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Osun govt. cautions Aregbesola’s aide over ‘mischievous narratives’ on state’s debt portfolio

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The Osun state government has cautioned the immediate past Commissioner for Finance, Dr. Wale Bolorunduro to desist from misleading the public with wrong narratives as regards the state’s debt portfolio.

The government, through its Debt Management Office (DMO) reminded Bolorubduro that he served as Commissioner for Finance for only three years in an administration which completed the two terms of eight years, hence he lacks full knowledge of what really transpired under the administration.

Reacting to the ex-commissioner’s write up published in a weekly local newspaper last week, the Director General, Osun DMO, Dr. Tunde Adejumo noted that there is no need for the State’s total debt stock to become a subject of argument when there is a Federal repository of debts stocks in the country. He explained that Federal Debt management office (DMO) keeps records of all borrowings by both the Federal and States’ governments in the country.

The piece by the Osun DMO Director General reads In part, “On the issue of the State’s monthly loan repayments, and monthly loan deductions from the Statutory receipts, these are verifiable details from both the offices of Accountant-General (AG) of the Federation and Federal Ministry of Finance (FMoF). Therefore, the unending narratives on Osun State’s Debt Stock and loan repayments from the former Commissioner of finance, in our view are mischievous and needless.

“Concerning the State’s total debt portfolio which Dr. Bolorunduro think is secretive (as it was during his time in the State’s ministry of finance), as usual, our office actually has nothing to hide.

“According to our records, the State’s total debt portfolio inherited by the current administration was truly well over =N=200billion.

“On the issue of deductions from the State’s monthly statutory accounts, and fund applied so far for loan repayments by the current administration, as at November 2018, monthly direct deductions for repayment of the State’s loan was =N=2.61billion.

“This excludes other deductions from the State’s IGR for internal loans’ repayments. This amounted to over =N= 130million”.

He continued, “Following the full repayments of the State’s =N=30billion Bond and =N=11.4billion Sukuk in 2019 and 2020 respectively however, direct deductions from the State’s monthly revenue had reduced to =N=1.8billion, while indirect deductions (from the State’s IGR) for loan repayments subsists.

“Total deductions from the State’s statutory revenue for the month of January 2022, appropriated recently was =N=1,836,968,138.03 (One billion, eight hundred and thirty six million, nine hundred and sixty eight thousand, one hundred and thirty eight Naira, three kobo) only, against a Gross statutory allocation of =N=1.46billion.

“This can be verified officially from the appropriate agency of the FGN as earlier indicated. I hope our egg-head Doctor could now see that the State government’s claim of negative statutory receipt from the Federation account for the referenced month actually adds up contrary to his insinuation.

“For avoidance of doubts, we wish to add that till date, the current administration has applied over =N=70billion for the State’s loan repayment. This excludes amount applied for part payment of the Domestic non-borrowing debts such as Pension and gratuity, contractors’ arrears etc inherited from the immediate past administration.

“While claiming full knowledge of the State’s financial affairs inclusive of the State’s level of exposure during the preceding administration, Dr. Bolorunduro perhaps needs to be reminded that he served as the State Commissioner of finance under the last administration for only a period of three years ending in November 2014. One therefore wonders why he keeps claiming to be a Registry of all the financial transactions during the whole 8 year tenure of the immediate past administration. Whereas, we are not unaware of his usual clandestine moves and antics in breaking through the State’s firewalls, it will be advisable for him to be sure of his figures at least. It would be recalled that our office had earlier raised concern on his usual contentious statistics and tenuous narratives about the financial affairs of the current government in the State.

“In his referenced publication, the former commissioner, also made an assertion that monthly loan repayment ordinarily should be met from the State’s Internally Generated Revenue (IGR). As fiscally logical as this argument sounds, it is quite astonishing that this was not the case when the self-acclaimed Financial Guru was in charge of the State’s finance. As a matter of fact, the State’s IGR was at best, only about 25% of the State’s loan repayment throughout his 3 year tenor as Finance commissioner in the State”, Adejumo concluded.

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Ago-Iwoye Comes Alive as Community Celebrates Cultural Heritage

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Traditional rites, medical outreach, sporting events and youth competitions feature in weeklong celebration

AGO-IWOYE came alive with cultural displays, sporting activities and community development initiatives as indigenes and residents gathered for the 2026 Ago-Iwoye Day celebration.

The weeklong programme, which began on Monday, October 5, brought together indigenes from across Nigeria and the diaspora to celebrate the town’s cultural heritage and promote unity and grassroots development.

The celebration opened with the traditional Woro Plucking Programme at Ojuade Olooto at 7am on Monday. This was followed by intellectual and strategy games at the Ebumawe Palace, where participants competed in chess, draughts, Scrabble and Ayo Olopon.

Health and sports featured prominently on Tuesday, October 6, as residents took part in a medical check-up and eye screening exercise at the Ago-Iwoye City Hall.

At the Ago-Iwoye Stadium, sports enthusiasts watched the table tennis finals and the final of the Quarters Football Competition.

 

The activities continued on Wednesday, October 7, with the finals of the secondary school football competition for male and female categories at the stadium.

Students returned to the spotlight on Thursday, October 8, for a quiz and debate competition at the City Hall. The academic activities were complemented by a public lecture on sustainable community development and youth empowerment.

On Friday, October 9, the Ebumawe of Ago-Iwoye led a health walk from the Omoedumare Roundabout at 7am, drawing residents into another activity designed to promote healthy living and community participation.

The day ended with Ebiripo Night at the Imososi Primary School Field, where music, dance and folklore accompanied celebrations around the town’s popular local delicacy.

The grand finale is scheduled for today, Saturday, October 10, at the Imososi Primary School Field, with traditional performances, civic honours and fundraising activities on the programme.

A thanksgiving service at the Methodist Cathedral, Imere, Ago-Iwoye, is expected to bring the celebration to a close on Sunday, October 11.

Speaking on the significance of the event, the Secretary of the Planning Committee, Dr Samuel O. Awobona, said the turnout demonstrated the commitment of indigenes and residents to preserving the town’s identity and advancing its development.

He said, “This weeklong celebration underscores our collective resolve to preserve our identity while driving grassroots development. The massive turnout across all generations reflects the enduring spirit of Ago-Iwoye.”

The annual celebration provides an opportunity for the community to showcase its traditions while bringing residents, young people and indigenes in the diaspora together around shared cultural and developmental goals.

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2027: INEC begins distribution of 77,015 PVCs in Oyo Friday

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The Independent National Electoral Commission will on Friday begin the distribution and collection of 77,015 newly printed Permanent Voter Cards across Oyo State ahead of the 2027 general elections.

The exercise, which will run from October 9 to 15, will be conducted at the 351 registration areas and wards across the state.

The Resident Electoral Commissioner in Oyo State, Prof. Adeniran Tella, disclosed this in a statement issued on Tuesday.

Tella said the exercise would hold daily, including weekends, between 9am and 3pm.

He explained that the exercise would cover newly printed PVCs as well as unclaimed cards printed ahead of the 2023 general elections.

The REC urged eligible voters to visit their respective registration areas during the seven-day exercise to collect their cards.

He also appealed to members of the public to disregard information circulating online suggesting that the Continuous Voter Registration exercise was still ongoing.

According to him, the CVR exercise ended on July 26, 2026.

Tella said those expected to benefit from the current exercise included newly registered voters, persons who had lost their PVCs, voters who requested transfers from one polling unit to another, and those whose cards were damaged or defaced during the last CVR exercise.

He said the collection of PVCs would continue at INEC offices in the 33 local government areas of the state after the seven-day exercise at the registration areas and wards.

The same collection hours of 9am to 3pm would apply at the local government offices, he added.

Tella further assured residents that the commission would receive additional batches of newly printed PVCs for distribution in the state.

He therefore urged eligible voters and other stakeholders to take advantage of the exercise and ensure that their PVCs were collected ahead of the 2027 elections.

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Alli Campaign Warns Against Fraudsters Collecting NIN, Bank Details

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The campaign organisation of the All Progressives Congress governorship candidate in Oyo State, Senator Sharafadeen Alli, has warned members of the public against fraudsters allegedly impersonating the senator and members of his campaign team to obtain sensitive personal information.

The organisation said the suspected fraudsters had been contacting unsuspecting members of the public by telephone and requesting their National Identification Numbers, bank account details and other confidential information.

The warning was contained in a statement issued on Saturday by the Director of Media and Publicity of the campaign organisation, Bisi Oladele.

Oladele described the development as an attempt to deceive members of the public and expose their personal and financial information to possible abuse.

He said, “Neither Senator Sharafadeen Alli nor his campaign organisation has authorised anyone to solicit NINs, bank details, passwords, PINs, One-Time Passwords or any other confidential information from members of the public.”

The campaign organisation urged anyone who receives such calls or messages to disregard them and avoid disclosing personal, banking or identification details until the identity of the caller has been properly verified.

It also cautioned members of the public against transferring money or responding to requests for financial assistance made through unverified telephone numbers, social media accounts or other unofficial communication channels purportedly linked to the campaign.

The organisation warned that sensitive information could be exploited for identity theft, financial fraud and other criminal activities.

It urged victims or members of the public who encounter suspicious calls or messages to report them promptly to the appropriate security agencies.

The campaign organisation said it was taking the allegations seriously and would cooperate with relevant authorities to identify and prosecute anyone found to be involved in impersonation, fraud or other criminal activities using Alli’s name.

It further advised the public to remain vigilant and verify unsolicited requests before responding to them, stressing that information about Alli and his campaign should be obtained only through officially verified communication channels.

The organisation reaffirmed Alli’s commitment to lawful and transparent engagement with the people of Oyo State, maintaining that legitimate political engagement does not require anyone to surrender confidential banking or identity information to unidentified callers.

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