Oyo State Commissioner for Finance, Mr. Zacheus faults former governor Adebayo Alao-Akala over 300 bank accounts

Friday, November 30, 2012
Mr. Zacheus Adelabu has accused  former governor Adebayo Alao-Akala for running an accounting system that cost the state several millions of naira.
While addressing journalists on efforts being made by the government to beef up its revenue base, the commisioner for finance, Mr. Zacheus stated that on assumption of office, the Governor Abiola Ajimobi-led administration closed all the 168 bank accounts operated by the former administration and consolidated them into a few.

He said that through this current exercise the government  have been able to save about N7bn.
In his words, he said that “they met 168 accounts when they resume office and another 150 in ministries. Now, how can such accounts be well coordinated?
so they had to close those accounts leaving only one in each bank and realised N7bn from the exercise. they also had to close several loopholes through which individuals and organisations may steal government’s money.”
The commissioner  faulted the advice by the Governor of Central Bank of Nigeria, Lamido Sanusi, that government should sack 50 per cent of its workforce to be able to embark on capital projects.
According to him, the need to generate more revenue informed government’s decision to partner with the private sector.
He said, “Government exists for the welfare of the people. That is why people’s plight plays a central role in our decisions in Oyo State. Rather than sack half of the workforce, government should seek other means of cutting cost and shore up its revenue to be able to deliver on its electoral promises.”
SOURCE: www.punchng.com

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