Jun 16, 2015

Aregbesola owes N480bn- Omisore


Candidate of the Peoples' Democratic Party in the last governorship elections in Osun State, Senator Iyiola Omisore, has claimed that Governor Rauf Aregbesola took a loan of over
N480bn from various sources for his administration since he assumed
office in 2010.
He said the governor wasted the state’s resources on political campaigns during the Osun
governorship election and the general election without considering the consequences of his actions.
According to Omisore “The principal debt of Osun State under Ogbeni Rauf Aregbesola is N480bn. They
took N300bn loan, by taking N10bn for each of the 30 local government councils.
“They first raised N60bn bond and later raised another N40bn bond. They borrowed for O’meal project, borrowed for school uniform project and borrowed for airport project.
In a swift response, media aide to Governor Aregbesola, Mr Semiu Okanlawon has debunked the claims saying that the figures were fabricated and that Osun state's borrowings have not been in secret.
“Every knowledgeable person in Osun and beyond has the figures of the Osun borrowings by virtue of the open nature of the Aregbesola’s administration. Osun could not
have borrowed in secrecy as the two bonds were in the capital market and the Sukuk Bond was taken in celebrated manners.

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