By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Tribune OnlineTribune OnlineTribune Online
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
Reading: Oyo govt opens special bank account for recovered looted money
Share
Notification Show More
Font ResizerAa
Tribune OnlineTribune Online
Font ResizerAa
  • Home
  • News
  • Columns
  • Editorial
  • VIDEOS
  • Entertainment
  • Politics
  • Health
  • Opinions
  • SPORTING TRIBUNE
  • About Us
  • Contact us
  • Disclaimer
  • Privacy
  • Advertise
Have an existing account? Sign In
Follow US
© 2025 African Newspapers of Nigeria Plc.. All Rights Reserved.
Latest News

Oyo govt opens special bank account for recovered looted money

Adekunle Rasak
September 11, 2019
Share
SHARE

Governor Seyi Makinde of Oyo State has said that the state government’s account opened with the Unity Bank Plc would be used to save the looted money recovered from ‘wrong hands and accounts’.

Makinde made this disclosure when the management of Unity Bank Plc paid him a courtesy visit at the state secretariat on Wednesday in Ibadan.

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.

ALSO READ: Buhari: Tribunal’s judgment sound, lucid ― Oyetola

”People should know how 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 a 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, Making 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 the government.

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

Earlier, Mrs. Toyin Somefun, the Managing Director of the bank said that the purpose of the visit was to request for partnership with the new administration under Makinde.

Somefun said the bank wanted to partner with the state in the area of infrastructure, education, and agriculture where it had significant milestones.

She said that the bank was number one in Anchored Borrower Scheme, with the Central Bank of Nigeria (CBN), “with an exposure of over N60 billion intervention fund with CBN.”

Somefun said that the bank had financed more than 500 farmers across various commodities such as rice, wheat, cotton, soya, and ginger.


WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

  • Back to School, Back to Business A Fresh Start

  • Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?

  • “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty

  • Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship

  • Police Overpower Armed Robbers in Ibadan After Fierce Struggle


    Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more.
    Join our WhatsApp Channel now


TAGGED:Governor Seyi Makinde of Oyo StateUnity Bank Plc
Share This Article
Facebook Email Print
Previous Article Buhari, Oyetola Buhari: Tribunal’s judgment sound, lucid ― Oyetola
Next Article Buhari Will Buhari surpass Buhari

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune
WOMEN

Xquisite
Xquisite Food
Xquisite Style
Wondrous World of Women

MORE

Business Coach
Education
Event Digest
Crime & Court
Do It Yourself
Ecoscope
Property & Environment
Energy
Maritime
Aviation
Brands & Marketing
Agriculture
Info Tech
Labour
Leadership & Management
Achievers
Arewa Live
Arts & Culture
Arts & Reviews
Campus Beat
Politics
Health News
MORE

Mum & Child
Natural Health
Sexuality & Health
Special Report
Sports
Tourism
Travelpulse & MICE
Tribune Business
Weekend Lagos
Youth Speak
Book Review
Thursday Tales
EDITORIAL

Editorial
Opinion
Letters
News Extra

BUSINESS

Capital Market
Money Market
Economy

ENTERTAINMENT

Friday Treat
Entertainment
Razzmattaz

REGIONS

South West
Niger Delta
Arewa

RELIGION

Tribune Church
Church News
Muslim Sermon
Eye of Islam
Islamic News

COLUMNS

Anike's Diary
Aplomb
Ask The Doctor
Autoclinic With The Mechanic
Awo's Thought
Borderless
Crucial Moment
Empowered For Life
Festus Adebayo's Flickers
Financewise
Gibbers
Intimacy
Language & Style
Leaders' Forum
Leadership & Management
Lynx Eye
Monday Lines
Mum & Child
Natural Health
Notes from Atlanta with Farooq Kperogi
On The Lord's Day
PENtagon
Political Panorama
Veritatem With Obadiah Mailafia
Voice of Courage
Whatsapp Conversation
You and Eye
Your Life Counts

© 2025 African Newspapers of Nigeria Plc. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?