The Osun State Governor, Ademola Adeleke, has disclosed that his predecessor, Gboyega Oyetola, took N18 billion loan after he lost the July 16th, 2022 Osun governorship election. This is as he also revealed that the state is indebted to the tune of N407.32 billion as of November 30th, 2022. Adeleke disclosed this on Thursday during a meeting with Osun State Traditional Rulers at Osogbo, Osun State Capital. According to him, my administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Governor Oyetola’s administration. Adeleke explained that the repayment period for the loan facilities ranges from 16 months to about 28 years. “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 to contractors is yet to be determined. “The only fund in government coffers, as of Monday 29th Novem...
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