Oyo state governor Abiola Ajimobi closes 178 bank accounts operated by ex-governor Alao Akala

Governor Abiola Ajimobi

Governor Abiola Ajimobi led administration in Oyo State has closed about 168 bank accounts out of over 300 which his predecessor, Otunba Adebayo Alao-Akala allegedly operated while in government.

After the closure of the excess bank accounts, he disclosed that his government realised N7b which is being used for developmental projects.

Speaking through the Commissioner for Information, Mr. Adelabu Zaccheaus Wednesday in Ibadan, he alleged that operating the unnecessary account had resulted in the loss of several millions of Naira.


The Commissioner stressed that the accounts were later consolidated into a few.

He said, “I met 168 accounts when we came on board and another 150 in ministries. Now, how can such accounts be well coordinated? We had to close those accounts leaving only one in each bank. We realized N7 billion from those accounts”.

Closing the excess bank accounts also blocked several loopholes through which individuals and organizations may steal government money.

The commissioner used the opportunity to comment on the statement by the Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi, that government should trim down its workforce by 50 percent saying the advice, if heeded, would further plunge the country into serious economic mess.

Instead, he suggested that the government should partner with the private sector to boost the economy.

He explained further that government needed to generate more revenue and this necessitated its decision to partner with the private sector and also embark on other creative ways of shoring up the internally Generated Revenue.