By Bukola Hameed
The Osun State Governor, Ademola Adeleke, has revealed that the state owes ₦407.32 billion debt.
Adeleke further stated that his predecessor, Gboyega Oyetola took a loan of ₦18.04 Billion from the FGN Bridge Finance Facility after the July election which Oyetola lost and that there is no information on the repayment terms.
The Governor said this while briefing traditional rulers at their monthly meeting held inside the State Government Secretariat on Thursday.
Adeleke also stated that his predecessor must explain why the state is owing salaries and pensions to the of tune ₦76 billion having gotten ₦50 billion as bail out for salary.
According to the Osun Governor, his administration inherited eight outstanding loan facilities from Oyetola, apart from salaries and pension debts, the repayment period for which ranges from 16 months to about 28 years.
Stating that the only fund in government coffers as at Monday 29th November was for November 2022 salary, the governor insisted that he would ask questions and demand answers on how the funds were expended.
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