The government of Osun state claims to have discovered a total debt of #76 billion in salary, pensions, and insurance promises made by the regime of the state’s most recent governor, Mr. Gboyega Oyetola.
According to a statement released by the state governor’s spokeswoman, Mallam Rasheed Olawale, the Permanent Secretary of the Ministry of Finance, Mrs. Bimpe Ogunlumade, made the disclosure while updating members of the new government on the state’s financial situation.
This declaration was in opposition to the former governor, Gboyega Oyetola, who made false assertions including that he left N14 billion in cash for the incoming government.
The breakdown of the salaries and pension-related liabilities as disclosed by the Permanent Secretary are 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 statement concluded by advising the public that this is not the total debt left by the past administration as briefings on other sources of liabilities continue tomorrow.
