Oyetola left a salary of N76 billion, pension debts

Mrs Bimpe Ogunlumade, Permanent Secretary, Ministry of Finance in Osun, says the state government has discovered salary and pension-related debts totaling over N76 billion left by the previous administration of Gov. Adegboyega Oyetola.

According to a statement issued on Thursday in Osogbo by Malam Olawale Rasheed, the Spokesperson for Governor Ademola Adeleke of Osun, Ogunlumade made the revelations while briefing officials of the new administration on the state’s financial status.

According to Rasheed, the Osun Government has discovered a massive debt of N76 billion in salaries, pensions, and insurance commitments incurred by Mr Gboyega Oyetola’s administration.

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

“The disclosure contradicted the former governor’s claim that he left N14 billion in cash for the new government, among other bogus claims that have now been proven to be false.”

“The Permanent Secretary disclosed the following breakdown of salaries and pension-related liabilities:

“Salary: N29,875,191,128.64; Pension Arrears: N45,375,237,693.40; Group Life Assurance Scheme: N554,644,028.97; Total: N75,805,072,851.01

“The public is hereby advised that this is not the total debt left by the previous administration,” he said, adding that “briefings on other sources of liabilities continue tomorrow.”