NewStats: 3,262,277 , 8,176,703 topics. Date: Sunday, 01 June 2025 at 05:22 PM 2j4j72

The Governor of Osun State, Ademola Adeleke has disclosed that the state is indebted to the tune of 407.32 billion naira, including N76 billion debts on salaries and pension.

Adeleke said his predecessor, Gboyega Oyetola took a N18.04 Billion FGN Bridge Finance Facility loan after the July 16th, 2022 election which Oyetola lost and that there is no information on the repayment .

The governor made this revelation in an address he delivered at a meeting with the Osun State Traditional Rulers in Osogbo On Thursday. He said the amount owed contractors is yet to be determined.

Adeleke said his istration inherited eight outstanding loan facilities from Oyetola, apart from salaries and pension debts.

According to him, the repayment period ranges from 16 months to about 28 years.

Some of the loans listed include Budget Facility, Salary Bail Out Loan, Restructured Commercial Bank Loans, Excess Crude (ECA) Loan, CBN Infrastructure Loan, FGN Intervention Loan, FGN Bridge Finance Facility and Foreign Loans.

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.

He said that Governor Oyetola must also explain why Osun state owes salaries & pension to the tune of N76 Billion after collecting a N50 Billion Salary Bail Out Loan from the Federal Government.

Governor Adeleke also said that creditors, especially the Commercial Banks must explain why various loans were given to an istration beyond its 4 year tenure.

https://www.google.com/amp/s/www.channelstv.com/2022/12/15/oyetola-took-n18bn-loan-after-election-loss-left-n407-32bn-debt-adeleke/amp/

This nigga is always looking for anything that will incriminate APC instead of searching for mega structure Peter Obi built.

One of the criminals Tinubu installed in Osun, he family are made while their urchins are dying in penury

There should be a law capping the amount of loans these useless governors can take. Safe to say Adeleke wont be able to perform, A professor with international Experience Soludo is struggling with all the debt talk less of mr dancer.

.

Wicked man doing everything possible to make adeleke government fail, No wonder he is despirate not to lose the election.

Na lagos own go worst past if they lose governorship election to opposition party.

Awawa

ednut1:
There should be a law capping the amount of loans these useless governors can take. Safe to say Adeleke wont be able to perform, A professor with international Experience Soludo is struggling with all the debt talk less of mr dancer.

Soludo isn't struggling many roads, flyover currently going on in Anambra, Anambra debt is low when compare to other states, he requested for 100 billion loan to facilitate the project, he is yet to secure the loan

post=119180737:
One of the criminals Tinubu installed in Osun, he family are made while their urchins are dying in penury

And why are you pained on their behalf.
According to you urchins are the one dying in penury why are you the one crying ?

NoIgboSoundTueh:

And why are you pained on their behalf.
According to you urchins are the one dying in penury why are you crying on their behalf

Incomplete leaders and criminals, APC states in West are most indebted states in Nigeria with nothing to show for that the cluelessness you guys want to export to national state

You sef collect your own loans and leave heavy debts behind..

Nigerians don't care about good things, look at comments above

How did Soludo borrow even before becoming governor of Anamabra . Can we all agree your father is the biggest criminal n deserve to be stoned.

post=119180737:
One of the criminals Tinubu installed in Osun, he family are made while their urchins are dying in penury

To take a loan you need approval of State house of Assembly and federal Lawmakers, why is this new guy wailing already

Budget of 2022 was ed with Deficit, Oyetola doesn't have access to State

Debt Accumulation isn't only Oyetola's responsibility, Oyinlola and Aregbesola took most of it



.

And Tinubu was desperate to keep him looting Osun state dry

Dis one don inherit gbesse oo.

NoIgboSoundTueh:
This nigga is always looking for anything that will incriminate APC instead of searching for mega structure Peter Obi built.

He's doing good

They have started.

Evil apc

Pure wickedness

Oyetola ti lule l'osun, evil man

The last govt was very corrupt

Please do an audit and if he is found guilty of embezzling funds jail him and confiscate all his assets and those of everyone that served under him also found guilty.

This is exactly what I would do.

Corrupt Ex-Gov Oyetola is a terrible sour loser. He has forgotten that he can come back to Osun to contest in the future. To him, Osun State should collapse because he has lost an election fair and square.

Most people don't know that Oyetola is worse than Buhari and Tinubu combined together. The thief is an example of green snake under green grass.

I can only imagine the amount of loans and debt Atiku will incur from buhari.

Japa

Politricking.

You want to start blame game like Buhari, abi?

Better don't try it. Buhari is a skinny lifeless goat, but you are a fat foolish cow. So, don't start Buhari's senseless blame game

ednut1:
There should be a law capping the amount of loans these useless governors can take. Safe to say Adeleke wont be able to perform, A professor with international Experience Soludo is struggling with all the debt talk less of mr dancer.

you need malaria surgery

You sef take your own loan. That's what you'll do. Stop forming saint Obi

Jeezz!!!

Proper audit should be carried out ASAP! And if found wanting, he should face the Law!!!…..

And also, he couldn’t have done it all by himself…. State assembly should’ve been involved or something…… (That’s if this story is true)……

Normal as ee go be since it opposition that handed over. All this blame game na to Dey give excuse later for not delivery good governance.