Oyetola Administration Left N76bn In Debt As Salaries, Pensions – Osun Govt Opens Up, Gives Breakdown

The Osun State Government has revealed that it has uncovered a monumental debt in salaries, pensions and insurance commitments incurred by the outgone administration of former governor Adegboyega Oyetola.
According to a statement made available by Olawale Rasheed, the spokesperson to Governor Ademola Adeleke, the debt amounted to ₦76 billion.
The statement disclosed that Bimpe Ogunlumade, the Permanent Secretary in the Ministry of Finance gave this revelation while briefing officials of the new administration on the financial status of the state on Thursday.
According to the statement, “The disclosure was contrary to the claim by the former Governor that he left ₦14bn in cash for the new government among other bogus claims that have now been found to be an outright falsehood.

“The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary are as follows: (I) Salary: N29,875,191,128.64, (II) Pension Arrears: N45,375,237,693.40
(III) Group Life Assurance Scheme: N554,644,028.97. Total: N75,805,072,851.01”
The statement noted that other sources of liabilities would still be available to the public with regards to the total debt left by the past administration.
Recall that in the farewell address of former Governor Adegboyega Oyetola, he revealed to the citizens of the state that he was leaving behind ₦14billion in cash.

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