Oluwarotimi Akeredolu, Governor of Ondo State, has acknowledged receiving 13 percent of oil derivatives, subsidies and SURE-P reimbursements from the federation account over the past two years.
The refunds received by the state were used to finance capital projects and pay back accumulated salary arrears, according to a statement signed by the governor’s chief press secretary, Richard Olatundi.
The statement further distanced the conservative Akeredolu who allegedly stole funds from the Federation Account Allocation Committee (FAAC) earmarked for local governments.
The statement claimed that the refunds from the federal government were spent prudently on large capital projects scattered throughout the state’s three Senate districts.
“Monthly FAAC receipts are for the payment of salaries and pensions as agreed upon by labor leaders at monthly meetings chaired by the Chief of Service and the Chair of the Joint Negotiating Council (JNC).
“If the amount spent on these infrastructure projects and the payment of salary arrears are together with the refunds, it is quite clear that the money has not been poorly managed in Ondo State.”
Regarding the allegation that the governors were getting money earmarked for local governments, the statement said that the administration of Akeredolu has never touched money earmarked for local governments since its establishment.
Ondo: 13% recovery of oil derivatives, other payroll spending, infrastructure projects – Akeredolu