NewsPoliticsOsun: "I Did Not Borrow N10bn", Adeleke Counters Critics

Osun: “I Did Not Borrow N10bn”, Adeleke Counters Critics

spot_img

The rebuttal comes on the heels of claims that his government obtained the loan to fund some critical infrastructure since he came to office two years ago.

Access Bank Advert

The governor issued the denial in a statement by his Spokesperson, Olawale Rasheed in Osogbo, the state capital on Monday.

Governor Adeleke’s denial also came following a suit filed by SERAP against 36 state governors and the Minister of the Federal Capital Territory, FCT, for obtaining close to N6 billion without recourse to due process.

UBA

The human rights body also accused the governors and FCT minister of mismanaging the huge loans, because such loans have allegedly reflected on the lives of their people.

Adeleke however said he did not obtain any loan describing the claim not to be ‘true.”

“Our attention has been drawn to a report by the Nation Newspaper alleging that Governor Ademola Adeleke has taken a loan of over ten billion naira. We strongly affirm that the story is not true”.

READ ALSO:  N47.9 Trillion Budget: Bold Plans Or Fiscal Gamble For Nigeria In 2025

He said critical infrastructure in the state have been financed through the “state  resources”.

The statement said: “Governor Adeleke has not at any point since assuming office taken any loan either through a resolution of the State Executive Council or that of the State House of Assembly.

“The ongoing multi-billion naira infrastructure projects across Osun have no loan components. They are all being financed through state resources. The dualisation of roads, the overhead bridges, the school and health centres upgrades, and several roads projects are being funded through  special project account created by the State Government.

“What the newspaper report referred to as loans taken by Governor Adeleke were World Bank Development financing which were inherited from the previous administrations and which are national projects operated through the Nigeria Governors’ Forum, the National Economic Council amongst others.

READ ALSO:  Gov Radda Mourns  FEDECO Pioneer Scribe, Kurfi

“Such programmes of World Bank and multilateral institutions development includes  Ilesa Water project; establishment of Osun Investment Promotion Local Business Offices across nine Federal Constituencies; O-Cares For Agricultural Support Services; World Bank On Saber For Development Of PPP;  World Bank On Saber For Establishment Of Osun Investment Promotion One-Stop-Shop.

“Others include World Bank On O-Cares Projects For Coordination Of State Cares (O-Cares) Activities; World Bank On Rural Access And AgriculturalMarketing Project (Raamp 3) for Rural Development Projects; World Bank For Community And Social Development Project On O-Cares; World Bank For Labour Intensive Public Workfare On O-Cares and World Bank For Social Support Programme (Cash Transfer To Indigent Elderly On Osun Covid-19 Action Recovery And Economic Stimulus) – (O-Cares).

READ ALSO:  IPOB: What's Next After Ekpa's Finland Arrest?

“As can be seen from the above, all the projects are related to the World Bank country programme for Nigeria which targets subnational entities using the mechanism of the Nigerian Governors Forum and the National Economic Council. Previous Governors in Osun State joined in the implementation of the projects which Governor Adeleke inherited.”

The governor said what the state currently owes are loans left by his predecessors.

“We reaffirm again that Governor Adeleke has not borrowed a kobo since assuming office. Inherited liabilities and contracts cannot be tagged on the Governor of the Year on Infrastructure,” he said.


Discover more from The Source

Subscribe to get the latest posts sent to your email.

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading