Osun N407.32bn Debt Profile: Rights group set to approach anti-graft bodies for credible investigation, possible prosecution

Thu, Dec 22, 2022
By editor
2 MIN READ

Politics

FOLLOWING the controversy surrounding the indebtedness of Osun State to the tune of N407.32 billion, a human rights organization, the Centre for Human Rights and Social Justice, CHRSJ, has concluded plan to approach the anti-graft bodies of the Economic and Financial Crime Commission, EFCC, and Independent Corrupt Practices and other Related Offences Commission, ICPC, for credible Investigation into the alleged criminal mismanagement of Osun public funds which lead to bogus indebtedness on the neck of the state.

The plan action to be taken by the rights group was imperative in order to retrieve all the Osun public funds in the private purse of certain individuals in the state and beyond, noting that every kobo of

Osun fund in the last 10 years should be accounted for by immediate past Governments of Gboyega Oyetola and Rauf Aregbesola respectfully.

Saluting Governor Nurudeen Ademola Adeleke for uncovering and exposing their Can of Worm in the financial sector of the state.

It also wants the former Director General of Osun Debt Management Office, DMO, Tunde Adejumo, to be investigated for being an accomplice in putting debt of repayment for 28 years on the neck of the state without any tangible justification for the said loan.

It added that Adejumo and his co-travelers had mortgaged the future of the state with unfortunate and unnecessary debts, saying that the group, CHRSJ, and its sister organization (Civil Societies Coalition for the emancipation of Osun State-CSCEOS, had been vindicated with the ongoing open secret on the present financial status of the State from the new administration of Governor Nurudeen Ademola Adeleke.

It would be recalled recently that the new Governor of the State, Senator Jackson Ademola Adeleke had raised an alarm over the state of indebtedness of the state to the tune of N407.32 billion when he took over the reign of the state as the 6th Executive Governor on November 27th, 2022.

A.I

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