Oyetola leaves a debt of 76 billion naira for the administration of Ademola Adeleke

The Osun state government has discovered debts related to salaries and pensions, amounting to more than 76 billion naira, left behind by the administration of the immediate previous governor Adegboyega Oyetola.

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

The uncovered debt included salary, pension and insurance commitments made by the Gboyega Oyetola management, in the amount of N76 billion.

The disclosure runs counter to the former governor’s claim that he left 14 billion naira in cash for the new government. He added that this is one of several other false claims that have now been found to be outright false.

Debt breakdown: The breakdown of salaries and pension-related liabilities as disclosed by the Permanent Secretary is as follows: Salary: N29,875,191,128.64; Overdue pension: N45,375,237,693.40; Group Life Insurance Regime: N554,644,028.97, Total: N75,805,072,851.01.

The news continues after this announcement.

More debt to discover: He said the recently undisclosed figure is not the full debt left by the previous administration as briefings on other sources of liabilities continue.

In case 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 took office last weekend.

The news continues after this announcement.

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