Parliament

Osun Assembly probes N407bn state debt

The Osun State House of Assembly has directed appropriate agencies to provide the Assembly the updated details of the state’s debts and financial profile.

The Assembly equally called on business owners and investors not to be alarmed by the state debts profile declared by Governor Ademola Adeleke on Thursday.

Adeleke had declared that his administration discovered a debt of N407.32 billion left behind by the immediate past governor of the state, Gboyega Oyetola.

He made this known at a meeting with the traditional rulers in the state.

However, the Osun Assembly, in a statement issued on Friday by the Chairman of the Commitee on Information and Publicity, Kunle Akande, said: “The Assembly expresses concern over the reactions trailing yesterday’s debts profile declaration by the governor of the state, Sen. Ademola Adeleke.

READ ALSO: NAF promotes 31 to AVMs, 26 Air Commodores

“The Assembly, as accredited representatives of the people, is duty bound to seek clarifications and inform the people of the state accordingly.

“In this regard, we have instructed the appropriate agencies of government to immediately furnish the House with the updated details of the state’s debts and financial profile.

“We, hereby, call on all investors and business owners not to be alarmed by the said debts profile of the state,” the Assembly noted.

The Star

Segun Ojo

Recent Posts

I barely saw my family in first 55 days as gov — Zulum

Borno State Governor, Babagana Umara Zulum, has revealed that he saw his children only three…

1 hour ago

Mexico promises peaceful World Cup opening amid protests

Mexican President Claudia Sheinbaum said on Monday she could guarantee a peaceful World Cup opening…

3 hours ago

Somali referee denied entry to US for World Cup

Award-winning Somali referee Omar Artan has been denied entry to the United States for the…

3 hours ago

‘We ate once daily’: Freed Ngoshe captives recounts ordeal in Boko Haram caves

Survivors rescued from a mass abduction in Ngoshe, Gwoza Local Government Area of Borno State,…

3 hours ago

Nigerians spend N50bn on US visa applications as approvals decline

Nigerians spent more than N50 billion on United States visa applications between 2023 and 2024…

4 hours ago

Nigeria’s fuel import bill drops by N2.18trn

Nigeria's expenditure on petrol imports fell sharply in the first quarter of 2026, dropping by…

4 hours ago

This website uses cookies.