Aregbesola Blames Oyetola For Osun Debt Profile

Aregbesola Blames Oyetola For Osun Debt Profile

Former Osun Governor Rauf Aregbesola has chastised his successor, Adegboyega Oyetola, for the state’s troubling debt profile, as declared by Governor Ademola Adeleke.

Adeleke claimed Osun owed N407.32 billion, blaming the debt on the administration of Oyetola.

However, Oyetola denied the allegation, claiming that the loans were obtained by Aregbesola’s administration.

On Friday, the Osun House of Assembly announced that it will investigate the debt profile by inviting finance agencies to seek clarification.

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Aregbesola, in a statement issued by his media aide Sola Fasure on Saturday, claimed that Oyetola caused the problem by refusing to cooperate with Adeleke for proper handover.

He emphasized that the Osun Accountant-General should be in a better position to provide the true details of the state’s indebtedness, adding that the impasse was between Adeleke and Oyetola, and thus he should not be involved.

He explained that the two major loans he took had been liquidated, whereas the others are long-term concessional Federal Government facilities with minimal monthly deductions.

Aregbesola said: “I will suggest that you look at all the loans and get to the Accountant-General of the state at Abere. I think the AccountantGeneral or the Permanent Secretary (Finance) would have better information because it is the Accountant-General that raised a memo based on the query of the governor.

“The matter is between the Adeleke and Oyetola administrations because the Aregbesola debts have been liquidated. It was not Aregbesola that took the N18 billion loan that was taken after the election. Oyetola took some other loans, including salary support from the Federal Government.

“They caused the problem for themselves. If they had set up a transition committee and if they had cooperated well with the incoming governor after they had lost election, there would have been a smooth change of government.

“They would have compared notes and there would be no rancour. But he was busy sowing mines on the path of the incoming governor, creating problems for him, and spending money with reckless abandon. What did he do with N18 billion? Now the new government is fighting back. If the new government takes the matter up to the EFCC, there would be problems for the Oyetola administration.

“They should count Aregbesola out of their problems because out of the three loans he took, two have been liquidated. It is only the long-term debt that is remaining and only the Accountant-General can give us the status of the loan because it is no longer what it was because deductions are being made.”

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