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Oyo Govt Opens Special Bank Account for Recovered Looted Money

Engr Seyi Makinde, Oyo state governor, has said that the state government’s account opened with the bank would be used to save the looted money recovered from ‘wrong hands and accounts’. According to him, the account will be made open to everybody to avoid the recovered money being looted again.

” We want to recover the money in a very transparent manner and for people to see what the present administration has done with the money recovered. People should know how the money belonging to them is being spent. The state money seized from individuals by EFCC will be returned to the account,” he said.

The governor charged the bank to also hold the state accountable because the government should not compromise the trust reposed in it by the people. He said that his administration was ready to foster partnership with bankers, processors, agriculture and business experts to develop the state.

” Agriculture is one of the pillars that this administration rested on and that is the tool that is intended to be used to expand the economy, Makinde said.

He assured the bank management that the government would not discriminate against it because it was not among the first big banks but would give equal opportunity to all partners of government.

He urged the bank to expand its network in Ibadan and the entire state in general so that the government would utilize such.





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