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Oyetola took N18bn loan after losing election, Adeleke raises alarm

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The Osun State Governor, Ademola Adeleke, has disclosed that his predecessor, Gboyega Oyetola, took N18 billion loan after he lost the July 16th, 2022 Osun governorship election.

This is as he also revealed that the state is indebted to the tune of N407.32 billion as of November 30th, 2022.

Adeleke disclosed this on Thursday during a meeting with Osun State Traditional Rulers at Osogbo, Osun State Capital.

According to him, my administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Governor Oyetola’s administration.

Adeleke explained that the repayment period for the loan facilities ranges from 16 months to about 28 years.

“My good people of Osun state, the total loan stock as of today is N331.32 Billion.

“If the N76 billion debt on salaries and pension are added, the state is indebted to the tune of N407.32 billion. The amount owed to contractors is yet to be determined.

“The only fund in government coffers, as of Monday 29th November, was for November 2022 Salary. Otherwise, the state treasury was empty.

“As your governor, I will ask questions on your behalf. And will demand answers,” Adeleke told the traditional rulers.

He added, “Governor Oyetola must explain how the N331 Billion borrowed in the name of Osun State was expended, with no obvious infrastructural development to justify this huge debt.

“Governor Oyetola must explain how the N18 Billion Bridge Loan taken after he lost the election on July 16, 2022, was expended.

“Governor Oyetola must also explain why Osun state is owing salaries and pension to the tune of N76 Billion after collecting a N50 Billion Salary Bail Out Loan from the Federal Government

“The creditors, especially the Commercial Banks must explain why various loans were given to an administration beyond its 4-year tenure. 28 years is equivalent to the tenure of at least four governors. A child that is born today would have earned a Ph.D. at 28 years of age. This is nothing but mortgaging the future of Osun State with nothing to show for it. This is definitely not acceptable.”

See the breakdown of the debt by Adeleke below:

  1. Budget Support Facility:
    • Outstanding Balance: N51.8 Billion

• Monthly repayment: N154.9m

• Repayable Period Outstanding:
335 months = 27 years 9 months

  1. Salary Bail Out Loan:

• Outstanding Balance: N38.8 Billion

• Monthly Repayment: N232.77m

• Repayable Period Outstanding:

•167 Months = 13 years 9months

  1. Restructured Commercial Bank Loans:

• Outstanding Balance: N158.77 Billion

• Monthly Repayment: N1.14 Billion

• Repayable Period Outstanding:
139 Months = 11years 6 months.

  1. Excess Crude Account (ECA) Loan:
    • Outstanding Balance: N14.48 Billion

• Monthly Repayment: N89.97m

• Repayable Period Outstanding:
161 Months = 13 years 4 months

5.CBN Infrastructure Loan:
• Outstanding Balance: N9.2 Billion

• Monthly Repayment: N44.98m

• Repayable Period Outstanding:

205 months = 17 years 1 month

  1. FGN Intervention Loan:
    • Outstanding Balance:
    N1.7Billion

• Monthly Repayment:
N100m

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‘Betty Akeredolu dumped me after I served for 7 years on N45k monthly pay’ — makeup artist cries out

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Folashade Anu, the beauty expert, has lamented that she was paid N45,000 monthly while working for seven years as a makeup artist for Betty Akeredolu, the former first lady of Ondo.

Anu, in a recent interview with Olujimi Adekanle, the news presenter in Ondo, also said she sometimes worked as a personal assistant to the wife of the late Rotimi Akeredolu, former Ondo governor.

The makeup artiste claimed she was paid N50,000 per month but 10 percent of her salary was automatically deducted as a contribution to the Breast Cancer Association of Nigeria (BRECAN), an organisation founded by Betty.

“I worked for Her Excellency (Mrs Betty Akeredolu) for over seven years. When I was going, she did not give me anything,” said Anu as she broke down in tears.

“I worked with her for seven years as her makeup artist. I used to make her hair and do her pedicure when she was still making her hair.

“I was paid N50,000 then, but I usually gave back N5,000 to BRECAN. They would have deducted the N5,000 before the salary was paid. They called it ‘give back to BRECAN’.

“Another N100 was also usually deducted as charges.”

The makeup artist said she stopped working for Betty after her husband was buried.

Anu claimed that after Akeredolu’s burial, she solicited help from the former first lady but Betty refused, adding “I was no longer in office”.

“I texted Betty Akeredolu that I needed help and that she was my last hope, that she should render help to me, but she said there was no help she could render because she was now out of the office,” she added.

“I usually reach out to her to help me. She once told me that since I have a passport, she would take me out of the country, but till now, nothing.”

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LG polls: Oyo declares today as half-work day for civil servants

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The Oyo state government has declared Friday as a half-work day for all civil and public servants in the state ahead of the LGAs election on Saturday.

In a statement on Thursday, Sulaimon Olanrewaju, special adviser on media to Seyi Makinde, governor of Oyo, said the declaration of the half-work day was to enable workers to participate in the election.

Olanrewaju said government offices would close by noon, noting that workers on essential services are expected to remain at their duty posts.

He said the state government enjoined all civil and public servants to go out and exercise their civic rights on Saturday.

The Oyo State Independent Electoral Commission (OYSIEC) has assured that the LGAs polls would be hitch-free and credible.

Speaking recently during a radio programme, Isiaka Olagunju, OYSIEC Chairman, said only citizens with voter cards are eligible to vote.

He added that no other form of identification would be recognised, noting that additional polling units have been created by the Independent National Electoral Commission (INEC) for a smooth exercise.

He also said electoral violence would be prevented, assuring that all LGAs would receive election materials before Friday to guide against incidence of late arrival.

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FAAN diverts flights as fire breaks out at Murtala Muhammed International Airport

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Flight operations at terminal one of the Murtala Muhammed International Airport (MMIA) Lagos have been diverted by the Federal Airports Authority of Nigeria (FAAN) to the D Wing following a fire outbreak at the facility.

Obiageli Orah, director, public affairs and consumer protection, FAAN, said the incident happened in the early hours of Thursday.

In a statement, Orah said at “05:29 hrs, smoke was detected billowing from the E54 Bridge, leading electrical engineers to immediately cut off power to the entire E Wing”.

“The Airport Rescue and Firefighting Services (ARFFS) team was quick to respond, arriving at the scene by 05:30 hrs. Initial suspicions point to sparks from an electrical unit as the cause, but a thorough investigation is ongoing to ascertain the cause of the fire,” she said.

“The incident, which had escalated into a fire, was brought under control by 06:41 hrs. Efforts to ventilate the smoke from the building are in progress.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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