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Secret account: Ondo exposes operating banks

MORE details of the secret account operated by a political officer under the immediate past governor Olusegun Agagu came into fore yesterday as the State Finance Commissioner, Wale Akinterinwa said the run away, Bode Obolo actually operated two different secret accounts in which billions of Naira was allegedly siphoned during past administration in the state.

Akinterinwa who appeared before the House of Assembly to defend the allegation that the immediate past administration ran secret accounts said the banks involved were FCMB Akure Branch and Skye Bank Okitipupa.

Consequently, the committee had summoned the branch managers of the banks to appear before it tomorrow so as to shed more light on the accounts operated in their banks by Obolo.

The Chairman of the Committee on Public Account, Niyi Adebusuyi and his members were shocked when Akinterinwa reeled out details on the operation of the secret account by Obolo.

Obolo who was the Coordinator of the Multilateral Relations Unit of the Governor’s office which was in charge of government’s relationship with international agencies and Non-Governmental Organizations (NGOs) is the sole signatory to the two accounts .

According to the Commissioner, the FCMB account was opened on May 1st, 2004 with a deposit of N842million. Out of this amount, the commissioner said he had withdrawn N768million.

He added that in the account opened with Okitipupa branch of Skye bank, Akinterinwa said a sum of N97million was deposited while N63million has been withdrawn.

According to Akinterinwa “the money withdrawn was not used for any project but was given to friends, family members and as donations to some organizations.

The Commissioner gave the committee the statement of account to show how genuine the government’s finding was and to buttress his point.

Akinterinwa who appeared alongside the state Auditor General and Accountant General said the extant rules in the operation of government accounts were breached by the official.

Reacting, members of the Committee said Obolo could not have opened the account without the connivance of top civil servants in the unit and the bank officials.

Consequently, Adebusoye said the Director of Finance and Administration in the Unit, the branch Managers of the two banks should appear before the Public Account Committee on Thursday to shed more light on the accounts.

It would be recalled that it was Governor Mimiko that blew open the operation of the secret account in a broadcast to the people of the state.

According to him, “We also found out that other accounts were opened outside of the State in government’s name in manners that did not conform to laid-down rules.

Governor Mimiko thereafter wrote to the police commissioner in the state Donald Iroham to arrest the suspect but before the police could get to him Obolo was said to have fled the state.

Vanguard learnt that immediately Obolo got wind that the fraud had been discovered by the government he reportedly fled the state.

Reacting to the fraud the PDP chairman in the state Dr Tayo Dairo weekend however denied that Obolo is a member of the PDP in the state. Dr Dairo confirmed that he has since fled the state.


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