₦airaland Forum

Ondo State Government has explained how it uncovered N4.3bn kept in a secret account for more than 10 years.

It was gathered that the money was lodged in a third generation bank without due process over 10 years ago and a consultant was hired to retrieve the money.

It was also gathered that the bank account was active during the administration of former governor, Olusegun Mimiko.

Ondo Commissioner for Information and Orientation, Donald Ojogo, in a press statement said the account was uncovered through vigilance and discrete financial intelligence of the Commissioner for Finance, Mr. Wale Akinterinwa.

Ojogo said the Finance Commissioner stumbled on the account in question and promptly reported the deposited fund.

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He said the money has been reflected in the records of the State for proper accountability and transparency.

According to him, “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.

“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.”

The Finance Commissioner had told the lawmakers that he facilitated the discovery of the money stashed in a bank account.

He said the money has been ploughed into the revenue account of government and debunked allegations that a consultant was hired in the course of retrieving the N4.3bn.

https://thenationonlineng.net/ondo-uncovers-n4-3bn-in-secret-account-after-10-years/amp/?__twitter_impression=true

N4.3bn.. what?

Who was the governor in Ondo state 10 years ago?

helinues:
N4.3bn.. what?

Who was the governor in Ondo state 10 years ago?

Olusegun Agagu.

The man wey him dead body crashed while carrying him on Helicopter.

Thank God for Mimiko that came on board, who set Ondo on the right track.
And this current governor has continued with his legacy.

Seerade029:
Olusegun Agagu.

The man him dead body crashed while carrying him on Helicopter

That's Akuntuku....

I can imagine the joy

Seerade029:
Olusegun Agagu.

The man wey him dead body crashed while carrying him on Helicopter.

Thank God for Mimiko that came on board, who set Ondo on the right track.
And this current governor has continued with his legacy.

10years ago was Olusegun Mimiko

Stop peddling falsehood in order to exonerate your paymaster of the crime against the state.

Olusegun Mimiko was the Governor from February 2009 - 2017. And that was 11years ago.

How has Olusegun Agagu came into the scene?

Mimiko or agagun

helinues:
That's Akuntuku....

No, Mimiko is actually the governor.
I've forgotten that he assumed 2009

The account holder no get name?

The Looters Loot.

Amotolongbo:
10years ago was Mimiko

Yeah, I'll edit it

Seerade029:
No, Mimiko is actually the governor.
I've forgotten that he assumed 2009

Dr Mimiko should come and explain this oo

helinues:
Dr Mimiko should come and explain this oo

I no even hear him voice again self.

Aketi

Amotolongbo:
10years ago was Olusegun Mimiko

Stop peddling falsehood in order to exonerate your paymaster of the crime against the state.

Olusegun Mimiko was the Governor from February 2009 - 2017. And that was 11years ago.

How has Olusegun Agagu came into the scene?

Read the Article.

It says more than. 10yrs ago

OndoFirstBorn:
Ondo State Government has explained how it uncovered N4.3bn kept in a secret account for more than 10 years.

It was gathered that the money was lodged in a third generation bank without due process over 10 years ago and a consultant was hired to retrieve the money.

it was also gathered that the bank account was active during the administration of former governor, Olusegun Mimiko.

“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.

Cc: Helinues

It's Olusegun Agagu.

Seerade029:
Read the Article.

It says more than. 10yrs ago

Cc: Helinues

even from what you quoted,

It was gathered that the money was lodged in a third generation bank without due process over 10 years ago and a consultant was hired to retrieve the money.

it was also gathered that the bank account was active during the administration of former governor, Olusegun Mimiko.

The bank account was active during Olusegun Mimiko’s administration who came on board on February 2009. Isn’t 2009 more than 10years enough?

News like this don't surprise us anymore in Nigeria.

During OBJ’s time? Let’s review the timeline again. Could it have been stolen and hidden in Ondo by the then head of PTF before OBJ’s presidency?

Amotolongbo:
even from what you quoted,
The bank account was active during Olusegun Mimiko’s administration who came on board on February 2009. Isn’t 2009 more than 10years enough?

I've you forgotten that Mimiko assumed office via court in 2009?

Olusegun Agagu was in his 6th year, when Mimiko took over.

So it's definitely Agagu.
It was only active during Mimiko Tenure, it's possible he might not know anything about it

Amotolongbo:
even from what you quoted,
The bank account was active during Olusegun Mimiko’s administration who came on board on February 2009. Isn’t 2009 more than 10years enough?

It was active does not mean it was created by his administration. It was active means his administration was making transactions in the account during that period.

Seerade029:
I've you forgotten that Mimiko assumed office via court in 2009?

Olusegun Agagu was in his 6th tenure, when Mimiko took over.

So it's definitely Agagu.
It was only active during Mimiko Tenure, it's possible he might not know anything about it

Don't let me start doubting your literacy ability young man.

Just hear yourself out what you are typing!

I’m sorry, there are some people I don’t engage in discussion with here on NL.

to bad,

OndoFirstBorn:
It was active does not mean it was created by his administration. It was active means his administration was making transactions in the account during that period.

They were making transactions in the account during the period.
Since transactions were being made during the period, the commissioner and the Accountant General of the State during the period were not aware of the deposits and withdrawals from the account and the balance in the account?

While Mimiko was handing over to his successor, the outgoing government was so forgetful to have handed over such huge amounts in a bank account they’ve once transacted to Rotimi Akeredolu in 2017?

Nigerians are the problem of Nigeria, not the government.