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Home Government & Politics

Osun State goverment: Adeleke inherits left N76bn debt from Oyetola

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
December 4, 2022
in Government & Politics, Nigerian News
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Osun State goverment: Adeleke inherits left N76bn debt from Oyetola

The Osun State government has claimed that former governor Gboyega Oyetola left a debt burden of N76bn behind in unpaid salaries, pensions, and insurance commitments.

The Permanent Secretary of Osun State Ministry of Finance, Mrs Bimpe Ogunlumade, disclosed this recently while briefing officials of the new administration on the state’s financial status.

She said: “The breakdown of the salaries and pension-related liabilities are as follows:

“(I) Salary: N29,875,191,128.64

(II) Pension Arrears: N45,375,237,693.40

(III) Group Life Assurance Scheme: N554,644,028.97. Total: N75,805,072,851.01.”

It should be recalled that Oyetola in a recent farewell message said his administration left the sum of N14 billion in cash for the new administration.

He added that his administration had paid N97 billion from the debt inherited from the Rauf Aregbesola administration in the state between 2018 and his exit time.

The Adeleke-led administration has since countered the claim.

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Tags: Adegboyega OyetolaNurudeen Adeleke
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