Osun Assembly clears air on bailout fund


Osun State House of Assembly has cleared the air on the controversy trailing the balance of the bailout fund from the Federal Government, saying the balance is N3.352 million and not N3.362 billion.

Ogbeni Rauf Aregbesola, Governor of the State of Osun

Ogbeni Rauf Aregbesola, Governor of the State of Osun

The Chairman, House Committee on Information and Strategies, Mr Olatubosun Oyintiloye, made this known through a press statement in Osogbo, the state capital.

He said that the balance of the bailout fund to the state government was N3.352 million while that of the local government councils remained N173.226 million.

Oyintiloye was apparently reacting to a statement credited to the spokesman of a faction of the State chapter of the People’s Democratic Party, (PDP), Diran Odeyemi, who allegedly claimed that the balance was N3.362 billion.

The lawmaker urged the people of the state to disregard the allegation, describing it as, “false, mischievous and misleading”.

“The public should disregard the defamatory statement credited to the factional spokesperson of PDP, one Diran Odeyemi who intended to mislead the public with his mischievous claims,” he said.

Oyintiloye said that while the balance of the local government councils fund, domiciled with the Zenith Bank, stood at N173.226 million, that of the state, domiciled with the First Bank and the Wema Bank accounts, remained at N2.040 million and N1.312 million respectively.

“These figures were given by the Accountant-General of the state, Mr Akintayo Kolawole, when he appeared before the Assembly,” he said.

He added that the chairman of the Nigeria Labour Congress, Jacob Adekomi; Chairman, Joint Negotiation Council, Adebayo Adejumo and other labour leaders were present at the probe and they corroborated the figures given by the accountant general.

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From Adeyinka Aremu, Osogbo

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