NewsExpress banner Firstbank Verve banner Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Group chides Aregbesola over Osun economic disaster, warns against releasing funds for federal roads to his administration

By News Express on 22/03/2016

Gmail icon

Views: 2,462

As mixed reactions trail the N6.23 million received by Osun State from the Federation Account for the month of February, as against the N2.4 billion monthly allocation accruable to the state from the Federal Allocation Account Committee (FAAC), the Civil Societies Coalition for the Emancipation of Osun State (CSCEOS), has said that Governor Rauf Adesoji Aregbesola owes the people an explanation as to what led to such a drastic shortfall, especially as other  states went home with an aggregate of over one billion naira.

The group also warned the Federal Government against releasing any kobo to Aregbesola for embarking on federal road projects. The group urged the President Muhammadu Buhari-led administration to come to Osun with a view to re-awarding federal road projects, in order to save scarce funds from being diverted by Aregbesola and his cronies, adding: “Releasing any fund to  Aregbesola on federal road projects in the state would go the same way of the over N52 billion loan obtained on the said roads project by Aregbesola’s government, none of which saw the light of the day. The funds were diverted into the private purse of the governor’s cronies, pretending to be contractors of the project.”

The coalition which is the umbrella body of over 20 human rights, community and faith-based organisations in the state, demanded public explanation from the governor on the debt regime of Osun State, given the claim by informed sources that 99.8 per cent of its monthly allocations were used to service the huge debt incurred by Aregbesola’s administration, which has made life miserable for the generality of Osun people, particularly the workers.

It added that releasing any fund to Governor Aregbesola on the federal roads Project in the State, would go the same way of the over fifty-two billion naira (N52billion) gargantuan loan obtained on the said roads project by Aregbesola’s government which the project did not see the light of the day till today, than making the road to become a death trap for those who were plying the roads in the state and also diverted the loan into the purse of the governor’s cronies, pretending to be contractors of the project.

In a statement issued by the Directorate of Media and Strategy and signed by its Chairman, Comrade Alimi Sulaiman Adeniyi and made available to News Express, the group urged Aregbesola to tender unreserved apology to the people for plunging the state into debt regime, which made life unbearable for the citizenry. The statement described the development as sad, unusual and crime against humanity and God, adding that Aregbesola’s government is a ‘political insurgency’ in the political history of the state.

The coalition, therefore, urged the good people of the state to “always salute and commend the courageous and incorruptible Judge of Osun State High Court, Justice Olamide Folahanmi Oloyede who, in June 2015, authored the 39-page letter to the rubber stamp-members of the State House of Assembly, calling for credible and forensic investigation into Osun public funds under the watch of Mr Aregbesola.” The statement lauded the judge’s courage to speak the truth to the power that be in the state, without fear or favour, adding that Osun people should be praying for Justice Oloyede, for exposing what was hidden on the finances of the state.

The CSCEOS’ statement flayed Aregbesola for saying that his government would not be able to pay its workforce their March 2016 salaries due to the N6.23 million collected from the February allocation, noting: “This is high time for the people of the state to prevail on Mr Aregbesola to come out and inform the good people of Osun State, at home and abroad, the total figure and source of the loan obtained by Aregbesola’s administration and at what time the loans were obtained for what purpose and when the state begins the payment and end the payment. Governor Aregbesola should not hesitate to tell the people of the state, how and when the boom in our allocation became insatiable for the running of the state that led the state to the collection of the loan to that extreme. No doubt that Osun State has become bankrupt under Aregbesola, and the development is having serious impact on the lives of the citizenry.

“Osun is the worst state Nigeria today, with high debt profile. Federal Government should know one thing about the state under Aregbesola’s watch: it has been destroyed beyond redemption.  Mr Aregbesola had diverted all the loans obtained in the names of one project or the others, including Federal Government roads in the state into the private purse of his cronies. This is what the state’s meagre monthly allocations have been deducted to pay back now.”

•Photo shows Governor Aregbesola.

Source News Express

Posted 22/03/2016 04:50:34 AM





You may also like...
Nigeria's Nneka wins 2015 Commonwealth Short Story Prize...

Why I prefer woman as Finance Minister: Buhari...

APGA disowns anti-Jonathan state chairman

21st Century Fox shareholders approve Walt Disney’s $71bn...

Telecoms operators undermining 38m Nigerians, says NCC Boss...

APC seeks investigation into brutalisation of Enugu Perm...

Lagos Govt., Access Bank to give sex education...

Uyo floods shock Gov. Akpabio; to investigate cause...

Megachurch Pastor in $1 million fraud scandal, slammed...

Youths set 2023 retirement deadline for old politicians...

Imo Govt set to clear workers’ salary arrears...

Nigeria’s First Lady POISONED, flown abroad for treatment...


Latest News Anambra community sacks monarch •Accuses him of truncating peace, high-handedness 6 suspects in Police net for murder, illegal possession of firearms Yari, Shinkafi, Yerima, Emirs to lose farmlands on grazing reserves, cattle routes 2023: How my successor will emerge — Umahi I would rather die than join APC — Fani-Kayode Armed robbers attack hospital, rob patients, staff Atiku, Tinubu meet at airport, hold hands discussing Lagos to test-run Blue line rail December 2020 Osun monarch divorces queen over irreconcilable differences NNPC declares N5.20bn trading surplus in August We will sustain tempo of development in Oyo — Makinde The agenda for new FIRS Chairman, By Danladi Ndayebo


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (573,353 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (457,247 views) Shameless Genevieve Nnaji exposes breasts in public (407,305 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (341,954 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (308,497 views) 10 cars more expensive than Jets (293,383 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (261,674 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (260,982 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (242,398 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (228,804 views) Lagos plane crash: Journalist releases victims’ names (204,481 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,801 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (112) Business & Economy (4,625) Business Verdict (89) Columnists (1,158) Complaints & Requests (98) Enterprise & Opportunities (221) Entertainment (719) Features (857) Global Business Monitor (499) ICT Monitor (73) International (4,328) Interview (220) Live Commentary (30) Love Matters (179) Maggie's Blog (520) News (55,324) Opinion (1,443) Pidgin (18) Politics (11,898) Religion (1,133) Sports (2,258) Stock Watch (41) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera