Oyetola took N18bn loan after losing guber poll, Osun owing N407bn – Gov Adeleke
The governor of Osun State, Ademola Adeleke has disclosed that his predecessor, Gboyega Oyetola took an N18 billion loan after losing the July 2022 governorship election in the state.
The governor also revealed on Thursday that the state is indebted to the tune of N407.32 billion as of November 30th, 2022.
He said, Oyetola must explain why the state is owing N76 billion in salaries and pensions after receiving N50 billion salary bailout from the federal government.
Speaking with traditional rulers in Osogbo, the state capital, Adeleke said his administration inherited eight loan facilities alongside pension and debts, adding that the repayment period of the loans ranges from 16 months to 28 years.
Adeleke said commercial banks will also be required to explain why a loan repayment term was beyond the four-year tenure of a governor.
“My good people of Osun state, the total loan stock as at today is N331.32 billion,” the governor said.
“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 at 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 for answers.
“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 & 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 PhD 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.”
In November, Adeleke asked former appointees of the state to return all government properties in their possession.
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Two Policemen shot dead in gun duel with suspected kidnappers
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Two Policemen shot dead in gun duel with suspected kidnappers
Gunmen suspected to be kidnappers have killed two police officers during a foiled kidnapping operation around Little Rayfield community in Jos South Local Government Area of Plateau State.
The spokesperson of the state police command, DSP Alabo Alfred, confirmed the incident to newsmen in Jos, stating that four suspects had been arrested in connection with the attempted abduction.
Residents of Little Rayfield told our correspondent that at about 9 pm on Tuesday, gunshots were heard in the area.
They added that the kidnappers had attempted to kidnap some individuals, but the act was foiled by the men of the state police command.
According to DSP Alfred, the slain police officers were on special duty in the state from Abuja.
Alfred said, “The Plateau State Police Command wishes to inform the general public of the arrest of four (4) suspected kidnappers in the recent foiled kidnapping incident that took place along Little Rayfield Road, Jos.
“However, two (2) of our officers namely; Fatoyo Femi and Inspr Dafur Dashit attached to Force Investigation Department, Abuja (IRT) who are on special duty in Jos lost their lives during the exchange of gunfire with the suspected kidnappers.
“Meanwhile, the case is under investigation. Further development will be communicated in due course. The Commissioner of Police, Plateau State Command, CP Emmanuel Olugbemiga Adesina, psc appeals for calm in the State as the situation is under control.”
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Pandemonium erupts as Youth was shot during encounter with Army personnel
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Pandemonium erupts as Youth was shot during encounter with Army personnel
The Police Command in Akwa Ibom, on Wednesday, confirmed the death of a youth in a crisis that erupted in Ette, Ikot Abasi Local Government Area of the state.
DSP Timfon John, the State Police Public Relations Officer (PPRO), made the confirmation in an interview with the News Agency of Nigeria (NAN) in Ikot Abasi.
She said that the crisis started on Tuesday night in Ette when an army man was pursuing a boy in the community and was descended on by a mob.
‘’In an attempt to escape the mob action, the army man fired and shot one of the villagers; both the army and the villager are receiving treatment in a hospital.
‘’The situation is under control and investigation has commenced to unravel the perpetrators of the crime,’’ John said.
A source, who refused to mention his name, told NAN that the crisis was as a result of the alleged killing of a local boy by an army man attached to an oil company in Ikot Abasi.
He said that there had been a protest by the youths in the area demanding that the military should focus on their duty to the company and not target the innocent citizens.
He said that the Tuesday crisis led to the burning of five trucks, a bus and a Hilux belonging to the company.
The source said that the crisis led to the blocking of East-West Road leading to Port Harcourt, forcing motorists to divert to other routes for safety. (NAN)
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BREAKING; Dangote announces significant reduction in petrol price per litre
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BREAKING; Dangote announces significant reduction in petrol price per litre
Dangote reduces petrol price Dangote Petroleum Refinery and Petrochemicals has once again reduced the price of Premium Motor Spirit (PMS), also known as petrol, marking the second price cut this month.
The company disclosed this in statement signed by its Head of Media Communications, Mr Anthony Echiejina, Wednesday in Lagos.
It explained that the company had reduced the price by N65, from the previous N890 per litre, bringing it down to N825 per litre at the gantry (ex-depot).
This follows a N60 reduction earlier in February.
The company noted that the ex-depot price had dropped from N950 per litre in January to N825 per litre, reflecting a N125 reduction over the past 26 days.
“This recent price adjustment is expected to ensure that Nigerians pay between N860 and N865 per litre for petrol at the pump in Lagos.
“The new price will take effect from Thursday, February 27, and is aimed at providing much-needed relief to Nigerians, particularly in light of the upcoming Ramadan season.
“This strategic price adjustment is designed to offer essential relief to Nigerians during Ramadan while supporting President Bola Ahmed Tinubu’s economic recovery policies by easing the financial burden on the populace,” the statement read.
It further highlighted that Dangote Petroleum Refinery had consistently lowered petrol and other refined petroleum product prices for the benefit of Nigerians.
The statement said that this price reduction marked the second time this month that PMS prices had been slashed, following a N60 decrease earlier in February.
It said, “In December 2024, during the holiday season, the refinery reduced petrol prices by N70.50, from N970 to N899.50 per litre, as part of its ongoing commitment to easing the cost of living and providing relief during the festive period.”
The refinery emphasised that previous reductions had a positive impact on the overall cost of living and helped prevent the typical fuel shortages and price hikes associated with the holiday season.
Dangote also assured that its high-quality products, which had gained popularity both domestically and internationally, would remain available nationwide through its key partners, MRS Holdings, AP (Ardova Petroleum), and Heyden, at market-friendly rates.
The statement outlined the following prices for Dangote petrol at various retail outlets:
MRS Holdings stations: N860 per litre in Lagos, N870 in the South-West, N880 in the North, and N890 in the South-South and South-East regions.
AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 in the South-West, N885 in the North, and N895 in the South-South and South-East regions.
Dangote Petroleum Refinery also assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby contributing to the country’s foreign exchange earnings.
It called on marketers to support the initiative, ensuring that Nigerians are the primary beneficiaries of these efforts.
It emphasised that such collective actions would contribute to the broader economic recovery plan, spearheaded by President Bola Ahmed Tinubu, aimed at making Nigeria self-sufficient in refined petroleum products and positioning the country as a major oil export hub.
Dangote Petroleum Refinery, which has successfully exported its products to Europe, America, Asia, and other regions, recently supplied jet fuel to Saudi Arabia.
The refinery has confirmed it holds over 500 million litres of petrol in storage, enough to meet Nigeria’s petrol demand for several days.
Additionally, the refinery’s capacity of 650,000 barrels per day surpasses Nigeria’s average daily petrol requirement of 385,000 barrels. (NAN)
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