There has been a twist into the mysterious discovery of N4.3b in a ten year account.

This political turn of events is as a result of the People’s democratic Party (PDP), inviting the Economic and Financial Crimes Commission (EFCC) to investigate Zenith Bank and the Akeredolu administration on why it failed to disclose but spent N4.3 billion it discovered in a secret bank account.

A statement signed by Director of Media and Publicity of PDP, Ondo State, Zadok Akintoye, alleged that the party’s independent investigation revealed that the All Progressives Congress State Government had something to hide about the money discovered in the Zenith Bank account.

It alleged that if the lawmakers in the state House of Assembly had not raised questions on the money, the administration would not have disclosed it discovered and withdrew the money. “Investigation by our party has shown that the Akeredolu-led ODSG is being economical with the truth and has violated the law with its intentions not to disclose the receipt of such funds until it was recently probed by the Ondo State House of Assembly. “For the records, the Honorable Commissioner for Information lied when he alleged that the ODSG discovered the funds hidden in an account with the bank. The domiciled funds which was deposited in a call account was disclosed to the Akeredolu-led government which consequently took over the bank account. What is however worrisome is that the Ondo State government never disclosed the said funds as part of the funds handed over to it as part of the assets its inherited ‘’.

The Party stated further that, “We must therefore ask how this fund was accounted for or captured in the records of government. If the funds were captured as revenue earned within that period, it will be criminal and illegal and an attempt to defraud the state, as such funds (if captured as part of IGR) would attract a commission payable to the tax consultants of the state. This is illegal and a criminal breach of trust on the part of the Akeredolu-led government.”

According to the Party, “What was the initial amount deposited into that call account on behalf of the ODSG? Who was in charge of managing the account on behalf of the ODSG? Why was there no disclosure of the account made until the ODHA inquiry?. How was the fund spent? Were the projects allegedly executed with the funds catered for in the 2020 Appropriation Bill? If yes, how did the government account for the earnings from this account?. Was there an attempt by the immediate past government to conceal the account as inferred in the mischievous use of words in the statement credited to the ODSG? If the funds had allegedly been saved for over 10 years, would it not be right to assume that there is an accrued interest to the credit of the state?

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