Bimbo Adekanmbi, who was finance commissioner during the second term of the Abiola Ajimobi administration, has said that the immediate last administration left N90 billion debt behind for the new government.
This is just as he revealed that Seyi Makinde, who succeeded his boss, has spent N100 billion in seven months.
Adekanmbi who spoke on a radio programme monitored in Ibadan, the Oyo State capital, said that the fund was used to execute Ologuneru-Eruwa road and other projects.
He stated that there was no way a sensible public officer who did not want to end in jail would spend public funds recklessly as each account and fund was meant for one project or department, adding that that was the reason it was not abnormal for government to keep and run multiple accounts.
He analysed that it was statutory to run different accounts for revenue, expenditure and investment, apart from the special accounts such as SUBEB, SDG and Urban Flood Management, stressing that he was waiting to see how easy it would be for the present government to run all the accounts as a single account.
The commissioner, however, debunked claim that their administration expended N5.2b less than three weeks to the end of their tenure, saying “you can’t withdraw such amount in two to three weeks. EFCC will run after you; Financial Intelligence is also watching.”
Adekanmbi therefore charged the people of the state to start asking questions about the present government’s expenditure of over N100bn in the seven months of the administration
