to it. 

“We all want to know when the account was opened and what has also been the interest rate accurable to government since then.”

Bamidele Oleyelogun, Speaker of Ondo State House Assembly, confirmed the invention of the ‘secret’ account. 

Oleyelogun mentioned the Assembly was frightened over the account however had already summoned the Accountant-General and Auditor-General of the state to report earlier than the lawmakers for explanations on the invention

He mentioned, “The Commissioner for Finance has come right here and informed us his personal facet totally on how the account was found. 

“So, we would be expecting the two men too to come over and probably furnish the Assembly with details of transactions on this account.”

Leave a Reply

Your email address will not be published. Required fields are marked *