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Aregbesola breaks silence over debt impasse between Oyetola, Adeleke; says Account General knows the facts
For the first time since the impasse broke over the debt profile of Osun State, former Governor and serving Minister of Interior, Rauf Aregbesola, Saturday morning broke his silence .
Reacting to the statement by the former Commissioner for Finance, Bola Oyebamiji on the contention that the debts were incurred by the Aregbesola administration, said in a statement that the impasse was between Adeleke and Oyetola, and so he should not be in the picture.
Aregbesola said though he took loans, the former Governor said the two major loans obtained under his administration had been liquidated. He added that the other ones are long-term concessional loans granted to the state by the Federal Government with what he described as minimal monthly deductions.
Aregbesola said: “I will suggest that you look at all the loans and get to the Accountant-General of the state at Abere. I think the AccountantGeneral or the Permanent Secretary (Finance) would have better information because it is the Accountant-General that raised a memo based on the query of the governor.
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“The Accountant-General, in reply to the query of the governor, stated the condition of the loans and the loans that are outstanding. He is the most knowledgeable about the loans by the state as the custodian of the account of the state. They should count Aregbesola out of it.”
He said the loans collected by the Aregbesola government had been liquidated, saying “was it Aregbesola that took a loan of N18billion after he lost the election? The two major loans Aregbesola took have been liquidated. They were the Sukkuk loan and the other ones were long-term concessionary facilities by the Federal Government which have a long span repayment terms. The deductions are minimal and they are not deductions that will infringe on finances of the state. The two major loans taken by Aregbesola have been liquidated.”
He said: “The matter is between the Adeleke and Oyetola administrations because the Aregbesola debts have been liquidated. It was not Aregbesola that took the N18 billion loan that was taken after the election. Oyetola took some other loans, including salary support from the Federal Government.
“They caused the problem for themselves. If they had set up a transition committee and if they had cooperated well with the incoming governor after they had lost election, there would have been a smooth change of government.
“They would have compared notes and there would be no rancour. But he was busy sowing mines on the path of the incoming governor, creating problems for him, and spending money with reckless abandon. What did he do with N18 billion? Now the new government is fighting back. If the new government takes the matter up to the EFCC, there would be problems for the Oyetola administration.
“They should count Aregbesola out of their problems because out of the three loans he took, two have been liquidated. It is only the long-term debt that is remaining and only the Accountant-General can give us the status of the loan because it is no longer what it was because deductions are being made.”NPO
News
Investigation of wanted businesswoman Achimugu not linked with Atiku, Sanwo-Olu – EFCC
Investigation of wanted businesswoman Achimugu not linked with Atiku, Sanwo-Olu – EFCC
The Economic and Financial Crimes Commission has reacted to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu
This is contained in a statement by the commission on Friday night.
The statement read, “We wish to state unequivocally that the investigations of Achimugu have no correlation of any kind with the two political actors. She is being investigated for alleged criminal conspiracy and money laundering and has since been declared Wanted by the Commission”.
The EFCC started investigating Achimugu in 2022. Although she approached the court to obtain an injunction restraining the Commission from arresting, investigating, inviting or detaining her for any alleged criminal act, the injunction was challenged and vacated on Wednesday, February 19, 2025 by a Federal High Court sitting in Abuja.
The court ruled that “…no court has the power to stop the investigative powers of the Police or EFCC or any agency established under our laws to investigate crimes when there is reasonable suspicion of commission of a crime or ample evidence of commission of an offence by a suspect.”
“The court further upheld the interim order of forfeiture of assets of Achimugu suspected to be proceeds of crime, dismissing her suit against it as lacking merit .
“The foregoing clearly establishes that the EFCC’s case against her has no immediate or remote nexus with any politician or any veiled or open reference to any political engagement or transaction.
“The EFCC is non-partisan and non-sectarian. We enjoin the public to continue to keep faith with the professionalism of the Commission without imputing any extraneous consideration to its works.”
News
Why governors’ forum is silent on Rivers emergency, by DG
Why governors’ forum is silent on Rivers emergency, by DG
The Nigeria Governors’ Forum (NGF) yesterday attributed its neutral position on the recent declaration of a state of emergency in Rivers State to the need to steer clear of taking positions that may alienate members with varying political interests.
Taking positions on contentious partisan issues, the NGF said, would not augur well for it, especially in view of its past experience in fundamental division.
Notwithstanding, the declaration of the state of emergency by President Bola Tinubu yesterday generated more kudos and knocks from across the country.
Special Adviser to the President on Senate Matters, Senator Basheer Lado, said the action of the president was meant to ensure protection of lives and restoration of law and order in the state, while the President’s Special Adviser on Media and Public Communications, Sunday Dare, said his principal was required to “avert needless harm and destruction .”
National Publicity Secretary of the ruling All Progressives Congress (APC), Felix Morka, said Tinubu, by his action, cleared what had manifested as a constitutional crisis in Rivers state.
But former President Goodluck Jonathan saw it from a different perspective.
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He described “abuse of office and power by the three arms of government in the country“ as a dent on Nigeria’s image.
The NGF, in a statement by its Director General Abdulateef Shittu, said it is essentially “an umbrella body for sub-national governments to promote unified policy positions and collaborate with relevant stakeholders in pursuit of sustainable socio-economic growth and the well-being of the people.”
It added: “As a technical and policy hub comprising governors elected on different platforms, the body elects to steer clear of taking positions that may alienate members with varying political interests.
“In whatever language it is written, taking positions on contentious partisan issues would mean a poor sense of history — just a few years after the forum survived a fundamental division following political differences among its members.
“Regardless, the Forum is reputed for its bold positions on governance and general policy matters of profound consequences, such as wages, taxes, education and universal healthcare, among others.”
It asked for “the understanding of the public and the media, confident that appropriate platforms and crisis management mechanisms would take care of any such issues.”
Why governors’ forum is silent on Rivers emergency, by DG
News
Rivers: Tinubu acted to save state, economy, says Karimi
Rivers: Tinubu acted to save state, economy, says Karimi
Chairman of the Senate Services Sunday Karimi has hailed President Bola Tinubu for the decision to declare a state of emergency in Rivers State.
He told reporters on Friday in Abuja that the President acted in the best interest of the State and Nigeria, having taken his decision in compliance with the Constitution.
“No President or government worth a name, will fold its arms and watch a political situation deteriorate to what we saw unfolding in Rivers State.
“We saw that bombing of pipelines had begun, and the security situation was getting worse with the tension everywhere”, Karimi stated.
Karimi, who represents Kogi-West on the ticket of the All Progressives Congress (APC), recalled the “fatherly role” Tinubu had played in the crisis since 2023 in a bid to get the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and suspended Governor Siminalayi Fubara to reach an understanding, to no avail.
He explained: “We were all here in 2023 when Mr President called that truce meeting at the Aso Rock Villa. There was the eight-point agenda for settlement reached between the factions.
“When Nigerians expected that progress should be made to achieve peace, things started deteriorating considerably to a point where the governor demolished the House of Assembly building and administered the state with only three legislators.”
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Karimi observed that with the recent judgment of the Supreme Court, which gave the upper hand to the 27 lawmakers loyal to the camp of the FCT Minister, matters merely got worse in the State as the lawmakers were set to impeach the Governor.
“What did you expect would be the implications? There would have been more destruction, killings and economic losses for the country.
“With the bombings that had already started, it was a matter of time before the whole state would be engulfed in flames. No responsible President would sit, arms folded, and allow that to happen “ he added.
The senator further argued that it took “painstaking efforts” by the administration to raise daily crude oil production to around 1,800 barrels, noting that Nigeria’s economy was already “witnessing a rebound under the renewed hope projects of the government.”
“Allowing the situation in Rivers to get worse before he would act, wouldn’t have helped the state or Nigeria as a country in any way.
“Mr. President intervened at the right time, and his actions are covered by law,” he said.
Karimi also spoke on the emergency declaration in Borno, Yobe, Adamawa and a couple of other states by former President Goodluck Jonathan without removing the Governors from office or suspending the state assemblies.
According to him, the case with those States was not generated by political crises but rather security concerns.
“So, I will advise those comparing the two scenarios to remember that one was purely about security threats resulting from the insurgency caused by Boko Haram, while that of Rivers is clearly political.
“It was the proper thing to do to suspend the political actors in the two factions to allow for tensions to diffuse. Nigerians should appreciate the President for the action he has taken so far,” he stated.
Sen. Karimi also noted that there was no cause for alarm as the National Assembly had indicated that the emergency rule could be reviewed as soon as there were signs that things could quickly normalise in Rivers State.
Rivers: Tinubu acted to save state, economy, says Karimi
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