The Oyo State chapter of the All Progressives Congress (APC) has criticised Governor Seyi Makinde over the approval of a fresh N100bn loan, vowing to hold him accountable for any public funds allegedly misappropriated during his tenure.
The party also warned against spending over N4.2bn belonging to the state’s 33 local government councils on the proposed December 29, 2026 council election.
In a statement issued in Ibadan on Wednesday, the APC Publicity Secretary, Olawale Sadare, described the loan approval as an act of recklessness and insensitivity to residents’ plight.
The loan request was conveyed to the Oyo State House of Assembly in a letter read by the Speaker, Debo Ogundoyin, on Monday and subsequently approved by the lawmakers on Wednesday.
The governor reportedly said the facility would be used to refinance existing loans and fund ongoing infrastructure projects. However, the APC questioned the justification for the fresh borrowing, citing the monthly allocations received by the state and its 33 local government areas.
The party also alleged contract cost inflation, poor compliance with due process and repeated supplementary budget requests under Makinde’s administration.
Citing the reported resignation of the Director-General of the state’s Due Process Office and other senior officials, the APC called for greater scrutiny of the administration’s financial management.
It said Makinde and anyone found culpable of misappropriating public funds should be made to account for their actions after leaving office on May 29, 2027.
“Engr. Makinde and his cronies shall be made to cough out every kobo of the money belonging to our dear state which they have misappropriated while in office,” the party declared.
The state government’s response to the allegations was not available at the time of filing this report.
