The government of Ondo State has discovered uncovered N4.3billion kept in a secret account for more than 10 years with a huge interest.
According to the Information and Orientation Commissioner, Donald Ojogo, in a statement, yesterday in Akure, said that the account was uncovered through vigilant and discreet financial intelligence of the Commissioner for Finance, Mr. Wale Akinterinwa.
Ondo finance commissioner explained how they stumbled on the account and reported the deposited fund.
He said the money has been reflected in the records of the state for accountability and transparency.
Ojogo said: “We recall that at the inception of this administration, efforts were made to take a comprehensive inventory of assets and liabilities of the government, which include liquidity status.
“This exercise, modestly conducted without the usual noise, was aimed at avoiding sensationalism and needless acrimony. All development partners of the government, including banks, rendered highly commendable assistance.
“It should be noted that neither the Finance Commissioner nor the Accountant-General was in their present position when the account was opened more than 10 years ago.
“The invitation of the Finance Commissioner by the House of Assembly and indeed, same extended to the state Accountant-General and the Auditor-General are in line with the government’s desire to make as transparent as possible, the management of our commonwealth in Ondo State. “