Oyetola left N76bn debt in salary/pensions

Press Statement
01/12/2022

Oyetola left N76bn debt in salary/pensions – Osun Govt

The Osun state government has uncovered a monumental debt in salaries, pensions, and insurance commitments incurred by the administration of Mr. Gboyega Oyetola, amounting to N76 billion.

This revelation was made by the Permanent Secretary, Ministry of Finance, Mrs. Bimpe Ogunlumade, while briefing officials of the new administration on the financial status of the state on Thursday.

The disclosure was contrary to the claim by the former governor that he left N14 billion in cash for the new government among other bogus claims that have now been found to be outright falsehoods.

The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary is 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 public is advised that this is not the total debt left by the past administration, as briefings on other sources of liabilities continue tomorrow.

Signed:
Mallam Olawale Rasheed,
Spokesperson to the Executive Governor