The Osun State House of Assembly has indicated that it will launch an investigation into the N407.32 billion debt profile that Governor Ademola Adeleke had previously disclosed for the state.
On Thursday, the Governor told the Osun Council of Traditional Rulers that his predecessor, Adegboyega Oyetola, was responsible for the N407.32 billion debt and promised to question him about it.
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Oyetola, however, denied the assertion through his media assistant, Ismail Omipidan, claiming that the debt was incurred by the Rauf Aregbesola administration and that he never took out a loan for four years. He pushed Adeleke to make the time the loans were accessed public.
Similar to the Assembly, the House Committee on Information & Publicity Chairman Kunle Akande voiced alarm over the debt declaration and revealed that an investigation into the loan the state took had started in a statement released on Friday.
“The State of Osun House of Assembly has expressed concerns about the reactions after yesterday’s debt profile revelation by State Governor, H.E Ademola Adeleke,” said the statement.
“The Assembly as the accredited representatives of the people is duty bound to seek clarifications and inform the people of the State accordingly.
“In this regard, we have instructed the appropriate agencies of government to immediately furnish the House with the updated details of the State’s debt and financial profile.
“We hereby call on all investors and business owners not to be alarmed by the said debt profile of the State,” he stated.
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