The Osun State Government has revealed that it has uncovered N76million monumental debt incurred by the outgone administration of former governor Adegboyega Oyetola.
According to a statement by Olawale Rasheed, the spokesperson to Governor Ademola Adeleke, the debt were from salaries, pensions and insurance commitments.
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.
