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AC blasts Oyinlola over N18.3bn loan

By Gbenga Olarinoye
The Action Congress, AC, in Osun State has condemned Governor Olagunsoye Oyinlola for going ahead to obtain a loan of N18.3billion despite public outcry against it.

The party also stated that the loan which attracts 15percent interest obtained by the outgoing government amounts to mortgaging the future of the state, adding that upon payment, the state would cough out an extra N2.757billion.

Addressing newsmen yesterday, the state party chairman, Alhaji Moshood Adeoti also defended the immediate past administration of Chief Bisi Akande that he actually left N6billion in the treasury for the administration of Oyinlola in 2003.

Although Oyinlola insisted that Akande left behind a debt of over N2.5billion, the AC in Osun State gave a breakdown of the N6billion left behind which include, money meant for the construction of a new Government House, Agric Credit Corporation Fund, National Primary Education Foundation of N2billion and 3 months salary for workers.

The party also disclosed that a substantial fund meant for the purchase of drugs in maternity houses in the state was also left in the treasury.

Alhaji Adeoti faulted Oyinlola’s claim that the administration of late Bola Ige and Chief Bisi Akande in the old Oyo State obtained spurious loans amounting to millions of naira that left the state highly indebted.

His words, “we note that the manufactured inherited debt burden is a manifestation of Oyinlola’s intolerance and inability to withstand opposition which is well known with him as a by-product of his military background. The truth is that Oyinlola has always wanted an opportunity to rubbish our national chairman and his predecessor in office, Chief Bisi Akande whose gargantuan achievements of 4 years he could not match in 7 years.”

“This could be seen in Oyinlola’s mischievous reference to the second republic administration as Bola Ige/Bisi Akande as against Bola Ige/S.M. Afolabi administration that was in place till November 1982.”

“Since Bola Ige is dead, anything associated with his life status and name must be destroyed, seem to be Oyinlola’s goal, while Akande who is treading that path gradually but steadily must be prevented with vehemence. This is the summary of the attempt by Oyinlola, to use the inherited debt burden excuse as the basis for his bid to take loan,” he added.


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