The Ondo State House of Assembly has commenced an investigation into the N4.3 billion claimed to have been recovered from an alleged secret account in a commercial bank.
The Chairman of the House Committee on Public Accounts, Edamisan Ademola, told newsmen after plenary on Friday that the assembly had directed the committee to investigate the source of the secret account.
Ademola said, “The state Auditor-General reported that N4, 319,978,344 was reported by the Chairman, State Board of Internal Revenue as a recovery from a commercial bank which formed part of the revenue disclosed by the board.”He commended the Commissioner for Finance “for the good and diligent job in discovering the hidden fund which some unscrupulous individuals had kept in a bank for over a period of 10 years”.
“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 interest so far in the account. Ojogo said the Commissioner for Finance through his vigilance and discrete financial intelligence was able to ‘stumble’ on the account in question and the deposited fund which he promptly reported.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ondo Assembly Probes Source Of N4.3bn Secret Account, Unauthorised Spending | Sahara ReportersFurther revelations concerning the fund came to the fore at plenary on Thursday when Chairman, House Committee on Public Acounts, Honourable Edamisan Ademola, reeled out the list of banks at various times that benefitted from the alleged secret transactions.
Read more »
JUST IN: Ondo uncovers N4.3bn in secret account after 10 yearsOndo 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...
Read more »
COVID-19: Ondo confirms two new cases, Ekiti plans random testing of residents - Premium Times NigeriaCOVID-19: Ondo confirms two new cases, Ekiti plans random testing of residents
Read more »
Gunmen abduct army captain, three others in Ondo“We have begun an intensive investigation into the incident and we want to enjoin anybody with useful information that could lead to the arrest of the criminals to forward the same to the police for onward action.”
Read more »
INEC reopens Edo, Ondo offices ahead of polls - The Nation NigeriaTHE Independent National Electoral Commission (INEC) has directed its offices in Edo and Ondo states to reopen, ahead of the governorship elections
Read more »
How we picked Oke as our consensus candidate for Ondo — Sen Omogunwa – Daily TrustChairman of the seven-man screening committee of the Unity Forum of the All Progressives Congress (APC) in Ondo State, Senator Yele Omogunwa, has opened up on how Chief Olusola Oke was picked as the consensus candidate of the forum for this year’s governorship election in the state. The selection of Oke has however created a …
Read more »