Osun APC accuses Adeleke of planning secret loan, gov dismisses claim
The All Progressives Congress in Osun State accused Governor Adeleke of planning to secretly take out a loan of N300 billion using local government areas as collateral, a claim that the governor has dismissed.
The Osun State chapter of the All Progressives Congress (APC) has alleged that Governor Adeleke and his cabinet are conspiring to secure a loan of N300 billion, putting the 30 local government areas in the state at risk as collateral. The APC's spokesperson, Kola Olabisi, revealed that the party obtained information regarding a meeting between the governor's cabinet and senior career officers of the local councils, where this loan proposal was allegedly discussed. The APC expressed concerns that this move could lead Osun State into significant debt, potentially impacting future generations. They criticized the government for failing to provide any valid reasoning for taking such a financial risk and warned that it could burden the state with long-term liabilities. The suggestion that each local government area would be used as collateral has raised alarm among stakeholders and citizens alike, who fear the implications of such a decision. In response, Governor Adeleke has dismissed these claims as unfounded, suggesting that the opposition party is merely attempting to sow discord and misinformation. This controversy highlights the growing political tensions in Osun State and raises questions about fiscal governance and accountability in the management of public resources.