Breaking: Governor Adeleke Cries Out, Alleges Oyetola Collected N18B Loan After July 16

The Osun State Governor, Ademola Adeleke has come out to say that the only money left in government coffers as of Monday 29th November, when he took over as governor was meant for November 2022 Salary.

The governor said his administration inherited a total loan stock of N331.32 billion from the past government under the watch of the Gboyega Oyetola. According to him, apart from the November salaries left in the government coffers, nothing would have been left for him.

This online medium reports that Adeleke made the allegation on Thursday during a meeting with Osun State traditional rulers at Osogbo, Osun State capital. The governor also accused his predecessor, Oyetola of taking loans that amounted to a total of N18 billion after he lost the July 16th, 2022 Osun governorship election.

Adeleke, while confirming to the traditional rulers that the state is indebted to the tune of N407.32 billion as of November 30th, 2022, submitted that “My administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Governor Oyetola’s administration. “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 is added, the state is indebted to the tune of N407.32 billion.

The amount owed to 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 infrastructural development to justify this huge debt. “Governor Oyetola must explain how the N18 Billion Bridge Loan is taken after he lost the election on July 16, 2022, was expended. “Governor Oyetola must also explain why Osun state is owing salaries and pension to the tune of N76 Billion after collecting an N50 Billion Salary Bail Out Loan from the Federal Government. “The creditors, especially the Commercial Banks must explain why various loans were given to an administration beyond its 4-year tenure. 28 years is equivalent to the tenure of at least four governors. A child that is born today would have earned a PhD at 28 years of age. This is nothing but mortgaging the future of Osun State with nothing to show for it. This is definitely not acceptable.”