Everything News
A Federal High Court sitting in Port Harcourt has fixed August 21 to deliver a ruling on legal representation for the Peoples Democratic Party in a suit filed by the BOOT Party against Martin Amaewhule and 25 other lawmakers. Members of the BOOT Party had filed a suit challenging the legitimacy of Martin Amaewhule and
In a dramatic turn of events, the dynamic duo ‘Streeze’, comprising Mayor Frosh and Toby Forge, has been evicted from…
The Anambra State Independent Electoral Commission has insisted that no political party or candidate will be favoured during the local government election coming up on September 28 across the state. Recall that some major political parties, including the All Progressives Congress, Peoples Democratic Party and the Labour Party, have threatened to boycott the local government
Read More
The Anambra State Independent Electoral Commission has insisted that no political party or candidate will be favoured during the local government election coming up on September 28 across the state. Recall that some major political parties, including the All Progressives Congress, Peoples Democratic Party and the Labour Party, have threatened to boycott the local government
The Osun State Governor, Ademola Adeleke, has reacted to the allegations of secretly obtaining loans and the call by the All Progressives Congress (APC) in the state for accountability. DAILY POST reported that the Osun APC challenged Governor Adeleke to disclose the true financial records of the state. The party said such disclosure was in
Osun: Gov Adeleke denies allegations of secretly obtaining loans
The Osun State Governor, Ademola Adeleke, has reacted to the allegations of secretly obtaining loans and the call by the All Progressives Congress (APC) in the state for accountability.
DAILY POST reported that the Osun APC challenged Governor Adeleke to disclose the true financial records of the state.
The party said such disclosure was in the interest of the state’s “suffering masses,” whose resources were allegedly siphoned for personal aggrandizement.
The party threw the challenge during an end-of-the-year press conference in Osogbo on Monday.
Addressing journalists, the APC Director of Media and Information, Kola Olabisi, accused the state government of secretly signing and obtaining a combined foreign loan of $51 million, or N81.6 billion equivalent, using an exchange rate of N1,600 to 1 USD.
Olabisi maintained that the current administration is on the verge of putting the future of the state into a deep financial mess, hence the need for the people of the state to rise to the occasion and hold Adeleke accountable for financial recklessness.
According to the APC, the impression that Adeleke’s administration has not obtained any loans since inception is a lie, as part of the state’s 2024 budget is being financed from the NG-CARES facility.
Reacting to the allegations, the spokesperson for the governor, Olawale Rasheed, dismissed the APC’s claims.
Olawale categorically denied that Osun State had acquired foreign loans under NG-CARES.
“As a member of the executive council from the onset, I can affirm that no loan approval request has been made for any project.
“This is fake news, which the APC has continuously peddled. Osun people are discerning and educated—they know when their government is borrowing,” he said.
Osun: Gov Adeleke denies allegations of secretly obtaining loans