Oyetola incurred N76bn debt – Osun govt

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BY TIMOTHY AGBOR, OSOGBO

Uba Group

The Osun State Government has said it has uncovered a monumental debt in salaries, pensions, and insurance commitments incurred by the immediate past administration of Gboyega Oyetola which amounted to N76 billion.

A statement issued by Olawale Rasheed, spokesperson to the state governor, Ademola Adeleke, said the revelation was made by the Permanent Secretary, Ministry of Finance, Mrs. Bimpe Ogunlumade, while briefing officials of the new administration on the financial status of the state on Thursday.

“The disclosure was contrary to the claim by the former Governor that he left N14bn in cash for the new government among other bogus claims that have now been found to be an outright falsehood.

“The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary 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

“The public is advised that this is not the total debt left by the past administration as briefings on other sources of liabilities continue tomorrow (Friday),” it read.

It could be recalled that Oyetola, in his farewell statement had disclosed that his administration left behind a total sum of N14billion cash in the state’s coffers.

Oyetola had also revealed that his government had successfully paid N97billion from the total debt inherited in 2018 when he assumed office.