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Explain How You Spent N4.3bn Or Face Impeachment — Ondo Assembly Tells Governor

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Governor Oluwarotimi Akeredolu of Ondo State may need to urge the state Commissioner for Finance, Mr. Wale Akinterinwa and the state Accountant-General, Mr. Laolu Akindolire, to provide the state House of Assembly with the proof that N4.3 billion discovered, withdrawn and spent was actually appropriated for or risks being served impeachment notice soon. N30BilIon Bon: You Must Explain How You Spent The Money — Lawmakers Tackles Ondo Governor

A source in the House of Assembly confided in our correspondent that if the two finance managers in the cabinet failed to provide convincing evidence that the money was appropriated for in the 2018 Appropriation Bill, the governor would be served impeachment notice for breach of the constitution. My Aunt Sold My Baby For N800,000 Then Lied To Me That He Died At Childbirth — Mother Narrates
The source described the alleged withdrawal of the huge sum in secrecy without informing the House about the discovery and appropriated for as impeachable offence.

Referring to the discovery of the House that the said N4.3 billion was transferred from the initial secret account to another six different accounts between February and June, he said it smacked suspicion. BREAKING: Over Hundred Houses, Schools, Churches Destroys Beyond Recognition As Bomb Blast Rocks Ondo

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The Assembly on Thursday commenced the probe of the N4.3billion found in a secret account of the state government domiciled in the Zenith Bank Plc by one of the past administrations, for over 10 years. The Governor Oluwarotimi Akeredolu-led administration allegedly withdrew and spent the said money without being appropriated for.

In its resolve to do everything within its constitutional power to unravel the circumstances surrounding the money kept secretly in the bank for over 10 years and the accrued interest on the money, Mr. Bamidele Oloyeloogun, the speaker of the Assembly, has directed the Finance Commissioner and the Accountant-General to produce within seven days all necessary documents that explicitly state all transactions on the account. Merger Arrangements : An Attempt To Confuse, Mislead Our Party Members — Ondo SDP Dissociates Self

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Mr. Ademola Edamisan, Chairman, House Committee on Public Accounts, on Thursday vowed that the House would get to the root of the matter. He said, “They (executive) claimed they have recovered N4.3 billion from the money but the committee is keenly interested in the actual interest generated for over 10 years and we requested for a comprehensive details of the account.

“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 cost running interest so far in the account. Kidnapped Army Captain In Ondo Regains Freedom

“The committee discovered after a thorough investigation that the said money has been transferred from the initial account in Zenith Bank to another six different state government bank accounts in less than five months from period of February to June 2018.”

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Sunday Independent sources added that Akinteeiwa as Commissioner for Finance during Mimiko’s Government moved the money from current to deposit account in order to get interest on the deposit. The source added that when he came back as Commissioner for Finance for second time he moved the money from primary account to another.

“Between 2nd of Feb and June 28, 2018, all the money was spent. They moved N2b to Wema, N1b to Providus, N300m to Sterling, N600 million to another account in Zenith. “They also made two withdrawals N50m and another N385 million.

Source: Independent


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Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

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