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‘Oyetola never took any bank loan while in office’ as ex Governor replies Adeleke

Mr Ismail Omipidan, Media Aide to former Osun Governor Gboyega Oyetola, on Thursday insisted that the administration of his principal never took any bank loan for the four years he served as governor.

Omipidan, in a statement in response to Gov. Ademola Adeleke’s speech that Oyetola’s administration left behind a debt profile of N407.32 billion, said the debt was incurred by the administration of former Osun Governor, now Minister of Interior, Rauf Aregbesola.

He described the claim by Adeleke that Oyetola took N18 billion loan facility, after losing the election, as not only outlandish but unfounded.

He insisted that the claim was made out of ignorance and mischief.

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He challenged Adeleke to publish details of the outstanding loan facilities he claimed Oyetola administration inherited and the years they were procured.

“When talking about loans, you cannot talk of maturity date without talking about the dates they were procured.

“It is either that those who prepared the speech for the governor to read did not understand the implications of their position or they did it out of sheer mischief.

“If they had read and understood my principal’s ‘farewell speech’ very well, they would not have alleged that he took N18 billion loan.

“Again, even in the table they released by themselves, they contradicted themselves.

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“They captured the N18billion loan (N3 billion monthly) as having commenced from December 2021 and that it came for six months.

“Yet, they claim the same N18 billion was accessed after the July election. This is why I said they are either confused or are out for mischief or even both.

“In the third paragraph of my principal’s farewell speech, he had said that for four years, we did not take any bank loan facility. But we benefitted from the N3billion monthly intervention from the Federal Government for six months to cushion the effect of deductions of budget support facility and salary bailout accessed by the previous administration, just as we have paid N97 billion from the total debt we inherited in 2018.

“I want to believe it is the Federal Government intervention they have now twisted to call a loan. This intervention was extended to all the 36 states of the federation and the monthly N3 billion for six months came before the July 16 governorship election. This is a fact that can be verified,” he said.

Omipidan restated that the administration of Oyetola never took any bank loan facility and challenged the Adeleke’s government to publish balances of all bank accounts belonging to the state as at Nov. 26, 2022.

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He said when the Oyetola administration took over in 2018, it inherited humongous debt but got to work, found means of making things work and reduced the debts inherited by N97 billion (NAN)

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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.

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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.

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‘’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.

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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.

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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:

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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.

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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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