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Osun Govt Challenges Ex-Commissioner Over State’s Finances Claims

Osun Govt Challenges Ex-Commissioner Over State’s Finances Claims

Osun Govt Challenges Ex-Commissioner Over State’s Finances Claims

Osun Govt Challenges Ex-Commissioner Over State’s Finances Claims

On Sunday, the Osun State Government confronted former Finance Commissioner Dr. Wale Bolunduro about his allegations regarding the state’s finances under Governor Adegboyega Oyetola.

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The government said that Bolorunduro fabricated information and spread falsehoods against Governor Gboyega Oyetola and the administration he is in charge of.

In a response to statements made by Bolorunduro at a press conference announcing his switch to the PDP, the state of Osun’s commissioner for information and civic education, Funke Egbemode, said the former finance commissioner’s claims that he used his connections to raise money to modernize Osun were untrue.

Osun Govt Challenges Ex-Commissioner Over State’s Finances Claims

The statement read in parts, “For God’s sake, how can a single member of a State cabinet under the leadership of a Governor arrogate such glory to himself? For instance, he claimed to have used his relationship with the Governor of the Central Bank (‘my former boss’, he said) to facilitate a two billion naira revolving fund for micro, small and medium farmers, traders, and artisans without issuing an ISPO, for any monthly deductions from FAAC…’

“Nothing can be farther from the truth. The said amount was disbursed by the Federal Government through the CBN to all the states of the federation under the Micro, Small, and Medium Enterprises Fund, MSMEDF.

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“For clarity purpose, the referenced fund was actually put in place by the FG to galvanize entrepreneurship activities across all the states in the country! In Osun, in line with the requirements of the fund, Osun Micro Credit Agency was employed as a vehicle to access the loan in 2014.

“Contrary to Bolorunduro’s claim, however, an ISPO was actually issued by him on the State’s local government’s accounts, and the referenced funding was further supported by a Bank Guarantee among other comforts.

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The former commissioner was simply struggling to sidestep the fact that the State’s finance was in a very precarious situation such that the required ISPO could not be accommodated on the State’s Statutory account.”


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