News
Oyetola took N18billion loan after losing election, Osun is owing N407billion — Gov. Ademola Adeleke
The governor of Osun State, Ademola Adeleke, has said his predecessor, Gboyega Oyetola, took an N18 billion loan after the July governorship election in the state.
Speaking with traditional rulers in Osogbo on Thursday, December 15, Adeleke said the state is indebted to the tune of N407.32 billion. Adeleke said his administration inherited eight loan facilities alongside pension and debts, adding that the repayment period of the loans ranges from 16 months to 28 years.
According to him, “My good people of Osun state, the total loan stock as at 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 to contractors is yet to be determined. The only fund in government coffers, as at Monday 29th November, was for November 2022 Salary. Otherwise, the state treasury was empty.
-
Comments and Issues3 days agoCan President Tinubu Revive Nigeria’s Moribund Refineries?
-
Business4 days agoTinubu knocks Atiku’s subsidy plan, says proposal shows ‘ignorance’ of economy
-
Business3 days agoTikTok, ByteDance agree to $400m settlement in US children’s privacy case
-
Entertainment6 days agoPoco Lee faces rape allegation as unverified UK arrest report spreads online
-
Latest6 days agoTinubu files: US Judge grants four-day extension in FOIA disclosure battle
-
Featured7 days agoBeyond Osun 2026: What Adeleke’s re-election reveals about Nigeria’s road to 2027
-
Featured4 days agoEconomic Reality vs Party Machinery: What will drive Nigeria’s 2027 election?
-
Football4 days agoEPL 2026/27: Experts back Arsenal for title as Haaland, Rice lead individual award picks