Oyetola left N76 billion in debt for the Ademola Adeleke Administration

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Oyetola leaves N76 billion debt for Ademola Adeleke Administration


The Osun State Government has discovered salary and pension related arrears, amounting to over N76 billion, abandoned by the previous administration of Governor Adegboyega Oyetola.

A statement by Malam Olawale Rasheed, the Spokesperson of the new Governor of Osun State, Ademola Adeleke, said this was disclosed by Bimpe Ogunlumade, the Permanent Secretary in the Ministry of Finance while briefing officials of the new administration. in the financial situation of the state.

The debt discovered includes salaries, pensions and insurance commitments incurred by the administration of Gboyega Oyetola, amounting to N76 billion.

The disclosure contradicts the former governor’s claim that he left N14 billion in cash for the new government. He added that these are among the false claims that have now been found to be blatantly false.

Debt breakdown: The breakdown of salaries and pension related arrears disclosed by the Permanent Secretary is as follows: Salary: N29,875,191,128.64; Pension Arrears: N45,375,237,693.40; Group Life Assurance Scheme: N554,644,028.97, Total: N75,805,072,851.01.

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Additional debt to discover: He stated that the recently undisclosed number is not the total debt left by the previous administration as briefings on other sources of debts are ongoing.

If you missed it: Governor Ademola Adeleke of the People’s Democratic Party (PDP) defeated former Governor Adegboyega Oyetola of the All Progressive Congress (APC) after a fiercely contested gubernatorial election earlier this year. The new Governor was sworn in last week.

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