Observers in the inglorious drama going on within OSOPADEC are already divided because of the different informations emanating from the Commission that was established as an intervention agency to cater and mitigate the challenges confronting the citizens in the mandate areas.
Is it really possible for the Secretary to have singlehandedly move a whopping sum of 400m out of the Commission's account?
Why did the Chairman,Prince Biyi Poroye waited till he was accused of withdrawal of 90m from the account of the commission ?
It is been alleged that he fraudulent presented a forged document in the name of the Board to effect an illegal change of bank mandate without the knowledge of the Secretary who is the Accounting Officer of the Commission. The accomplice members of Staff were issued quarries to that effect but rather than responding to the queries,the Chairman and the affected boys resulted into blackmail to intimidate,suppress those who have been upholding and maintaining the resources that belong to the government and our people.
The good people of Ondo State want a response from Prince Poroye on how he succeeded in changing the bank account signatories and if it is the norm to remove the Secretary who is the Accounting Officer of OSOPADEC from the mandate with the bank?
₦90 MILLION LIE EXPOSED: HOW SAHARA REPORTERS MISLED THE PUBLIC AND FAILED A BASIC FACT CHECK ON OSOPADEC:
SETTING THE RECORD STRAIGHT ON A DELIBERATE DISTORTION
Our attention has been drawn to a grossly misleading, sensational and ill-motivated publication by Sahara Reporters alleging that the Executive Chairman, Prince Olabiyi Olaleye Poroye, authorised the disbursement of ₦90 million to “unknown beneficiaries.”
Let it be stated clearly and without ambiguity:
At no time did the OSOPADEC Chairman authorise any payment to fictitious or unknown beneficiaries.
The claim is false, malicious, and calculated to deceive the public.
THE FACTS SAHARA REPORTERS CONVENIENTLY IGNORED
The names referenced in the payment schedule were not fictitious, as mischievously claimed. They were official names submitted to the Chairman by the Secretary of the Commission upon the assumption of office of the new Board.
These names formed part of the transition and operational documents inherited by the Board, which the Chairman approved strictly in line with established procedure.
The Chairman neither generated nor altered the list. He acted solely on official submissions originating from the Office of the Secretary, the statutory clearing point for such documents.
NO HIDDEN TRANSACTIONS — FULL TRANSPARENCY MAINTAINED
Contrary to the insinuation of secrecy, there were no hidden transactions whatsoever.
The relevant accounting officer and signatories receive real-time bank transaction alerts on all approved payments. Every transaction is traceable, visible, and properly documented within the Commission’s financial system.
At no point was any payment concealed, masked, or executed outside approved financial protocols. Any suggestion to the contrary is reckless and demonstrably false.
BOARD DECISIONS, NOT UNILATERAL ACTION
During the 4th Plenary Meeting of the OSOPADEC Board held on December 29, 2025, and attended by: The Executive Chairman,
Executive Directors,
Board Members and the Secretary, the Board unanimously:
i. Adopted an operational organogram to improve efficiency and accountability,
ii. Approved a restructured signatory framework to ensure smooth financial operations and prevent administrative bottlenecks.
Every action taken thereafter by the Chairman was a direct implementation of collective Board resolutions, not personal discretion.
THE TRUTH ABOUT THE SIGNATORY CHANGE
Contrary to Sahara Reporters’ attempt to criminalise due process, the Commission’s long-standing practice, under previous Boards was that:
i. The Director of Accounts serves as mandatory Signatory A, and
ii. Two other officers serve as Signatory B.
However, shortly before the new Board fully settled in, this structure was manipulated by the Secretary to retain exclusive control as the sole mandatory signatory, an anomaly that posed serious operational risks.
This irregularity was formally challenged by the Executive Director, Finance, Malam Malon Ogbaro, in a letter to the Chairman, warning that such concentration of financial control was unacceptable and contrary to best practice.
Acting responsibly, the Chairman directed that the traditional and lawful signatory structure be restored. The Secretary willfully refused, deliberately stalling financial processes and impeding the implementation of Mr. Governor’s approvals for the development of mandate areas.
WHY ADDITIONAL SIGNATORIES WERE APPROVED
To prevent institutional paralysis, the Board again acting collectively, approved additional signatories purely to ease transactions and protect the Commission from sabotage.
The Chairman merely executed this decision.
There was no breach of law, no unilateral authority, and no hidden agenda.
A WORRYING PATTERN OF SABOTAGE
The Commission is deeply disturbed by the conduct of the Secretary, who is legally and ethically expected to protect the image of OSOPADEC but has instead:
i. Leaked internal documents to the media,
ii. Deliberately misrepresented Board decisions,
iii. Actively worked to frustrate the performance of the Board and;
iv. Attempted to create the false impression that OSOPADEC is dysfunctional.
Even more troubling are deliberate actions taken to delay staff salaries by manufacturing operational hurdles, actions capable of provoking staff anger and industrial unrest.
THE IRONY SAHARA REPORTERS IGNORED
Since assumption of office, the new Board has:
i. Prioritised staff welfare,
ii. Restored confidence in institutional processes,
iii. Accelerated approvals for developmental interventions and;
iv. Resisted attempts to turn OSOPADEC into a personal fiefdom.
Yet, rather than report these facts, Sahara Reporters chose to amplify a narrative clearly sponsored to undermine the Chairman, Prince Olabiyi Olaleye Poroye, and destabilise the Commission.
FINAL WORD
OSOPADEC remains committed to transparency, due process, and the accelerated development of oil-producing areas. No amount of media manipulation, internal sabotage, or sponsored outrage will derail the mandate entrusted to this Board by Governor Lucky Orimisan Aiyedatiwa and the people of Ondo State.
The truth is clear.
The record is straight.
And OSOPADEC will not be distracted.
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