Governor Ademola Adeleke of Osun State and his predecessor, Adegboyega Oyetola, have resumed hostility over the state’s debt profile, with Oyetola stating that he left N14 billion in the state coffers.

The former governor also said that his successor does not understand governance, so is making embarrassing statements in public.

Meanwhile, Adeleke, while addressing council of traditional rulers at their monthly meeting at Ministry of Finance Building, said the state is indebted to the tune of N407.32 billion apart from debt owed local contractors.

Governor Adeleke added that Oyetola should explain how he spent the N18.04 billion he accessed after he lost the July 16 governorship election.

However, Oyetola in a statement by his spokesperson, [b]Ismail Omipidan, insisted that he did not borrow a dime during his four years tenure in office.
[/b]
He added that Adeleke needs experts to tutor him on workings of government in order to stop embarrassing himself in public.


Adeleke said his administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Oyetola’s administration with repayment period for the loan facilities ranging from 16 months to about 28 years.

He said: “My good people of Osun state, the total loan stock as of today is N331.32 billion.

“If the N76 billion debt on salaries and pension are added, the state is indebted to the tune of N407.32 billion. The amount owed contractors is yet to be determined.

“The only fund in government coffers, as of Monday 29th November, was for November 2022 salary.

“Otherwise, the state treasury was empty. As your governor, I will ask questions on your behalf. And will demand answers.

“Governor Oyetola must explain how the N331 billion borrowed in the name of Osun State was expended, with no obvious infrastructure development to justify this huge debt.

“Governor Oyetola must explain how the N18 billion Bridge Loan taken after he lost the election on July 16 was expended.

“Governor Oyetola must also explain why Osun state is owing salaries and pension to the tune of N76 billion after collecting a N50 billion Salary Bail Out loan from the Federal Government

I left N14bn in state coffers, never borrow a dime — Oyetola

Former Governor Adegboyega Oyetola disclosed that he did not borrow a dime during his four years tenure, saying the claim by Adeleke that he borrowed N18.04 billion only exposed his lack of understanding of governance.

Oyetola in a statement by his spokesperson, Ismail Omipidan, insisted that he left in the state coffersN14billion while leaving office.

His words: “I insist for the umpteenth time that my principal never took any loan facility for the four years he used in office.

“The claim by the new governor shows clearly that he lacks understanding of how government is run.

“If you go to my principal’s welfare address, he stated it clearly, that like every other state, we benefitted N3 billion on monthly basis for six months from the Federal Government as budget support.

“This money was given to all the 36 states of the country without requesting. You cannot categorise that as loan.

“So the new governor does not understand the working of government and he should have allowed those that understand the rudiment to explain it to him. So that he won’t be coming to the public to embarrass himself the way he did.

“We also left N14 billion behind. They should tell the people how much they met in the state coffers.”

Saao:
The former governor was just a mistake. How can u destroy a state that gave u opportunity to govern her? Its pure wickedness

famouscargo4u:


Check your fact. Oyetola did well.

famouscargo4u:


Check your fact. Oyetola did well.

OddsDoc:
Governor Ademola Adeleke of Osun State and his predecessor, Adegboyega Oyetola, have resumed hostility over the state’s debt profile, with Oyetola stating that he left N14 billion in the state coffers.

The former governor also said that his successor does not understand governance, so is making embarrassing statements in public.

Meanwhile, Adeleke, while addressing council of traditional rulers at their monthly meeting at Ministry of Finance Building, said the state is indebted to the tune of N407.32 billion apart from debt owed local contractors.

Governor Adeleke added that Oyetola should explain how he spent the N18.04 billion he accessed after he lost the July 16 governorship election.

However, Oyetola in a statement by his spokesperson, Ismail Omipidan, insisted that he did not borrow a dime during his four years tenure in office.

He added that Adeleke needs experts to tutor him on workings of government in order to stop embarrassing himself in public.

I inherited 8 outstanding loan facilities — Adeleke

Adeleke said his administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Oyetola’s administration with repayment period for the loan facilities ranging from 16 months to about 28 years.

He said: “My good people of Osun state, the total loan stock as of today is N331.32 billion.

“If the N76 billion debt on salaries and pension are added, the state is indebted to the tune of N407.32 billion. The amount owed contractors is yet to be determined.

“The only fund in government coffers, as of Monday 29th November, was for November 2022 salary.

“Otherwise, the state treasury was empty. As your governor, I will ask questions on your behalf. And will demand answers.

“Governor Oyetola must explain how the N331 billion borrowed in the name of Osun State was expended, with no obvious infrastructure development to justify this huge debt.

“Governor Oyetola must explain how the N18 billion Bridge Loan taken after he lost the election on July 16 was expended.

“Governor Oyetola must also explain why Osun state is owing salaries and pension to the tune of N76 billion after collecting a N50 billion Salary Bail Out loan from the Federal Government

I left N14bn in state coffers, never borrow a dime — Oyetola

Former Governor Adegboyega Oyetola disclosed that he did not borrow a dime during his four years tenure, saying the claim by Adeleke that he borrowed N18.04 billion only exposed his lack of understanding of governance.

Oyetola in a statement by his spokesperson, Ismail Omipidan, insisted that he left in the state coffersN14billion while leaving office.

His words: “I insist for the umpteenth time that my principal never took any loan facility for the four years he used in office.

“The claim by the new governor shows clearly that he lacks understanding of how government is run.

“If you go to my principal’s welfare address, he stated it clearly, that like every other state, we benefitted N3 billion on monthly basis for six months from the Federal Government as budget support.

“This money was given to all the 36 states of the country without requesting. You cannot categorise that as loan.

“So the new governor does not understand the working of government and he should have allowed those that understand the rudiment to explain it to him. So that he won’t be coming to the public to embarrass himself the way he did.

“We also left N14 billion behind. They should tell the people how much they met in the state coffers.”

grandpoh:
Who’s deceiving who?

Irrespective of wether he understands governance or not, the funds he claims is loan is way too much to overlook.

You wey understand governance kindly give us a breakdown.

famouscargo4u:


Check your fact. Oyetola did well.

Saao:
he did well with bad ending? He employed over 12 thousands less 3 months after he lost election and within 4 years he didn't employ up to 1 thousand. He and his aids took properties belonging to the state including cutleries etc