Ondo assembly queries finance commissioner over N34bn

Ondo assembly queries finance commissioner over N34bn

- Ondo commissioner for finance has been quizzed by the state assembly on how N34 billion was spent

- The state assembly says it wants to know how much was accessed and how it was spent

- However, the commissioner said only 14.8 billion was accessed out of the initial N30 billion

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Wale Akinterinwa, Ondo state finance commissioner, has been quizzed by the state House of Assembly on how the N30 billion bond approved by the assembly was accessed and spent by the executive arm.

This Day reports that the assembly raised questions on the N4 billion reportedly lodged in a third generation bank without due process over 10 years ago.

The assembly says it wants to know the amount that has been accessed as well as the breakdown of projects on which the fund was spent.

Speaking to the assembly, Akinterinwa said only 14.8 billion has been accessed out of the initial N30 billion raised.

Ondo assembly queries finance commissioner over N34bn

The assembly says it wants to know the amount that has been accessed as well as the breakdown of projects on which the fund was spent. Credit: Twitter.
Source: Twitter

Going further, he said that the remaining N14. 2 billion would be accessed soon.

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Meanwhile, Legit.ng had reported that the assembly proceeded on an indefinite break in a bid to contain the spread of the coronavirus pandemic.

Bode Adeyelu, the clerk of the House, said this in a statement on Tuesday, April 7, in Akure.

”It is more worrisome that there has been increase in the number of index cases that are being recorded in our country on a daily basis in the last few weeks.

“Among other reasons for the recess is to afford distinguished honourable members the opportunity to embark on sensitisation and awareness campaign to their various constituencies on the need for their constituents to observe the prescribed precautionary measures as outlined by the government."

Legit.ng also reported that as the COVID-19 pandemic bites harder across the globe with dreaded economic effects, the Ondo state governor, Oluwarotimi Akeredolu on Saturday, April 4, announced the appointment of a seven-man committee to, amongst others, raise and manage resources in cash, or in kind from individuals; group of individuals; private and public organizations; local and foreign donor agencies.

The money is to be used to complement the efforts of the state government on the current war being waged against the spread of the disease in the state.

The governor, in a statement signed on his behalf by the state commissioner for information, Donald Ojogo, announced the chairman of Greenwich Trust Limited, Kayode Falowo as chairman; while the Chief Executive Officer (CEO) of DeltaTek and DeltaAfriks Engineering and Oil and Gas Limited, Engr. Akinwumi Odumakinde will serve as deputy chairman.

The governor also announced the appointment of a renowned Accounting Powerhouse Ernst and Young and SIAO Partners as Fund Advisors and Auditors respectively.

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