Ondo State Government has told of how it unearthed N4.3bn kept in a concealed account for more than 10 years.

It was discovered that the money was lodged in a third-generation bank without due process over 10 years ago and a consultant was hired to retrieve the money.

Commissioner for Information and Orientation in Ondo State, Donald Ojogo, in a communique, said the account was uncovered through vigilance and discrete financial intelligence of the Commissioner for Finance, Mr. Wale Akinterinwa.

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Ojogo said the Finance Commissioner stumbled on the account in question and promptly reported the deposited fund.

He said the money has been reflected in the records of the State for proper accountability and transparency.

According to him, “We recall that at the inception of this administration, concerted efforts were made to take a comprehensive inventory of all assets and liabilities of Government which include liquidity status.

“This exercise, modestly conducted without the usual noise, was aimed at avoiding sensationalization and needless acrimony. In this regard, all development partners of the Government, including Banks rendered highly commendable forms of assistance.