A civil society organisation, the Ondo Redemption Entrance, ORF, on Thursday accused the Ondo State Authorities of missing transparency and accountability, notably over its controversial N240 billion bond.
Based on the group, there isn’t a public visibility of the bond when it comes to its circumstances, utilisation, and present standing, stressing that Governor Fortunate Aiyedatiwa’s administration is cloaked in alleged monetary secrecy.
Throughout a press briefing in Akure, the state capital, ORF disclosed that it’s in possession of paperwork and proof indicating that some people throughout the authorities have been receiving month-to-month N12 billion kickbacks from the “secret” bond.
Based on the chairman of the group, Ayodeji Ologun, who was flanked by the co-chairman, Kayode Mogbojuri, and secretary, Adedotun Ajulo, Aiyedatiwa and his Commissioner for Finance ought to come out clear over the controversial bond.
Ologun, emphasising that the integrity of the state is at stake, referred to as on the Ondo State Home of Meeting to promptly provoke a clear investigation, warning that continued “silence will solely affirm suspicion.”
“The matter of the N240 billion bond issuance and the allegations of N12 billion month-to-month kickbacks. These will not be abnormal whispers within the market.
“The credibility of the issuance of a bond is its visibility. We have now it on a really robust notice that there have been month-to-month kickbacks of N12 billion being generated from this bond going to non-public pockets of 1 or two individuals,” he stated.
In the meantime, the Ondo State Commissioner for Data and Orientation, Idowu Ajanakun, described the group as faceless. Equally, the Ondo Good Governance Alliance maintained that each one monetary information of the state are open, audited, and verifiable, stressing that the allegations are baseless.
