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.

The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has distributed 10 electricity transformers to communities across the district as part of efforts to address power supply challenges and boost economic activities at the grassroots.
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‎The intervention is expected to improve electricity supply in parts of Ido, Ibadan North and Ibadan South-East Local Government Areas of Oyo State.
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‎Oseni’s media aide, Idowu Ayodele, disclosed this in a statement issued on Wednesday in Ibadan.
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‎According to the statement, the beneficiaries include Jankata, Ajose communities in Ido Local Government Area; Irepodun/Iwajowa communities around the University of Ibadan (UI) in Ibadan North; as well as Iyana Court and Odinjo in Ibadan South-East.
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‎Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives, said the intervention was informed by the needs of communities across the senatorial district.
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‎He noted that residents had continued to seek assistance in critical areas, including electricity, water supply, roads, education, healthcare and empowerment.
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‎”Many communities across Oyo South Senatorial District have requested support in different areas, including electricity, water, roads, education and empowerment. We recognise these needs and will continue to respond as resources and opportunities permit,” he said.
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‎The lawmaker, who chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), said effective representation went beyond legislative duties to include sustained engagement with constituents and efforts to address their developmental needs.
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‎He added that investments in essential infrastructure would improve living conditions, support small businesses and stimulate economic activities in beneficiary communities.
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‎The latest intervention follows an earlier distribution of five transformers to communities in Ibadan South-West, Ibadan North, Ibadan North-West and Ido Local Government Areas.
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‎The earlier beneficiaries included Oke-Ayo/Odo-Ona, Adeoyo, behind the Federal Industrial Court along Ring Road, in Ibadan South-West; the Baptist community behind NIHORT in Ido local government; Hausa community in Sabo, Ibadan North; and Opo in Ibadan North-West Local Government.
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‎The statement said the interventions were aimed at addressing electricity challenges affecting households, businesses and other economic activities in the beneficiary communities.
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‎Oseni assured residents that requests from other communities would continue to receive attention as opportunities arose, adding that community development remained an important consideration alongside his legislative responsibilities.
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The All Progressives Congress (APC) governorship candidate in Oyo State, Senator Sharafadeen Alli, has questioned a reported plan by Governor Seyi Makinde’s administration to obtain a fresh N100bn loan, warning against financial decisions that could saddle the state with additional debt ahead of the 2027 change of government.

Alli, through his campaign organisation, also raised concerns over the N200bn bond approved by the Oyo State House of Assembly in June to refinance existing debts, urging the government to disclose the implications of its borrowing plans for the state’s finances.

In a statement issued on Tuesday and signed by the Director of Media and Publicity of the Alli Campaign Organisation, Bisi Oladele, the organisation also faulted a proposed N4.2bn expenditure on local government elections, which it said was facing litigation involving members of the governor’s party.

The organisation warned that decisions taken in the closing months of Makinde’s administration must not create avoidable financial obligations for the incoming government.

It acknowledged the governor’s constitutional authority to administer the state until the end of his tenure but insisted that such powers should be exercised with due regard for fiscal responsibility and accountability.

“We acknowledge that Governor Makinde still has about seven months before the expiration of his tenure and retains the constitutional authority to administer the affairs of the state within the limits of the law.

“We, however, warn that the remaining months of his term must not become an opportunity for reckless expenditure, questionable borrowing or the creation of financial liabilities that could constrain future governments,” the statement said.

On the reported N100bn commercial bank facility, the campaign organisation demanded clarification on its purpose, interest rate, repayment structure, collateral arrangements and the projects it was intended to finance.

It also called for a detailed account of the N200bn bond, including the debts to be refinanced, the interest obligations attached to them, the bond’s pricing and maturity period, and the expected savings to the state.

The organisation urged commercial banks and other financial institutions to conduct thorough assessments of the state’s repayment capacity before granting any fresh credit facilities, stressing the need to comply with applicable financial regulations.

It said lenders should not compromise prudent lending standards when dealing with a sitting government, adding that any questionable lending decisions should be subjected to appropriate scrutiny.

The campaign organisation further called on the Makinde administration to publish an updated statement of the state’s domestic and external debts, debt-servicing obligations, outstanding contractual liabilities and projected fiscal position ahead of the next administration’s inauguration in May 2027.

It also urged the state House of Assembly to scrutinise borrowing proposals and major expenditure approvals, rather than treating requests from the executive as routine matters.

“Every kobo borrowed today must be justified, every expenditure must withstand public scrutiny, and every financial commitment must serve the enduring interests of our people,” the statement added.

The organisation warned that Oyo State should not enter the next administration with undisclosed liabilities or financial commitments that could limit its capacity to meet public needs, insisting that the governor must remain accountable for the state’s finances until the end of his tenure.