News

April 26, 2016

Bailout Fund: Ondo rejects ICPC report, demands retraction

Bailout Fund: Ondo rejects ICPC report, demands retraction

Ondo State Governor, Olusegun Mimiko

THE Ondo State government has rejected a report by the Independent Corrupt Practices and Related Offences Commission (ICPC), on the bailout received by the state government to offset part of its workers salaries describing the report as misleading,

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Commissioner for Information, Mr Kayode Akinmade

In a statement by its Commissioner for Information, Mr Kayode Akinmade, the state government said it added N50m to the bailout fund before it could meet the payment of outstanding salary arrears till June 2015.

Akinmade explained that the bailout fund it collected was N9.443.06 but was augmented with N50m which brought the total disbursement to N9.493.91.

Faulting the report, he said all relevant document and bank transfers on the disbursement of the fund were presented to ICPC officials that came to monitor the disbursement of the fund.

He said “each claim of payment was investigated and confirmed to be true by the ICPC  team and at the end of its visit the government was commended for its effective operation and accurate disbursement of the said fund.”

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