The Ondo Redemption Front (ORF) has called on the Ondo State Government to make a full disclosure on the status of bond issuance and trading activities undertaken by the State.
In a letter addressed to the Ondo State Commissioner for Finance, the Secretary of the group, Dotun Ajulo, who is also a legal practitioner, invoked the provisions of the Freedom of Information Act to demand clarity on the State’s financial transactions. He noted that the true status of the bond issuance remains unclear, sketchy, and largely undocumented in the public domain, stressing that this falls short of the transparency and accountability expected of public financial undertakings.
The ORF specifically requested that the disclosure should cover the total value and series of bonds issued so far, along with the dates, terms, and maturity periods attached to them. It also asked for details of the issuing houses, trustees, and underwriters involved, as well as the purposes for which the proceeds were raised. Furthermore, the group wanted clarity on the current repayment or liability status of the bonds, in addition to any other relevant information concerning their obligations, servicing, or trading.
Ajulo added that the request was a statutory right under the FOI Act and reminded the government that it has a legal duty to provide the requested information within seven days of receiving the letter. He stressed that the people of Ondo State deserve nothing less than openness in the management of public resources, insisting that transparency and accountability remain the hallmark of good governance.
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